Sovereign wealth
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Malaysia's 1MDB defaults on US$1b loan, says Abu Dhabi fund
An Abu Dhabi sovereign-wealth entity said on Monday (Apr 18) that the Malaysian state fund 1MDB had defaulted on US$1.1 billion it owed in a new blow to the scandal-tainted company. The announcement, made in a filing to the London Stock Exchange by Abu Dhabi-based International Petroleum Investment Co, raised…
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Click here to read the full story: Channel News Asia