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Economy

Germany remains the eurozone’s troubled economic child holding back Europe, while the U.S. dominates

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Europe’s economy saw modest growth in the April-June quarter even as the U.S. outperformed expectations, highlighting a persistent transatlantic growth...
Funds

US Govt Returns $156mn Worth of 1MDB Funds to Malaysia, Embassy Says

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TEMPO.CO, Kuala Lumpur - The U.S. government has returned another $156 million to Malaysia in recovered assets linked to scandal-hit state fund 1Malaysia Development Berhad (1MDB), taking the total returned so far to $1.4 billion, the U.S embassy in Kuala Lumpur said.The recovered funds were being returned following the U.S. Justice Department's approval of a remission petition submitted by the Malaysian government.To date, U.S. authorities have recovered and returned about $1.4 billion in funds misappropriated from 1MDB to Malaysia, the U.S. embassy said in a statement issued late on Thursday, June...
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