Malaysian investigators scrutinizing a government investment fund have traced nearly $700 million of deposits into what investigators believe are the personal bank accounts of Prime Minister Najib Razak, according to documents from a government probe.
After six years of fitful growth, a mixed jobs report for June illustrated how underlying softness continues to beset the U.S. economy. Employers added 223,000 jobs and unemployment fell to 5.3%, but wage growth remains slow and labor-force participation shrank.
Brazil’s antitrust agency is investigating banking giants HSBC Holdings PLC, Citigroup Inc., Deutsche Bank AG and others on suspicion of forming a cartel to manipulate the exchange rate of the Brazilian currency, the real.
Belt-tightening is hitting one of Western Canada’s most venerable traditions: the Calgary Stampede. With the decline in crude prices, Canadian oil companies have trimmed their sponsorships at the annual rodeo-centered festival.