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Malaysian banks rating intact despite US bank failures – RAM Ratings

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The bankruptcy of the Silicon Valley Bank (SVB) and two other smaller banks last week has little bearing on the ratings of Malaysian institutions,...

Silicon Valley Bank (SVB) Financial seeks bankruptcy protection as banking turmoil...

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Days after its former subsidiary Silicon Valley Bank (SVB) was taken over by US regulators. SVB Financial Group announced on Friday that it had...

Silicon Valley Bank SVB run exposes rifts in venture capital world

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SAN FRANCISCO: The failure of Silicon Valley Bank (SVB) has exposed differences within the typically close-knit venture capital (VC) industry. With some investors blaming...

US banks warn of recession amid rising inflation

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According to CEOs, the largest US banks are preparing for a poorer economy next year as inflation threatens consumer demand. Jamie Dimon, the chief executive...

WTO warns of ‘real’ recession risk in some major economies

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Indonesia's NUSA DUA: The crisis in Ukraine, rising food and gasoline prices, and surging inflation have all contributed to a cloudy view of the...

Brunei gets top ranking for business regulation from top international economic...

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BANDAR SERI BEGAWAN: Brunei has performed very well in regulation and secured second ranking globally. According to the Canadian conservative think tank, Fraser Institute’s...

Asian stock markets mixed ahead of latest US jobs reading

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Asian stock markets were mixed ahead of U.S. jobs data that might influence Federal Reserve plans for more interest rate hikes to cool surging...

Standard Chartered Malaysia Launches SmartStocks

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KUALA LUMPUR: Standard Chartered Malaysia has launched SmartStocks, a one-stop online share trading platform. Bringing clients the convenience of trading on 12 exchanges across...

Malaysia attracts RM123.3 billion worth of approved investments for Jan-June 2022...

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KUALA LUMPUR: Malaysia has attracted RM123.3 billion (US$28.0 billion) worth of approved investments in the manufacturing, services, and primary sectors involving 1,714 projects from...

Arizona Gov. Ducey hails Taiwan semiconductor investment

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TAIPEI, Taiwan: Arizona Gov. Doug Ducey on Thursday hailed economic and educational cooperation with Taiwan. Marked by a $12 billion investment in his state...

Biden approves $800M in new military assistance for Ukraine

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WASHINGTON USA: In anticipation of a new Russian offensive in eastern Ukraine, President Joe Biden approved an $800 million package of military assistance. Including...

Finland, Sweden move ahead toward possible NATO membership

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HELSINKI Finland: European Union nations Finland and Sweden reached important stages. On their way to possible NATO membership. As the Finnish government issued a...

Japan, US hold navy drills off Koreas amid nuke test worry

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TOKYO Japan: U.S. and Japanese warships, led by the USS Abraham Lincoln carrier strike group. Is conducting their joint naval exercise in waters between...

Police focus on van renter in Brooklyn subway shooting probe

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NEW YORK USA: A gunman wearing a gas mask set off smoke grenades and fired a barrage of bullets inside a rush-hour subway train...

Biden waiving the ethanol rule in a bid to lower gasoline...

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MENLO, Iowa USA: With inflation at a 40-year high, President Joe Biden journeyed to corn-rich Iowa on Tuesday. To announce a modest step aimed...

Hundreds Of thousands hit Pakistani streets to protest Imran Khan’s ouster

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Pakistan: Huge rallies were held in cities across the South Asian country in favor of the ex-premier and against "foreign interference." A day after...

Poland-Ukraine ties seen as a target of Russian disinformation

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WARSAW, Poland: Days before Poland’s Independence Day in November, vandals painted the blue-and-yellow colors of the Ukrainian flag on monuments in Krakow. The vandalism,...

Biden, Modi to speak as US presses for a hard line...

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WILMINGTON USA: President Joe Biden is set to speak with Indian Prime Minister Narendra Modi as he presses world leaders to take a hard...

S&P downgrade indicates Russia headed for historic default

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BOSTON USA: The credit rating agency Standard & Poor’s has downgraded its assessment of Russia’s ability to repay foreign debt. Signaling rising prospects that...

The US doubts the new Russian war chief can end Moscow’s...

