Economy
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RAM Ratings Sees No Rating Impact on Malaysian Banks From US Bank Failures
Malaysian Banking Stability Remains Unshaken by Silicon Valley Bank Collapse The recent bankruptcy of Silicon Valley Bank and…
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SVB Parent Seeks Chapter 11 Protection a Week After Bank Collapse
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Silicon Valley Bank’s $42 Billion Run Ends in FDIC Takeover and USDC Depeg
On March 17, 2023, SVB Financial Group, the holding company of Silicon Valley Bank, entered Chapter 11 bankruptcy…
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In 2023, Malaysia’s Palm Oil Stockpile Sank to a Six-Month Low as Floods Hit
Malaysia, March 12, 2023 — cybernewschronicle.com — Seasonal patterns have done what they always do in Malaysia’s palm…
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Malaysia 2022 Investments Hit RM264.6 Billion
Malaysia’s investment approval numbers for 2022 hit RM264.6 billion. That is the second-highest figure the country has ever…
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Cathay Pacific 2022 Loss Widens to 834 Million Dollars
Cathay Pacific has projected a net loss between HK$6.4 billion and HK$7.0 billion for the full calendar year…
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Malaysia not going into recession, growth set to continue in 2023: Bank Negara Malaysia Governor.
For millions of Malaysian workers and families, the anxiety that has shadowed the global economy for months is…
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Malaysia’s total trade up 8.6% to RM236bil in December 2022
For the people of Malaysia, the latest trade figures are a welcome boost, with the country’s total trade…
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Danske Bank Pleads Guilty to Bank Fraud Conspiracy, Forfeits $2.059 Billion
Denmark, December 20, 2022 — cybernewschronicle.com — Denmark’s largest bank admitted it was a conduit for dirty money.…
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US Banks Warn of 2023 Recession Risk
NEW YORK, United States — The largest U.S. banks warned on December 12, 2022, that a potential recession…
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Asian Stocks Tumble as COVID Surge in China Compounds Woes
Asian equities experienced a broad decline on Tuesday, March 15, 2022, driven by a confluence of negative factors…
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BASF Opens Its Zhanjiang Mega-Site as the Chemical Growth Shifts
LUDWIGSHAFEN, July 7 — The shift is unmistakable. For decades, the German chemical industry was the backbone of…
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Pandora Papers Exposé Remains Largest in ICIJ History One Year Later
One year after the International Consortium of Investigative Journalists dropped the Pandora Papers into the world’s lap, the…
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Malaysia unlikely to go into recession due to economic diversification
For millions of Malaysians, the anxiety of rising prices at the grocery store and the pump has been…
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Hong Kong Named World’s Freest Economy in Fraser Institute Report
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Hong Kong once again ranked as world’s freest economy
For the people of Hong Kong, the latest recognition of their city as the world’s freest economy is…
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Malaysia attracts RM123.3 billion worth of approved investments for Jan-June 2022 period
For thousands of Malaysian workers, the first half of 2022 has brought fresh hope. Official data shows that…
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Malaysia’s Services Sector Drives RM78 Billion Investment Surge
In the first six months of 2022, Malaysia approved RM43.1 billion worth of manufacturing projects, a figure that…
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Arizona Governor Meets Taiwan Leader Over $12 Billion Chip Plant Deal
A new $12 billion semiconductor factory in Phoenix has created a strategic link between Arizona and Taiwan, a…
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Arizona Gov. Ducey hails Taiwan semiconductor investment
Arizona Governor Doug Ducey met with Taiwanese President Tsai Ing-wen in Taipei on Thursday to celebrate a $12…
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Macau’s 15-Day Casino Shutdown Exposed Economic Fragility in 2020
A decision by the Macau government to halt commercial operations for fifteen days in February 2020 revealed the…
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Eurozone Inflation Hits Record 7.5 Percent in March Report
Mina Agib, who operates the Egyptian restaurant Meya Meya in Berlin, recently received a supplier quote that reflected…
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Eurozone Inflation Hit a Record 7.5% in March, Then 8.1% in May
On April 1, 2022, the European Union’s statistics agency Eurostat released data showing that inflation in the eurozone…
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UK Inflation Hits 6.2%, a 30-Year High
Rishi Sunak was preparing to stand up in the House of Commons on Wednesday with a set of…
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Nvidia shares fall 3% as traders open $9.1M short on Huang spy scandal
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Senate Demand on Musk Signals New Limits for Starlink Users
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Why Fraud and Phishing Now Dominate Gallagher New Zealand Cyber Insurance Claims
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Cotality Report: Louisiana Leads U.S. States in Extreme Weather Homeowner Losses
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Home Depot Stock Jumps 7% as Democrats Sweep Congress and Housing Hopes Rise
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Small Business Owners Face Harsh Collection on Pandemic Loans
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Why 7.4% Mortgage Rates Freeze Markets While 1970s Double-Digit Rates Did Not
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How Nigeria’s Lithium Factories Could Reshape Africa’s EV Battery Costs and Energy Security
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Spain Withholds 12% of Olive Oil to Prop Up Prices
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Kotak Neo’s Banerjee Ties Gold, Rupee and Copper to Crude Volatility and Fed Rate Hikes
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El Niño and Iran War Drive Agricultural Commodity Prices to New Highs
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ICE Brent Hovers Near $110 as Middle East Tensions Keep Risk Premium High