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Malaysia contractors slide as government deepens spending cuts

Bloomberg Malaysian contractors are plunging as the government intensified its efforts to rein in spending by reducing the cost of an almost $14-billion mass-rapid transit project. Shares of Gamuda Bhd. slid by a record and MMC Corp. fell to the lowest in nine years, after the Finance Ministry rejected an offer from the MMC-Gamuda consortium to build an underground portion ...

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Indian financiers brace for tighter rules

Bloomberg Shares of Indian non-bank financiers plunged on concern the fastest pace of growth since 2013 is at risk of foundering. Dewan Housing Finance Corp., JM Financial Ltd. and Edelweiss Financial Services Ltd. are among non-bank lenders that slumped more than 15 percent as of 2:40 p.m. in Mumbai on Monday. A spate of money market defaults by Infrastructure Leasing ...

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N Korea hackers broke into banks, tried to take $1.1bn

Bloomberg A North Korean hacking group focused on financial gain for the rogue state has penetrated banks around the world with a series of ongoing attacks, and has tried to steal at least $1.1 billion over the last four years, according to a new tally by cybersecurity firm FireEye Inc. The group, which FireEye identified as APT38, has infiltrated more ...

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