Geneva / AFP Switzerland said on Wednesday it had widened its probe into Malaysia’s scandal-tainted state investment fund, 1MDB, with transactions worth $800 million under scrutiny and evidence pointing to fraud through “a Ponzi scheme”. The Swiss attorney general opened an investigation into the troubled 1Malaysia Development Berhad (1MDB) in August 2015 following allegations that some of the money ...

  Seoul / AFP Samsung’s drug-manufacturing unit plans to raise as much as $2.0 billion in November with what looks set to be South Korea’s third-largest initial public offering (IPO). Samsung Biologics, a contract manufacturer of biotech drugs for global pharmaceutical firms, had announced the IPO plan back in April — with parent Samsung Group seeking new growth engines as ...

  New Delhi / AFP On a scorching rooftop in a smart neighbourhood in the Indian capital, 40 Delhiites with an eye for a bargain peer over auction tables creaking with used, broken and half-eaten items, the front line of a thriving second-hand economy. The auctioneer’s voice rises to a frenzied pitch as the numbers soar higher, each item wielded ...