Tag: US
Malaysian banks rating intact despite US bank failures – RAM Ratings
RAM Ratings assesses that Malaysian banks maintain strong credit profiles despite Silicon Valley Bank's collapse. Domestic commercial banks demonstrate robust lending practices, with less than 25% of assets invested in bonds, indicating lower risk compared to US counterparts.
Silicon Valley Bank (SVB) Financial seeks bankruptcy protection as banking turmoil persists
Silicon Valley Bank (SVB) Financial Group filed for Chapter 11 bankruptcy protection after its subsidiary was seized by US regulators. The move follows the bank's collapse, which marks the largest banking failure since Washington Mutual in 2008. Market uncertainty continues as major bank stocks experience declines.
Silicon Valley Bank SVB run exposes rifts in venture capital world
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
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...
Taiwan fears impact of US chip restrictionso
Taiwanese economic officials express concerns about recent US semiconductor legislation potentially harming Taiwan's critical chip export industries. The $50 billion Chips and Science Act aims to reduce reliance on Taiwanese technology, creating uncertainty for the island's tech manufacturing sector.
WTO warns of ‘real’ recession risk in some major economies
The World Trade Organization warns of potential recession in major economies, with Ukraine crisis, inflation, and food prices contributing to economic uncertainty. Developing nations face significant economic challenges.
Brunei gets top ranking for business regulation from top international economic freedom survey
Brunei secured impressive global rankings in business and labor market regulations, scoring 8.8 out of 10 in the Fraser Institute's Economic Freedom Index. The Sultanate ranked 59th globally among 165 economies, demonstrating strength in regulatory compliance and economic frameworks.
Asian stock markets mixed ahead of latest US jobs reading
Asian stock markets show mixed performance as investors await crucial US employment data. Shanghai and Seoul advanced, while Tokyo and Hong Kong retreated. The August jobs report may influence Federal Reserve's strategy on interest rates and inflation management.[100 words]
Standard Chartered Malaysia Launches SmartStocks
Standard Chartered Malaysia introduces SmartStocks, a revolutionary online share trading platform that allows Malaysian investors to access 12 international stock exchanges through a single account. The platform offers low transaction fees, particularly for Priority Private clients, addressing the challenges of global market access for retail investors.
Malaysia attracts RM123.3 billion worth of approved investments for Jan-June 2022 period
Malaysia saw RM123.3 billion in approved investments from January to June 2022, with foreign direct investments contributing 70.9% and the services sector leading at 63.3%. The investments are expected to create 57,771 job opportunities across manufacturing, services, and primary sectors.
