Bloomberg Malaysia will terminate a $20 billion rail project with contractor China Communications Construction Co, Economic Affairs Minister Mohamed Azmin Ali said. The Cabinet decided the East Coast Rail Link project was “beyond the government’s financial capability,” he said. Malaysia Finance Minister Lim Guan Eng wouldn’t corroborate Azmin’s comments, saying an official announcement would be issued if necessary by next ...

Bloomberg As China goes, so goes Starbucks. The chain, which helped introduce Americans to European coffee culture, is under pressure from Wall Street to do the same in China. It’s opening stores at a rate of nearly 600 a year, but an economic slowdown there, exacerbated by the trade war with the US, have curbed its previously breakneck sales growth. ...

Bloomberg The prospect of a delayed Brexit may be pushing up the pound, but it’s not the best news for the UK economy. Sterling has rallied above $1.30 this week amid increasing signs of support from lawmakers across Parliament for extending the negotiating period set to expire on March 29. While that would remove the imminent possibility of a chaotic ...