Tag: USA
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...
South Korea chip inventory climbs the fastest in 27 years
South Korea's semiconductor inventory rose 28% in January, marking the fastest increase since 1996. With chips comprising 12% of exports, the surge highlights a prolonged tech recession dampening economic growth. Global demand downturn and geopolitical tensions further complicate recovery prospects.
US forces returning to Philippines to counter China threats
The United States is rebuilding its military presence in the Philippines after more than 30 years, gaining access to additional military camps. This move is part of a broader strategy to fortify alliances in Asia and respond to China's increasingly aggressive regional posture, with infrastructure investments supporting rotating US troop deployments.
US accuses Russia of endangering nuclear arms control treaty
The Biden administration warns that Russia's refusal to resume on-site nuclear treaty inspections endangers the New START pact and bilateral arms control efforts, marking a significant breakdown in diplomatic relations.
Asian FX, stocks rise as strong U.S. GDP data aids risk sentiment
Philippine Peso and Malaysian Ringgit lead Asian currency gains, supported by resilient U.S. economic data. Both currencies strengthen in January, with ringgit appreciating about 4% year-to-date, reflecting improved economic outlook and investor optimism.
CIA director visits Kyiv, meets with Ukraine’s Zelenskyy
CIA Director William Burns visited Kyiv last week, meeting with Ukrainian President Volodymyr Zelenskyy to reaffirm Washington's support. Burns has previously briefed Zelenskyy on intelligence about Russian war preparations, highlighting ongoing high-level communication between the U.S. and Ukraine during the conflict.
EU faces big subsidy rift before facing US
The European Union is considering substantial subsidies to compete with US green technology investments, but smaller member states like Sweden warn that larger countries like Germany and France might disproportionately benefit, potentially threatening the EU's single market principles.
US to send $3.75B in military aid to Ukraine, its neighbors
The United States will provide $3.75 billion in military aid to Ukraine and NATO's eastern neighbors, featuring Bradley armored vehicles for the first time. The package includes direct Pentagon stock support and funding to enhance Ukraine's military capabilities amid ongoing conflict with Russia.