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WASHINGTON USA: Russia has tapped a new Ukraine war commander to take centralized control of the next phase of the battle. After its costly...

SpaceX launches 3 visitors to the space station for $55M each

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CAPE CANAVERAL, Florida USA: SpaceX launched three rich businessmen and their astronaut escorts to the International Space Station on Friday. For more than a...

UN assembly suspends Russia from top human rights body

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UNITED NATIONS: The U.N. General Assembly voted to suspend Russia from the world organization’s leading human rights body. Over allegations of horrific rights violations...

UN to vote on suspending Russia from the rights council.

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UNITED NATIONS: The U.N. General Assembly will vote on whether to suspend Russia from the U.N.’s premier human rights body. The move was initiated...

Mariupol’s dead put at 5,000 as Ukraine braces in the east.

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ANDRIIVKA, Ukraine: The mayor of the besieged port city of Mariupol put the number of civilians killed there at more than 5,000. As Ukraine...

The US hits Russia with ‘war crimes’ sanctions, Europe following.

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WASHINGTON USA: The U.S. rolled out a new wave of financial sanctions on Wednesday against Russia. That President Joe Biden said would place a...

Asia’s US$350bil gas projects intensify the clean energy debate.

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SINGAPORE: Asia is pumping billions of dollars into new gas infrastructure. Making the region pivotal in a debate over the role of fossil fuels...

Guyana OKs Exxon’s $10B Yellowtail offshore oil project.

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GEORGETOWN, Guyana: Guyana’s government has granted permission for U.S. supermajor ExxonMobil to develop a fourth offshore oil and gas field. The company said it...

The US to seek Russia’s suspension from Human Rights Council.

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BUCHAREST, Romania: The United States plans to seek a suspension of Russia from its seat on the U.N.’s top human rights body. Pointing to...

WHO says 99% of the world’s population breathes poor-quality air.

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GENEVA Switzerland: The U.N. health agency says nearly everybody in the world breathes air that doesn’t meet its standards for air quality. Calling for...

Fire and Rain: West to get more one-two extreme climate hits.

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The one-two punch of nasty wildfires followed by heavy downpours triggering flooding and mudslides will strike the U.S. West far more often in a...

Pakistan Prime Minister Imran Khan protests to the U.S. about alleged...

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ISLAMABAD, Pakistan: Pakistan Prime Minister Imran Khan said his government handed an official protest to the U.S. embassy on Friday over what it called...

Cyberattack in Ukraine war affected thousands across Europe.

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A cyberattack targeting a satellite network used by Ukraine’s government and military agencies shortly after Russia’s invasion also knocked offline tens of thousands of...

Poland to end Russian oil imports; Germany warns on gas.

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WARSAW, Poland: Poland announced steps to end all Russian oil imports by year’s end. While Germany issued a warning about natural gas levels and...

US seeks tighter UN sanctions after N. Korea missile test

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SEOUL, South Korea: The United States called for tougher U.N. sanctions after North Korea said it test-fired its biggest intercontinental ballistic missile to date....

The US, EU sign data transfer deal to ease privacy concerns

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BRUSSELS: The European Union and the United States made a breakthrough in their years-long battle over the privacy of data. That flows across the...

The U.S. reinstates 352 product exclusions from China tariffs.

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WASHINGTON USA: The U.S. Trade Representative's office said on Wednesday it has reinstated 352 expired product exclusions from U.S. "Section 301" tariffs on Chinese...

The U.S. imposes fresh sanctions on Russia over the Ukraine invasion.

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BRUSSELS/WASHINGTON: The United States on Thursday imposed fresh sanctions on Russia. Targeting dozens of Russian defense companies. Hundreds of members of its parliament, and...

Intel unveils $88B chipmaking expansion plan for Europe.

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LONDON UK: U.S. chipmaker Intel unveiled plans on Tuesday to invest up to 80 billion euros ($88 billion) across Europe. As part of an...

Biden bans Russian oil, warns of higher prices at US pumps.

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WASHINGTON: President Joe Biden announced that the U.S. will ban all Russian oil imports. Toughening the toll on Russia’s economy in retaliation for its...