News

Malaysia's former premier Najib Razak on Monday dropped three civil suits against investigators of a multi-billion dollar scandal at state fund 1MDB, two weeks after he filed the applications.

Hedge funds raised their bets last week on a flatter U.S. yield curve and a stronger dollar. Their bond bet shows signs of coming good as the yield curve moves towards inversion, but their FX wager? Not so much.

* The Shanghai Futures Exchange (ShFE) launched 380-centistoke bonded fuel oil contract on Monday, the exchange said in a press release

Global regulators have published a framework for "vigilantly" monitoring risks from crypto assets like bitcoin and ether, even though they don't pose a major risk to financial stability for now.

UK prime minister says there will not be a new vote under ‘any circumstances’

BlackRock Inc, the world's biggest asset manager, reported a 25.6 percent jump in quarterly profit on Monday, helped by higher investment advisory fees.

There will be no second referendum on Brexit, a spokesman for Britain's Theresa May said on Monday, repeating the prime minister's belief that her plan for leaving the European Union was the only way to get a deal that meets the government's aims.

* Will serve five-year, non-renewable term (Adds detail on Enria's potential candidacy)

Most Southeast Asian stock markets closed lower on Monday, with Thailand falling 1 percent, as risk-off sentiment prevailed in broader Asia, and data showing China's economy and factory production growth slowing failed to whet investor appetite. China's economy cooled in the second quarter, while industrial output

* Advisers say some expats unaware of continued UK tax obligations