Abu Dhabi gives new deadline as 1MDB misses $600 million payment

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ABU DHABI/HONG KONG (Reuters) – Abu Dhabi’s sovereign wealth fund has given 1Malaysia Development Berhad’s (1MDB) five days to make a $600 million payment, which the troubled Malaysian state fund failed to pay on Tuesday, further complicating a dispute hanging over Southeast Asia’s third-biggest economy.

from Reuters: Business News http://ift.tt/2veeqEB http://www.reuters.com