Malaysia: * Covid-19: Daily cases above 2,500 for third day in a row with 2,773 new infections detected * Govt taking various measures to address cost of living issues, says PM * Michelle Yeoh: From martial arts mega star to global road safety ambassador * Malaysian architect wins prestigious PAM Kington Loo Medal 2022 * Umno hopes to get reply from ROS by July 16, … [Read more...] about Asean News Headlines at 9pm on Saturday (July 2, 2022)
Currency trading news
Real stress hurts bank buybacks
JEROME Powell is putting big United States banks through two stress tests. The Federal Reserve (Fed) chair’s merciless interest-rate increases are hitting asset values hard, and that’s likely to prove painful in second-quarter earnings and beyond. Share buybacks by most big banks are already slower this year than last as they cope with billions of losses on government bonds … [Read more...] about Real stress hurts bank buybacks
Stocks swing higher as China eases quarantine rules
HONG KONG: Asian shares swung into positive territory in afternoon trade on Tuesday, propelled by China's decision to ease some quarantine requirements for international arrivals, with Hong Kong stocks particularly supported. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5%, having spent most of the day in the red. The index has fallen 3.8% so far this … [Read more...] about Stocks swing higher as China eases quarantine rules
Stocks, oil higher as China relaxes quarantine rules
LONDON: Global shares were higher on Tuesday while oil prices firmed following China's decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities. China slashed the quarantine time for inbound travellers by half in a major easing of one of the world's strictest COVID-19 curbs, which … [Read more...] about Stocks, oil higher as China relaxes quarantine rules
Singapore-based crypto hedge fund Three Arrows Capital has entered liquidation, source says
LONDON — Crypto hedge fund Three Arrows Capital (3AC) has entered liquidation, a person familiar with the matter told Reuters on Wednesday (June 29), in the latest sign of the market downturn hurting the crypto industry. Singapore-based 3AC is one of the higher profile crypto investors to have run into difficulties following the sharp sell-off in the market for digital … [Read more...] about Singapore-based crypto hedge fund Three Arrows Capital has entered liquidation, source says