China’s Communist Party fired a vice chairman of the economic planning agency who is suspected of “severe disciplinary violations,” after a Chinese journalist posted allegations that he had improper business dealings.
Nawaz Sharif was headed for a record third term as prime minister of Pakistan as unofficial results from a landmark election gave him the convincing win he sought to tackle a slumping economy and growing militancy.
Malaysian Prime Minister Najib Razak’s election win without the bulk of ethnic Chinese voters is set to pose the biggest test yet for the pro-Malay affirmative action policies instituted by his father more than three decades ago.
Global iron ore supplies will expand faster than demand over the long term, lowering prices and reducing volatility of the raw material used to make steel, according to BHP Billiton Ltd., the largest mining company.
Judging by their giddy rally today, markets in Malaysia are beyond relieved that the country’s general elections are over. A win for the incumbent Barisan Nasional coalition, whose main party has led Malaysia since independence, appeared to promise continuity and stability. Prime Minister Najib Razak adopted a humble tone after the bitterly fought campaign, calling for “national reconciliation.”