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By Luc Cohen NEW YORK (Reuters) – A fugitive Malaysian financier said he won support from allies of former U.S. President Donald Trump for a possible settlement of a probe into the looting of funds from the 1MDB sovereign wealth fund, a former Goldman Sachs banker testified on Tuesday. Tim Leissner offered a glimpse of …

Malaysian financier said he discussed 1MDB probe with Trump allies -testimony Read More »

By Luc Cohen and Jody Godoy NEW YORK (Reuters) -Former Goldman Sachs banker Tim Leissner, the prosecution’s star witness in a criminal trial tied to Malaysia’s 1MDB sovereign wealth fund, admitted under cross-examination on Tuesday that he had “lied a lot” in his life. Leissner is testifying in the trial of Roger Ng, 49, who …

Ex-Goldman banker testifies at 1MDB trial that he ‘lied a lot,’ misled women Read More »

By Paresh Dave (Reuters) – Alphabet Inc’s Google and Facebook owner Meta Platforms Inc are among internet companies facing possible punitive measures in Russia after failing to open local offices and take other measures required by a communications law. Since July 2021, Russian legislation signed by President Vladimir Putin has obliged foreign social media companies …

Google, Meta face penalties in Russia as deadline passes to open local offices Read More »

By Nidhi Verma, Marianna Parraga and Matt Spetalnick NEW DELHI/HOUSTON/WASHINGTON (Reuters) – Venezuela’s state-run oil company PDVSA has agreed to allocate cargoes to producers ONGC from India and Maurel & Prom from France to settle debts, but the deals await U.S. authorizations, two people close to the discussions said. PDVSA in recent months assigned a …

Venezuela assigns oil to ONGC, Maurel & Prom as they seek U.S. approval -sources Read More »

By Fanny Potkin and Poppy McPherson SINGAPORE (Reuters) – Norway’s Telenor is planning to transfer $100 million held by its troubled Myanmar operations to the unit’s new buyers – an amount roughly equivalent to how much it will be paid over five years, three people with knowledge of the deal’s terms said. The previously undisclosed …

Exclusive-Telenor’s fire sale of Myanmar unit includes $100 million in funds -sources Read More »

TOKYO (Reuters) – Financial leaders from the Group of Seven economies agreed on Tuesday that coordinated implementation of sanctions against Russia was vital to secure their effectiveness, Japanese Finance Minister Shunichi Suzuki said. Suzuki told reporters after attending the G7 finance chiefs gathering online that Ukraine’s finance minister had joined the meeting and had expressed …

Japan Finance Minister says G7 agreed on need for coordinated sanctions against Russia Read More »

By Chen Aizhu and Alex Lawler SINGAPORE/LONDON (Reuters) – China’s purchases of Iranian oil have risen to record levels in recent months, exceeding a 2017 peak when the trade was not subject to U.S. sanctions, tanker tracking data showed. The ramping up of the purchases by the world’s top oil importer comes amid talks between …

China buys more Iranian oil now than it did before sanctions, data shows Read More »