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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...

South Korea chip inventory climbs the fastest in 27 years

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In January, South Korea’s semiconductor inventory increased at its quickest rate in in 27 years. Highlighting a protracted tech recession that is holding back...

US forces returning to Philippines to counter China threats

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More than 30 years after the closure of its sizable bases there, the US has been taking steps to rebuild its military power in...

US accuses Russia of endangering nuclear arms control treaty

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Washington, D.C. The Biden administration asserted on Tuesday that Russia’s refusal to permit the restart of on-the-ground inspections poses a threat. To the New...

Asian FX, stocks rise as strong U.S. GDP data aids risk...

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The Philippine Peso and the Malaysian Ringgit led advances among Asian currencies on Friday. As overnight data revealed the U.S. economy’s resiliency, increasing investor...

CIA director visits Kyiv, meets with Ukraine’s Zelenskyy

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Washington, D.C. According to a U.S. official, Volodymyr Zelenskyy and CIA Director William Burns met in Kyiv last week. This was the most recent...

EU faces big subsidy rift before facing US

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Sweden’s KIRUNA: There are growing concerns that the continent’s heavyweights may benefit at the expense of the smaller member states. As the European Union...

US to send $3.75B in military aid to Ukraine, its neighbors

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WASHINGTON: As Russia’s invasion of Ukraine continues, the United States will provide $3.75 billion in military supplies and other aid. To Ukraine and its...

IBM partners with new chipmaker Rapidus to make up lost ground

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TOKYO: IBM Corp. claims that it is collaborating with Rapidus a recently established chipmaker sponsored by the Japanese government. To assist it to produce...

Global semiconductor equipment sales to hit record US$108.5bil this year

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PETALING JAYA: The Semiconductor Equipment Manufacturers Industry, based in the US. Predicts that global sales of all semiconductor manufacturing equipment by original equipment manufacturers...

Malaysia unlikely to go into recession due to economic diversification

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KUALA LUMPUR: Malaysia is not likely to slip into a recession due to the diversified structure of its economy. Which is less dependent on...

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...

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...