Tag: USA
Malaysian banks rating intact despite US bank failures – RAM Ratings
RAM Ratings assesses Malaysian banking sector's strength, noting less than 25% bond investments and robust regulatory oversight differentiating local banks from SVB's risky investment strategy.
Silicon Valley Bank (SVB) Financial seeks bankruptcy protection as banking turmoil persists
Silicon Valley Bank's parent company filed for bankruptcy protection, marking the largest bank collapse since 2008. The move follows regulatory takeover and aims to manage asset sales amid industry uncertainty.
Silicon Valley Bank SVB run exposes rifts in venture capital world
The failure of Silicon Valley Bank exposed deep rifts in the venture capital world, with investors publicly criticizing each other's actions during the bank run. Many VCs urged their portfolio companies to withdraw funds, potentially contributing to the bank's rapid collapse and highlighting internal industry tensions.
South Korea chip inventory climbs the fastest in 27 years
South Korea's semiconductor inventory jumped 28% in January, marking the fastest increase in 27 years. The spike reflects a prolonged tech downturn affecting the nation's export-driven economy, with chipmakers contributing 12% of total exports and facing declining global demand amid geopolitical tensions.
US forces returning to Philippines to counter China threats
After a 30-year absence, the United States is rebuilding its military presence in the Philippines, gaining access to additional military camps. This move is part of a broader strategy to create a strong defensive arc against China's increasing regional aggression, leveraging a long-standing alliance with strategic geographical significance.
US accuses Russia of endangering nuclear arms control treaty
The Biden administration warns that Russia's refusal to resume nuclear facility inspections threatens the New START treaty. Following COVID-19 suspensions in 2020, diplomatic tensions over Ukraine complicate strategic nuclear weapons cooperation between the US and Russia.
Asian FX, stocks rise as strong U.S. GDP data aids risk sentiment
Asian financial markets show positive momentum as U.S. economic data boosts investor confidence. The Philippine Peso and Malaysian Ringgit strengthen, reflecting robust economic performance and improved regional market outlook. Both currencies experience significant gains in early January, driven by strong economic indicators and renewed 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 discuss continued U.S. support. Burns has previously briefed Zelenskyy on intelligence regarding Russian war preparations, maintaining high-level communication throughout the conflict.
EU faces big subsidy rift before facing US
The EU is weighing industrial subsidies to compete with US green technology investments, but tensions arise as larger economies like Germany and France might disproportionately benefit, potentially undermining the single market's principles and smaller nations' economic interests.
US to send $3.75B in military aid to Ukraine, its neighbors
The United States is providing $3.75 billion in military aid to Ukraine and NATO's eastern allies. The package includes Bradley armored vehicles, anti-tank missiles, and funds to support Ukraine's military modernization efforts in response to ongoing Russian aggression.
