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Bloomberg Former Malaysian prime minister Najib Razak faltered in his bid to get a high court to halt bankruptcy proceedings against him for failing to pay a tax bill totaling 1.74 billion ringgit ($420 million). Kuala Lumpur High Court Judge Ahmad Bache on Monday dismissed Najib’s application for a stay of execution, according to an email exchange between the court ...

Bloomberg Myanmar’s ousted leader Aung San Suu Kyi was expected to be in court on Monday as her first trial begins on charges brought by the military junta after it seized power earlier this year. Suu Kyi and former President Win Myint, who have been in detention since the February 1 coup and face multiple charges, are expected to testify ...

Bloomberg The US Supreme Court rejected appeals by two members of a white supremacist group convicted under a federal anti-riot law for attacking counter-protesters during the deadly 2017 “Unite the Right” rally in Charlottesville, Virginia. The men, Michael Paul Miselis and Benjamin Drake Daley, argued unsuccessfully that the 1968 Anti-Riot Act violates the Constitution by punishing protected speech. A federal ...

Bloomberg About 5,000 Danish nurses are preparing to go on strike from Saturday, after their union failed to reach an agreement with employers over pay. The Danish Nurses’ Council rejected the wage proposal put forward in Copenhagen, Grethe Christensen, the group’s chair, said at a press conference. The council has made the case that nurses, who are predominantly female, have ...

Bloomberg Indian monetary policy makers are tolerating inflation rates higher than their 4% medium-term target while they focus resources on an economic rebound. Economists see the Reserve Bank of India (RBI) taking a grin-and-bear it approach to price pressures as it seeks to help Asia’s No. 3 economy recover from one of the world’s worst coronavirus outbreaks. The RBI has chosen ...

Bloomberg Toronto-Dominion Bank (TD) was found not liable for losses related to convicted fraudster Allen Stanford’s Ponzi scheme, with an Ontario judge rejecting a $4.5 billion negligence claim against the firm. The lender doesn’t need to pay the claim filed by trustees trying to recover losses from Stanford investors because Toronto-Dominion “did not know or have any reason to suspect ...

Bloomberg Goldman Sachs Group Inc inked a partnership with Visa Inc as it builds out its newly formed transaction banking arm. The bank is using Visa capabilities that allow Goldman’s corporate clients to easily send and track high-value payments to other businesses overseas, according to a statement on Monday. Goldman agreed to the deal after talking with more than 100 ...

Bloomberg European Central Bank (ECB) tensions over how and when to discuss ending its emergency bond-buying program are starting to bubble over into the public domain. Little more than an hour after President Christine Lagarde said in an interview that it is “far too early” to debate when to end the stimulus, Austrian central-bank Governor Robert Holzmann said the program ...

Bloomberg Bank of America Corp (BofA) is hiring top investment banker Vito Lo Piccolo, who’ll leave Italy’s Cassa Depositi e Prestiti SpA just as the state-backed lender revamps its strategy under new leadership chosen by Prime Minister Mario Draghi. Lo Piccolo, 46, will join BofA to strengthen its investment banking division, people with knowledge of the matter said. He will ...

Bloomberg SEB AB, one of Sweden’s biggest banks, is planning a new range of services to cater to the growing number of wealthy clients in northern Europe. The Stockholm-based bank says the list includes personalized advice on investing in art as well as coaching services for the children of the very rich to help them look after the fortunes they ...