We have another instalment in the investigation into the mind-boggling level of corruption at 1MDB, (1Malaysia Development Berhad), the Malaysian state-owned investment fund. Members of the Singapore police’s economic crime unit have interviewed current and former Goldman employees with respect to the 1MDB bond offerings arranged by the bank.
One day after Broadcom surprised markets, and the US public, when the $100 billion Singapore company announced it would legally relocated to the US, Bloomberg and the WSJ report that Broadcom is considering a $100 billion deal for Qualcomm. The two are linked.
Legendary investor Jim Rogers, who in 1973 founded the Quantum Funds, a prominent family of hedge funds, with then-unknown Hungarian-born financier named George Soros, joined RealVision’s Steve Diggle for a wide-ranging interview where the legendary financier, who moved to Singapore in 2007 with his family because he wanted his children to be immersed in Asian culture, discusses his views on gold, bitcoin, and what makes a good investor – along with his belief that a major correction in financial markets is about to begin.
http://player.vimeo.com/video/235411967
One day after the US Navy announced it was placing global operations and patrols on temporary hold as it investigates the cause for the second deadly warship crash in two months, Navy and Marine Corps divers searched on Tuesday for 10 sailors missing from the USS John S. McCain which collided with a merchant ship near Singapore. According to the Navy’s Pacific Fleet Commander, at least one body and other unidentified remains have been found as the search so far.
Goldman and Citigroup Turn Positive On Gold - Despite "Mysterious" Flash Crash
- Gold bounces higher after "mysterious" one minute "flash crash" mistake
- $2 billion, 50 tons or 1.8 million ounces "fat finger" trade blamed
Gold in USD - 1 Week
- Massive selling at 0400 EST when U.S. markets closed and thin trading amid holidays in Muslim countries including Turkey, Singapore and Malaysia.