-
1MDB Scandal: Former Malaysian PM's Jail Sentence Halved, Could Be Released By 2028
Friday, February 2, 2024 - 9:49am | 493In a recent development, the jail sentence of former Malaysian Prime Minister Najib Razak has been halved by the country’s pardons board, potentially leading to his release in 2028. What Happened: The board, chaired by Malaysia’s king, made the decision earlier this week after reviewing...
-
Former Malaysian PM Found Guilty in 1MDB Money Laundering Case Involving Goldman Sachs
Tuesday, July 28, 2020 - 4:30am | 343Former Prime Minister of Malaysia Najib Razak was found guilty by a court in Malaysia on Monday in a money laundering case involving Goldman Sachs Group, Inc (NYSE: GS), the Wall Street Journal reported. What Happened The guilty verdict pertains to the 1Malaysia Development Bhd. fund (1MDB). It...
-
#PreMarket Primer: Tuesday, March 25: Group Of Seven Calls For Tougher Sanctions
Tuesday, March 25, 2014 - 7:10am | 1065Two decades after integrating Russia into international decision making, world leaders gathered at an emergency meeting and decided to remove Russia from the Group of Eight until the nation changes course in Ukraine. In a joint statement following the meeting, the Group of Seven leaders...
-
Believe It: Malaysia Election Result Boosts Rare Earths ETF
Monday, May 6, 2013 - 1:47pm | 485It is safe the Market Vectors Rare Earth/Strategic Metals ETF (NYSE: REMX) was not the first ETF traders and investors were looking to as a way of profiting from Malaysia's election results, but there is no denying the downtrodden fund is up nearly 2.3 percent Monday. What might come as even...
-
Malaysia ETF Hits All-Time High on Election Results
Monday, May 6, 2013 - 12:04pm | 701Shares of the iShares MSCI Malaysia Index Fund (NYSE: EWM) are soaring 5.8 percent Monday and are near all-time highs as traders in the U.S. digested news of Prime Minister Najib Razak's victory in elections held in the Asian nation over the weekend. Razak's National Front coalition captured 127...
-
A Look Ahead: This Week's ETFs to Watch
Sunday, May 5, 2013 - 8:34pm | 683Buoyed by a stronger-than-expected jobs report last Friday, U.S. stocks surged to new highs as the S&P 500 jumped above 1,600 for the first time ever. The Dow Jones Industrial Average spent some trading above 15,000 while the Nasdaq was the best performer of three major U.S. indexes on the...
-
Ahead of Election, Malaysia ETF Hits New High
Tuesday, April 9, 2013 - 2:26pm | 597Just weeks ahead of the country's next general election, the iShares MSCI Malaysia Index Fund (NYSE: EWM) is printing new 52-week highs as the country's current prime minister is increasing handouts in an effort to retain power. On Tuesday, the iShares MSCI Malaysia Index Fund is higher by 1.2...
-
Politics Punishing Malaysia ETF
Tuesday, January 22, 2013 - 3:00pm | 401Shares of the iShares MSCI Malaysia Index Fund (NYSE: EWM) are off 3.3 percent Tuesday on volume that appears poised to eclipse the daily average as news of an imminent election is weighing on Malaysian stocks. Benzinga reported in late November that Malaysian equities and EWM could be affected by...
-
Malaysia ETF Could be Next to be Impacted by Politics
Friday, November 23, 2012 - 12:57pm | 679Investors in the U.S. are not even three weeks removed from Election Day, but it is worth noting other investable countries will be holding elections in the coming months. Malaysia, which is expected to hold general elections in six months, is a prime of country that is easily accessible to U.S....