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Bloomberg Malaysian contractors are plunging as the government intensified its efforts to rein in spending by reducing the cost of an almost $14-billion mass-rapid transit project. Shares of Gamuda Bhd. slid by a record and MMC Corp. fell to the lowest in nine years, after the Finance Ministry rejected an offer from the MMC-Gamuda consortium to build an underground portion ...

Bloomberg Shares of Indian non-bank financiers plunged on concern the fastest pace of growth since 2013 is at risk of foundering. Dewan Housing Finance Corp., JM Financial Ltd. and Edelweiss Financial Services Ltd. are among non-bank lenders that slumped more than 15 percent as of 2:40 p.m. in Mumbai on Monday. A spate of money market defaults by Infrastructure Leasing ...

Bloomberg A North Korean hacking group focused on financial gain for the rogue state has penetrated banks around the world with a series of ongoing attacks, and has tried to steal at least $1.1 billion over the last four years, according to a new tally by cybersecurity firm FireEye Inc. The group, which FireEye identified as APT38, has infiltrated more ...

Bloomberg Consumer prices in the Philippines rose at the fastest pace in more than nine years in September, with central bank Deputy Governor Diwa Guinigundo pledging a “strong tightening bias.” Inflation accelerated to 6.7 percent from 6.4 percent in August, the Philippine Statistics Authority said in Manila. That compared with the 6.8 percent median forecast of economists in a Bloomberg ...

Bloomberg President Donald Trump’s attempt to wield US economic strength as a weapon against foreign adversaries is being tested as the Treasury Department struggles to contain the fallout from its sanctions against the world’s second-largest aluminum producer. The financial penalties imposed on Russia’s United Co. Rusal in April were intended to punish its majority owner, billionaire Oleg Deripaska, as well ...

Bloomberg A UK lawsuit filed against Google by millions of iPhone users over data-collection claims was thrown out by a London judge. The group, known as Google You Owe Us, were seeking as much as 3.2 billion pounds ($4.2 billion), according to documents filed with the court in May. The organisation, which represents more than 4 million people, said the ...

Bloomberg Services firms in the UK are giving up on attempts to hire new staff as business confidence plummets ahead of the nation’s impending exit from the European Union, the British Chambers of Commerce said in its quarterly economic survey. The percentage of service firms attempting to recruit is at its lowest level in quarter of a century, and even ...

Bloomberg A slump in Italian assets deepened after a tug-of-war between the government and the European Union over its budget intensified. Yields on benchmark 10-year bonds rose above 3.5 percent for the first time in four years while stocks approached a bear market after the European Commission said the populist coalition’s plans for a wider deficit are in breach of ...

Bloomberg General Electric Co., a prolific dealmaker throughout its 126-year history, began the biggest reorganization ever under Chief Executive Officer John Flannery. Then Flannery was gone. His restructuring campaign was interrupted after just 14 months when he was replaced by Larry Culp in a surprise ouster last week. Before Flannery left, he had announced at least 17 divestitures and spinoffs ...

Bloomberg US Secretary of State Michael Pompeo cited “fundamental disagreement” with China’s foreign minister during a testy exchange in Beijing that highlighted rising tensions between the world’s two largest economies. Pompeo’s retort came after Chinese Foreign Minister Wang Yi accused the US on Monday of escalating trade disputes, interfering on Taiwan and meddling in the country’s domestic affairs. “These actions ...