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Malaysia’s new rules to bar foreign political donations

Bloomberg Malaysia is reviewing plans to bar foreign political donations after Prime Minister Najib Razak became embroiled in a scandal over a $681 million contribution that ended up in his personal bank account. A Malaysian committee working on a framework to regulate political funding also determined that anonymous donations should not exceed 1,000 ringgit ($242) and contributions must be held ...

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Soaking the rich: A primer

There’s no subtlety about Democrats’ tax plans. Between Hillary Clinton and Bernie Sanders, details differ, but the central themes are identical: Soak the rich. To hear Democrats tell it, the country’s main budget problem is that the rich don’t pay their “fair share.” If they did, the fiscal outlook would brighten. We can now test this proposition, because the Clinton ...

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BoJ’s stimulus move meant to boost economy

The decision of Bank of Japan (BoJ) to keep monetary stimulus unchanged sent mixed messages to the stock markets, with Tokyo shares closing down 0.68% after the announcement, while the yen strengthening against all its 16 major peers. The yen’s reaction on Tuesday threw the ball in the court of Japan’s central bank chief to convince the market of the ...

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