Singapore returning millions linked to Malaysia scandal

19 July 2019; AFP: Singapore is returning almost $40 million to Malaysia seized in connection with a massive financial scandal that played a major role in the toppling of the corruption-plagued government of Najib Razak, police said.

The city-state is one of several countries that launched probes into allegations that billions of dollars were misappropriated from Malaysian sovereign wealth fund 1MDB in an elaborate ruse that stretched from Asia to the United States.

Asian shares rise on optimism around Trump-Xi meeting

SINGAPORE (AP) — Asian stocks advanced Thursday ahead of a meeting between President Donald Trump and Chinese leader Xi Jinping at the G-20 summit in Japan this week.

Tokyo’s benchmark Nikkei 225 rose 0.8% to 21,262.10 and the Kospi in South Korea climbed 0.9% to 2,139.91. Hong Kong’s Hang Seng was up 0.9% at 28,466.09. The Shanghai Composite jumped 0.7% to 2,995.82 and Australia’s S&P/ASX 200 added 0.1% to 6,644.90. Shares rose in Taiwan and throughout Southeast Asia.

Asian markets mostly edge higher ahead of Fed meeting

SINGAPORE (AP) — Stocks in Asia mostly advanced Tuesday ahead of interest rate decisions by the U.S. Federal Reserve and other central banks.

The Kospi in South Korea gained 0.5% to 2,101.43, and Hong Kong’s Hang Seng picked up 0.9% to 27,471.19. The Shanghai Composite index jumped 0.2% to 2,892.53, while Australia’s S&P ASX 200 added 0.4% to 6,559.50. Japan’s benchmark Nikkei 225 lost 0.3% to 21,067.95. Shares rose in Taiwan and Singapore but fell in the Philippines.

Asian shares mixed on jitters over Hong Kong protests

SINGAPORE (AP) — Asian stocks were mixed on Thursday as protesters in Hong Kong vowed to keep opposing a proposed extradition bill they fear would whittle down the Chinese territory’s legal autonomy.

The protests threaten to shake confidence in the hub for many regional and international businesses and investors. Hong Kong’s Hang Seng gave up 0.5% to 27,163.46, extending its losses after closing down 1.7% on Wednesday.

Asian stocks rise as Chinese trade data beats expectations

SINGAPORE (AP) — Asian financial markets advanced Monday after China released better-than-expected trade data for May, though worries remain over trade negotiations between the Washington and Beijing.

Reopening after a market holiday, Hong Kong’s Hang Seng picked up 2.2% to 27,552.09 and the Shanghai Composite index was 1% higher at 2,855.77. Japan’s Nikkei 225 advanced 1.1% to 21,111.38, while the Kospi in South Korea rose 0.9% to 2,091.72. Shares rose in Taiwan and throughout Southeast Asia. Australian markets were closed.

S. Korea urges restraint after North’s missile test

SINGAPORE (AP) — South Korea’s Defense Minister Jeong Kyeong-doo on Saturday fended off calls to step up pressure on North Korea after it test-fired missiles last month.

Jeong told an annual security conference in Singapore that the tests were being investigated and a conclusion is within reach.

“There are discussions whether or not it is a short-range ballistic missile. There is a perspective that it is a Russian Iskander missile, or it is a new tactical ballistic missile,” he said.

US acting defense chief calls out China over South China Sea

SINGAPORE (AP) — U.S. Acting Defense Secretary Patrick Shanahan on Saturday denounced China’s efforts to steal technology from other nations and militarize man-made outposts in the South China Sea as a “toolkit of coercion,” saying Beijing’s bad behavior must end.

In his first major speech on the international stage, Shanahan mixed sharp criticism of China and warnings of North Korea’s “extraordinary” threat with vows that the U.S. will remain strongly committed to the Indo-Pacific region and is ready to invest billions of dollars in securing its stability.

Asian stocks retreat as China-US jitters set in

SINGAPORE (AP) — Asian shares slipped Wednesday on expectations that a trade dispute between China and the United States would simmer and possibly weigh on growth.

With a lull in economic releases closer to home, investors digested President Donald Trump’s comments that the country was “not ready” for a trade deal with China. Trump spoke to reporters in Tokyo on Monday.

Japan’s benchmark Nikkei 225 gave up 1.1% to 21,020.72. The Kospi in South Korea tumbled 1.3% to 2,021.84 and Hong Kong’s Hang Seng was 0.5% lower at 27,267.94.

World shares sink as US-China spat takes center stage

SINGAPORE (AP) — World stock markets fell sharply Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes.

Private surveys, meanwhile, showed continued weakness in the eurozone economy in May, with a slowdown in manufacturing and services.

France’s CAC 40 dropped 1.7% to 5,286 and the DAX in Germany was down 1.8% at 11,948. Britain’s FTSE 100 lost 1.5% to 7,226, after lawmakers rejected Prime Minister Theresa May’s latest Brexit offer and called for her resignation.

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