Reuters Before the Bell: Malaysia to sell 1MDB-linked superyacht for $126 million

Click to View in Browser Wednesday, April 3, 2019 Malaysia to sell 1MDB-linked superyacht for $126 million Malaysia will sell a superyacht allegedly bought with stolen funds from state fund 1MDB to casino operator Genting Malaysia Bhd for $126 million, in the first major asset sale by Kuala Lumpur to recover billions lost from the fund. Norwegian Air sells two planes as it puts profitability over growth Norwegian Air has sold two of its Boeing 737-800 aircraft as part of its shift in emphasis from rapid growth toward profitability, the budget carrier said on Wednesday. CMC shares hit record low on profit warning as finance chief plans exit Shares in CMC Markets slid more than 10 percent to a record low on Wednesday after the online trading firm forecast a drop in income in the year to March as new rules curbed client activity, and its finance chief decided to depart. Brent nears $70 as oil prices rise for fourth day Oil prices rose for a fourth day on Wednesday, pushing Brent toward a nearly five-month high of $70 a barrel on OPEC-led supply cuts and U.S. sanctions, but a surprise increase in American inventories capped the gains. Ghosn's sudden Twitter appearance is latest surprise move by ousted businessman Ousted Nissan boss Carlos Ghosn's sudden appearance on Twitter on Wednesday was a surprise move by the businessman that perplexed people and sent journalists scrambling, and not for the first time. World stocks at six-month highs on optimism over U.S.-China trade, soft Brexit hopes World stocks rallied to six-month highs on Wednesday thanks to signs of progress in U.S.-China trade talks, reassuring economic data and hopes of a softer Brexit, helping push Germany's 10-year bond yield back above zero percent. IKEA to test furniture rental in 30 markets IKEA will expand tests to allow customers to rent desks and sofas rather than buy them as it shifts away from selling low-cost disposable furniture in response to growing environmental concerns. Ford to launch more than 30 new models in China over next three years Ford Motor plans to launch more than 30 new models in China over the next three years of which over a third will be electric vehicles, the U.S. automaker said on Wednesday, as it seeks to reverse slumping sales in the world's top auto market. India's Jet grounds three-fourths of fleet as it awaits bailout funds India's Jet Airways has been forced to ground more than three quarters of its fleet after failing to pay lessors, as the debt-laden carrier struggles to secure bailout funds promised by state-run banks. Dubai's Emirates NBD to buy Turkey's Denizbank for $2.8 billion in revised deal Dubai's Emirates NBD said on Wednesday it will buy Turkey's Denizbank from Russia's Sberbank at a roughly 20 percent discount to a previously agreed price, after a steep fall in the Turkish lira. Related Video Brexit gives Scotch whisky makers a headache May turns to opposition for help with Brexit Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook