KUALA LUMPUR, May 30 (Reuters) - The two-year prison sentence for a former Goldman Sachs banker in the multi-billion dollar scandal involving Malaysia's sovereign wealth fund 1MDB was too lenient, a Malaysian minister said on Friday. Malaysia's Commodities Minister Johari Abdul Ghani, speaking in his capacity as the chairman of the 1MDB asset recovery taskforce, said ex-Goldman banker Tim Leissner...

TOKYO (Reuters) -Nippon Steel ( NISTF ) plans to invest nearly 870 billion yen ($6.05 billion) to introduce electric furnaces at its three domestic plants to reduce carbon emissions, the company said on Friday. Japan's government plans to subsidise as much as 251 billion yen of the steelmaker's decarbonisation efforts focused on the three plants by the 2029 fiscal year,...

BERLIN (Reuters) -Volkswagen is holding fair and constructive talks with the United States government on tariffs and wants to make further investments in the country, CEO Oliver Blume told German newspaper Sueddeutsche Zeitung. So far, we have had absolutely fair, constructive discussions, Blume told the newspaper in an interview published on Friday. I was in Washington myself and we have...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...