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China faces zero-Covid lockdown brain drain with visa inquiry spike
A surge in the number of Chinese professionals looking for emigration opportunities in response to China’s strict zero-Covid measures could affect the country’s ambitions to become a science and technology superpower.
Crypto-loving S.Koreans bet on Luna rising from ashes, worrying regulator
SEOUL (Reuters) - Reckoning they have little to lose with prices so ridiculously low, South Korean speculators in recent days have piled into Luna, a cryptocurrency that lost 99.99% of its value last week after its paired stablecoin TerraUSD collapsed.
Bursa Malaysia ends higher for third straight day
KUALA LUMPUR: Bursa Malaysia ended higher for the third consecutive trading session Wednesday on continuous nibbling in selected heavyweights including financial services, consumer, and oil and gas stocks.
Australian banks enter tech arms race as rising rates squeeze profit
The 10-minute home loan – at the tap of a smartphone screen – is emerging as the next frontier in Australian banking as rising interest rates quash a pandemic-fuelled property boom, eating into mortgage income and renewing focus on cost-cutting tech.
Uganda sued over digital ID system that excludes millions
Three charities have filed suit against the government, saying women and the elderly are missing out on healthcare and welfare benefits due to flaws in the identity card rollout.
Maybank introduces contactless cash withdrawal service
KUALA LUMPUR: Maybank has introduced its first-ever contactless automated teller machine (ATM) cash withdrawal service in Malaysia.
Press Metal, commodities lead FBM KLCI lower
KUALA LUMPUR: The FBM KLCI stayed ahead of the 1,550 psychological resistance at midday as Press Metal and other commodity plays lifted the benchmark.
Bursa maintains rally ahead of peak reporting season
KUALA LUMPUR: The domestic market continued its rally after the Wesak day holiday as investors looked forward to a raft of corporate earnings to be announced over the next two weeks.
Yellen links Russia sanctions to 1940 U.S. asset freezes aimed at Nazis
WARSAW (Reuters) - U.S. Treasury Secretary Janet Yellen on Monday drew parallels between the financial pressure that the United States and its allies are imposing on Russia to the efforts of a 1940s Treasury secretary to deny financial resources to Nazi Germany.
Spike in raw material price may impact profits
PETALING JAYA: Malaysian corporates are likely to post a slowdown in corporate earnings growth this year as inflationary pressures, the spike in raw material prices and the Russia-Ukraine war impact profitability.
