MORNING MINUTES: What will make headlines, Dec 3, 2015

Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship Tun Razak Exchange development in Kuala Lumpur.
Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship Tun Razak Exchange development in Kuala Lumpur.PHOTO: REUTERS

Good morning! Morning Minutes is a round-up of stories that will break on Thursday, Dec 3, and which we think you'd be interested in.

It appears on weekdays, available by 7am.

Malaysian PMO to answer questions on money found in Najib's bank account

The Malaysian Prime Minister’s Office is set today (Dec 3) to address questions on where the nearly US$700 million (S$987 million) that was discovered in the personal bank accounts of Datuk Seri Najib Razak in 2013 came from, and how the money was used. Questions about the funds were first raised five months ago when the Wall Street Journal reported that the money made its way into the Prime Minister’s personal bank accounts just before the May 2013 general election. This comes amid widespread speculation about financial misappropriation involving state investor 1Malaysia Development Berhad (1MDB). 

Another ECB stimulus?

Mario Draghi, president of the European Central Bank (ECB), attends Euro Finance Week in Frankfurt, Germany, on Nov 20, 2015. PHOTO: BLOOMBERG

All eyes are on the European Central Bank (ECB) president Mario Draghi, who is expected to deliver another salvo of stimulus today (Dec 3) to fuel price growth and nurture the euro region's economic recovery. Inflation in the 19-nation region was unchanged last month at 0.1 per cent, well below ECB's official target of near 2 per cent. Mr Draghi has said the bank will "do what we must" to lift inflation as quickly as possible.

Electoral test for Labour leader

Britain's opposition Labour Party leader Jeremy Corbyn leaves his home in north London, Britain on Dec 2, 2015. PHOTO: REUTERS

Britain's Labour leader Jeremy Corbyn will face his first electoral test  today (Dec 3), as voters go to the polls for the Oldham West and Royton by-election triggered by the death of much-loved Labour MP Michael Meacher. As Mr Corbyn faces week after week of negative headlines, Labour insiders fear support for the party will be significantly slashed. But Labour’s candidate Jim McMahon has brushed aside the claim that Mr Corbyn has damaged his chances of winning in the traditional Labour stronghold.