Bloomberg Former Malaysian Prime Minister Najib Razak is taking to social media to defend his economic record, denying his administration manipulated national debt levels and warning the new government against spooking the markets. “The ‘spade’ had always been called a spade,” Najib said on Facebook, hitting back against Finance Minister Lim Guan Eng who said new leaders will tell the ...

Bloomberg Tougher credit rules, increased supply and subdued wage growth are combining to put an end to Australia’s long housing boom. The downturn is most obvious in Sydney, where average home prices were down 3.4 percent in April from a year earlier. The city was previously the epicenter of the boom — as recently as a year ago, Sydney prices ...

Bloomberg The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up US scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter. The investigation is focussed on illegal practices that can influence prices — such as spoofing, ...