The United States should
"think twice" before giving Malaysia back the money recovered
from an anti-kleptocracy probe into state fund 1MDB, former
prime minister Mahathir Mohamad said on Friday, as the party
accused of graft at 1MDB was back in power.
Warren Buffett's Berkshire Hathaway Inc
said on Friday that former American Express Co
Chief Executive Officer Kenneth Chenault has been nominated to
the conglomerate's board of directors, replacing Microsoft Corp
co-founder Bill Gates.
As U.S. financial markets reel from a
week of historic swings, industry veterans are drawing on
memories from their earliest years on Wall Street, while younger
professionals are looking to lessons from history books.
Canada's financial regulator
is reducing the amount of capital lenders must hold to guard
against risks to the lowest level on record, it said on Friday,
as part of a series of measures to help gird against the
economic impact of the COVID-19 pandemic.
The International Monetary
Fund and World Bank Group on Friday advised their Washington
headquarters staff to work from home after an IMF employee was
diagnosed with COVID-19, the disease caused by the coronavirus.