Bloomberg The brother of Asia’s richest man won a preliminary motion in a dispute with three Chinese banks seeking $680 million in defaulted loans, but still suffered a setback as a London judge called his evidence “implausible and highly unlikely” ahead of a full hearing next year. Judge David Waksman also said there is “a plain case” to issue an ...

Bloomberg Malaysia signed a deal with developers to restart the $34 billion Bandar Malaysia project which languished for years after being conceived under the oversight of troubled state fund 1MDB. A consortium comprising Iskandar Waterfront Holdings Sdn and China Railway Engineering Corp will acquire 60% stake in the venture for 6.45 billion ringgit ($1.6 billion). That’s based on Bandar Malaysia’s ...

Bloomberg Toyota Motor Corp is forecasting sales of 10.77 million vehicles worldwide during 2020, nudging it closer to No 1 automaker Volkswagen AG. Toyota’s outlook, which includes vehicles sold by subsidiaries Daihatsu Motor Co and truck maker Hino Motors Ltd, shows slight growth from an estimated 10.72 million vehicles this year. Volkswagen sold 10.8 million units in 2018 and said ...