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Asian news from Switzerland

Nikkei staff writer - JUNTARO ARAI - Top central banks to lay groundwork for instant digital cross-border payments - asia.nikkei.com - Japan -  Tokyo - France - South Korea - New York - Switzerland - Mexico

Top central banks to lay groundwork for instant digital cross-border payments

TOKYO -- Seven central banks will join with private-sector lenders to test the use of "tokenized" money on a digital ledger for faster, cheaper international transactions, which could mark a step toward a new settlement system.

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Joseph Sipalan - Malaysia 1MDB scandal: ex-PM Najib Razak files bid to serve remaining jail term under house arrest - scmp.com - Usa - Malaysia - Britain - Saudi Arabia - Switzerland

Malaysia 1MDB scandal: ex-PM Najib Razak files bid to serve remaining jail term under house arrest

The decision was made by then-king Sultan Abdullah Ahmad Shah on January 29, a day before his last day in office.

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Swiss Re names corporate solutions boss Berger as new CEO - cnbc.com - Germany - Switzerland - Rwanda

Swiss Re names corporate solutions boss Berger as new CEO

Reinsurance company Swiss Re said on Wednesday it would appoint its corporate solutions boss Andreas Berger as its group chief executive from July, replacing long-serving CEO Christian Mumenthaler.

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Associated Press - Malaysia 1MDB scandal: Switzerland begins fraud trial of Saudi oil executives linked to sovereign wealth fund - scmp.com - Usa - Malaysia - Saudi Arabia - Switzerland

Malaysia 1MDB scandal: Switzerland begins fraud trial of Saudi oil executives linked to sovereign wealth fund

Swiss prosecutors said the PetroSaudi managers were indicted on charges of commercial fraud, aggravated criminal mismanagement and aggravated money laundering, based on events that took place over at least six years.

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Najib Razak - JAMEY KEATEN - Two go on trial in Switzerland over ‘kleptocracy’ scandal involving Saudi oil firm, Malaysian bank - apnews.com - Usa - Malaysia - Britain - Saudi Arabia - Switzerland - Argentina - Turkmenistan

Two go on trial in Switzerland over ‘kleptocracy’ scandal involving Saudi oil firm, Malaysian bank

GENEVA (AP) — Two managers of a Saudi oil exploration company went on trial in Switzerland on Tuesday for alleged fraud and money laundering over a scandal years ago linked to a Malaysian sovereign wealth fund that the U.S. Justice Department once described as the “biggest kleptocracy case” ever.

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Lee Ying Shan - Here are the best places in the world to do business - cnbc.com - New Zealand - Canada - Hong Kong - Singapore - Germany - Denmark - Finland - Sweden - Switzerland

Here are the best places in the world to do business

Singapore, Denmark and U.S. are the best places in the world to conduct business, according to the Economist Intelligence Unit business environment ranking.

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a classauthorlink hrefhttpswwwaljazeeracomauthorshamimsSarah Shamima - Why does South Asia have the world’s worst air pollution? - aljazeera.com - New Zealand - India - Bangladesh - Pakistan - Finland - Switzerland - Estonia - French Polynesia

Why does South Asia have the world’s worst air pollution?

Smog-ridden cities in Bangladesh, Pakistan and India had the poorest air quality last year, says report.

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Investor Tribeca presents Glencore with ideas to raise shareholder value – How it may unfold - cnbc.com -  London - Australia -  Singapore - Switzerland -  Melbourne

Investor Tribeca presents Glencore with ideas to raise shareholder value – How it may unfold

Business: Switzerland-based Glencore PLC produces and markets a diverse range of metals and minerals, including copper, cobalt and zinc. It also markets aluminum/alumina and iron ore from third parties. The company is a producer and marketer of coal, with mines in Australia, Africa and South America. In addition, Glencore also markets crude oil, refined products and natural gas. The company physically sources commodities and products from its global supplier base, and it sells them to customers all over the world, transporting commodities by sea, rail and truck. Further, Glencore is involved in the recycling of copper and precious metals.

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