Just before 1 p.m. on June 9, 5,700 options tied to Clorox Co. were bought on U.S. markets for about $170,000. Traders snapped up the underlying stock and within half an hour, more than $450 million had been added to the bleachmaker’s shares.
When Sylvia Lim entered Singapore politics in 2001 as an opposition member, her father said he would visit her in jail, recalling how past adversaries of the ruling People’s Action Party were sued, bankrupted or imprisoned.
The political party that has ruled Singapore since independence in 1965 is seeking to overhaul its image with voters after the narrowest election victory on record signaled a shortfall in support among younger voters.
Singapore authorities are investigating a breach of Prime Minister Lee Hsien Loong’s website last night, one day after he said he would track down a group that announced plans to hack government online portals.
Mukhriz Mahathir, the 48-year-old son of Malaysia’s longest-serving prime minister, will tomorrow contest the vice presidency of the nation’s biggest political party, staking his claim as a potential future national leader.
Bank of New York Mellon Corp. and federal prosecutors are close to settling some claims in a government lawsuit accusing the bank of overcharging customers for foreign-exchange trading, according to a court filing.
Malaysian Prime Minister Najib Razak, whose coalition faces its biggest challenge in 55 years, said the election offers a choice between a reforming government that’s boosted growth and a fractious opposition that could bring “catastrophic ruin” for the country.
Singapore’s ruling People’s Action Party lost a by-election with the widest margin in almost three decades, signaling Prime Minister Lee Hsien Loong may struggle to claw back support as the cost of living climbs.