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  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 ...

  PHILADELPHIA / AP Donald Trump is aiming for a sweep of all five Northeastern states holding primaries on Tuesday, including Pennsylvania, leaving his rivals pinning their hopes of stopping the Republican front-runner on a fragile coordination strategy in the next rounds of voting. For Democratic leader Hillary Clinton, wins in most of Tuesday’s contests would leave little doubt that ...

  Bloomberg Australia snubbed a bid from Japan to award one of the world’s biggest defense deals to France’s DCNS Group, opting for a contract that will generate jobs in Australia and minimize a backlash from its major trading partner China. The French offer for the A$50 billion ($39 billion) contract to build 12 submarines trumped those by Japan’s Mitsubishi ...

  Bloomberg Bond traders are signaling that even inflation expectations at 2016 highs won’t be enough to push the Federal Reserve to raise interest rates this week. Futures show the central bank will hold its benchmark unchanged when it meets on Tuesday and Wednesday as policy makers incorporate international events into monetary-policy decisions. The meeting will give policy makers a ...

  Bloomberg Brazil’s Real advanced on speculation that President Dilma Rousseff will be impeached and as the central bank refrained from moving to weaken the currency. Stocks dropped as a decline in oil and iron-ore prices dimmed the outlook for Brazilian producers. The currency strengthened 0.2 percent to 3.5582 per dollar, extending its gain this year to 11 percent, the ...

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Monday inaugurated the Arabian Travel Market (ATM). Over 2,800 exhibiting companies and more than 100 new exhibitors will make their debut at ATM this year. During the visit, Sheikh Hamdan tours Emirates’ stand on the first ...

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched on Monday the Dubai Autonomous Transportation Strategy, which aims to transform 25% of the total transportation in Dubai to autonomous mode by 2030, saving AED 22 billion in annual economic costs. He said, “Dubai is ...

  Sunaina Rana / Emirates Business To identify and better understand the role of digital fluency in workforce gender equality, a new report from Accenture stated the influence of digitalisation in the workplace and the increasing trend of women embracing the use of technology to become more knowledgeable, connected and effective, plays a key role in helping women achieve gender ...

Beijing / AFP Global carmakers gathered in Beijing on Monday to show off their wares as competition intensifies and growth slows in the world’s biggest auto market, with the key SUV and new energy vehicle sectors the focus of attention. The flamboyant show, which alternates between the capital and commercial hub Shanghai, came after auto sales in China grew just ...

  Bloomberg The pound rose to its strongest level in more than a month versus the dollar amid signs the “remain” camp is pulling ahead in the campaign over Britain’s membership of the European Union. Sterling touched a six-week high against the euro, after posting its longest winning streak in 10 months through Friday, as U.S. President Barack Obama backed ...