Beijing / AFP Troubled Malaysian state investment fund 1MDB said on Tuesday it had defaulted on $1.75 billion in company bonds after missing an interest payment, heightening fears of a market-rattling bailout of the scandal-hit company. The fund, founded in 2009 by Prime Minister Najib Razak, is teetering on the brink of collapse amid multiple investigations around the world …

  New Delhi / Bloomberg Maruti Suzuki India Ltd. shares rose after the automaker posted revenue that beat analyst estimates as it sold more of the new Baleno hatchback and automatic variants of some existing models. The shares gained as much as 4.1 percent, the most intraday since April 13, in Mumbai trading. Total revenue in the quarter through March …

  TOKYO / AP Mitsubishi Motors Corp., the Japanese automaker that acknowledged last week that it had intentionally lied about fuel economy data for some of its models, said an internal investigation found such tampering dated back to 1991. President Tetsuro Aikawa told reporters on Tuesday the probe was ongoing, suggesting that more irregularities might be found. “We don’t know …

  Seoul / AFP South Korea vowed on Tuesday to restructure the country’s once formidable shipbuilding and shipping sectors, now crippled by mismanagement, slowing global demand and competition from Chinese rivals. Shipbuilders, including Hyundai Heavy Industries and Daewoo Shipbuilding and Marine, have racked up massive losses after slumping oil prices sapped demand for tankers and offshore drillers. The “Big Three” …

  Washington / AFP President Barack Obama’s challenge that Europe unite and shoulder more of the burden for its own security might soon be answered, in part, by a military mission off the Libyan coast. “Europe has sometimes been complacent about its own defense.” That was the staggeringly blunt criticism from Obama on Monday in Hanover, the last stop on …

  SANAA / AP Forces loyal to Yemen’s internationally recognized government have retaken the southern coastal city of Mukalla, driving out Al Qaida militants a year after they captured it, security officials said on Tuesday. The Yemeni forces entered the city late on Monday, following days of heavy airstrikes by a Saudi-led coalition fighting on the side of President Abed …

  Aleppo / AFP Air strikes on rebel-held areas of Syria’s second city Aleppo and a town to its west killed at least 19 people on Tuesday, emergency workers said. The strikes came after rebel shelling killed at least 19 civilians in government-held districts of Aleppo on Monday and are the latest in a surge of violence in and around …

  JAKARTA / AP Indonesia’s president says the country will host talks with Malaysia and the Philippines this week to boost maritime security following the kidnappings at sea of Indonesians by suspected Abu Sayyaf militants. President Joko “Jokowi” Widodo said Tuesday that the meeting of foreign ministers and military chiefs will discuss joint patrols to protect shipping in waters between …

  Paris / AFP The EU’s top diplomat Federica Mogherini said on Tuesday that Turkey would only get visa-free travel to the bloc once it has met all the required criteria. Turkey has demanded its citizens be allowed to enter the European Union’s passport free Schengen zone without a visa by June, in exchange for it taking back migrants from …

  Ankara / AFP Turkey has struck a deal with the United States to deploy American light multiple rocket launchers on its border with Syria to combat the IS group, according to the foreign ministry. The High Mobility Artillery Rocket System (HIMARS) “will be deployed on the Turkish border in May as part of an agreement” with Washington, Foreign Minister …