Business

1MDB reports surge in net profit last year

State investment fund 1Malaysia Development Bhd's (1MDB) net profit jumped 17 times in the financial year before last, according to a summary of a much delayed earnings report that comes ahead of a planned IPO of its power assets. 1MDB, whose board of advisers is chaired by Prime Minister Datuk Seri Najib Razak and which has... Read More

A worker cleans a showroom window at a shopping mall in Beijing yesterday. China

A worker cleans a showroom window at a shopping mall in Beijing yesterday. China's consumer inflation rate increased in March as fresh food prices jumped, but persistent deflation in the industrial sector was another signal of weak demand and slowing growth in the world's second-largest economy. – Reuters pic, April 16, 2014.

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