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Goldman is sued in U.S. over merger linked to Malaysia's 1MDB

NEW YORK Goldman Sachs Group Inc was sued on Tuesday by a major shareholder of a Malaysian bank it once advised, and which accused the Wall Street bank of fraudulently shortchanging it in a merger to curry favor with that country's prime minister.

Fed seen holding rates steady as inflation watch continues

SAN FRANCISCO The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation.

State prosecutors reject U.S. lawmakers' subpoena on Exxon probe

WASHINGTON The top state prosecutors in New York and Massachusetts said on Tuesday they will refuse to comply with a subpoena from U.S. congressmen for details on their investigations into whether Exxon Mobil misled investors on climate change risks.

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