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Indonesia firms warn earnings may fall

Bloomberg Indonesian companies are warning investors to brace for yet another quarter of missed earnings as they continue to reel from the economic impact of the biggest outbreak of the coronavirus in Southeast Asia. The pandemic has hurt sales, from cars and luxury condos, in Southeast Asia’s largest economy after social distancing measures were introduced in March to contain the ...

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Goldman’s 1MDB fiasco nears end with $3.9b Malaysia pact

Bloomberg Goldman Sachs Group Inc has reached a $3.9 billion pact with Malaysia, marking a big step in the Wall Street giant’s efforts to resolve its worst scandal since the financial crisis. The settlement includes a payment of $2.5 billion to Malaysia to resolve probes into the US bank’s role in a scheme to plunder the Asian nation’s 1MDB investment ...

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Man shot to death in Austin, Seattle police declare riot

Bloomberg A man was killed during a protest in Texas as demonstrations against racial and social injustice continued across the US. The victim was fatally wounded at around 10 pm in Austin, police said. Initial reports indicated the man may have been carrying a rifle when he approached a vehicle, whose driver fired several shots, according to police, The suspect ...

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