KUALA LUMPUR (May 30):  Fugitive financier Low Taek Jho still has a Cyprus passport, according to a new investigative series by Greek journalist Makarios Drousiotis, who is rolling out a fiery multi-part expose that shows rampant corruption involving politicians, service providers, land deve...

Jho Low still has a Cyprus passport – report

(May 30): Buffeted by earthquakes and the potential of conflict with China, Taiwan’s leaders want to accelerate plans to make the island more resilient to communications breakdowns and direct attacks on its digital infrastructure.

It could be an impossible task.

Audrey Tang, w...

Taiwan rushes to prevent China from cutting off Internet, phones

(May 30): European shares edged lowerin light trade on Monday,on losses in technology andbank stocks, while investors assessed the tentative deal reached by U.S. lawmakers to raise the nation's debt ceiling and avert a default.

The pan-European STOXX 600 index closed 0.1% lower, after l...

European stocks slip as tech, bank drag; investors assess U.S. debt ceiling deal

NEW DELHI (May 30): India has filed a graft case against Britain's BAE Systems plc and Rolls-Royce Holdings for "criminal conspiracy" in the procurement and licensed manufacturing of 123 advanced jet trainers, a federal police document showed.

The case is based on the findings of an inv...

India files graft case against BAE Systems, Rolls-Royce

(May 30): HSBC is set to announce next month that the UK arm of Silicon Valley Bank will be renamed HSBC Innovation Banking, Sky News reported on Monday.

The British government and the Bank of England facilitated a private sale of SVB UK to HSBC in March, in a move which would protect d...

HSBC to rename British arm of Silicon Valley Bank next month- Sky News

(May 30): China has rejected a request by the United States for a meeting between their defense chiefs on the sidelines of an annual security forum in Singapore this coming weekend, the Wall Street Journal reported on Monday.

"Overnight, the PRC informed the U.S. that they have declined...

China rejects US request for a meeting between defense chiefs -WSJ

SoftBank Group Corp will redeem US$2 billion (RM9.2 billion) of perpetual dollar bonds as it fulfils earlier pledges to buy back such notes early.

SoftBank to redeem US$2b of bonds, removing extension risk 

(May 29): US Democratic Senator Joe Manchin slipped into the debt-limit deal a measure meant to accelerate a multi-billion-dollar natural gas pipeline that’s been repeatedly stalled on environmental concerns, according to people familiar with the matter.

Manchin has tried for more than a year to secure a side deal for construction of the 303-mile Mountain Valley Pipeline, which cuts through the Democratic lawmaker’s home state of West Virginia. The project stalled after a federal court rejected a permit to cross a national forest.

Manchin gets Mountain Valley pipeline deal into debt bill

The US House Rules Committee said it will meet on Tuesday (May 30) afternoon to discuss the debt ceiling bill, which needs to pass a narrowly divided Congress before June 5, when the US Treasury says it would run short of money to cover all its obligations.

US House Rules panel to meet Tuesday on debt ceiling bill

The US will hold joint exercises with Coast Guards from Japan and the Philippines for the first time starting this week amid elevated tensions with China in the region.

The trilateral drills will be done off Bataan province that’s facing the South China Sea from June 1 to 7, according to a Philippine Coast Guard statement on Monday (May 29). The exercises will “strengthen interoperability” and will include maritime law enforcement training and maneuvering drills, it said.

US, Japan, Philippines to hold drills amid China tensions

India’s Oil and Natural Gas Corp aims to invest 1 trillion rupees (RM55.7 billion) by 2030 in a bid to balance its fossil fuel-heavy energy portfolio with green projects.

India’s top oil explorer plans US$12b green energy spend

(May 29): Mizuho Financial Group Inc is ditching illiquid assets and shortening the average maturity of its Japanese and other sovereign bond holdings so it’s positioned to deploy money after expected policy changes over the next 12 months.
 
Japan’s third-biggest bank is “curling up” with its investments, Kenya Koshimizu, co-head of Mizuho’s global markets company, said in an interview. He expects central bank actions in the US and Japan to spark big market moves, and wants to be prepared.

Mizuho cuts risk in bond portfolio, awaiting BOJ, Fed shifts

President Joe Biden and his European allies have repeatedly stressed their desire to “de-risk,” not “decouple,” from the Chinese economy in recent months as a way to explain a slew of new restrictions on trade with Beijing. The problem is, for China there’s no difference.

China rejects US claim that it’s ‘de-risking’, not ‘decoupling’

Gold prices hovered near two-month lows in thin trading on Monday (May 29) as the US debt ceiling agreement eased investor worries and weighed on safe haven assets, while chances of the Federal Reserve raising rates dampened the demand for bullion.

Gold holds at two-month lows as US debt deal, Fed hike bets weigh

CGS-CIMB upgrades Kotra after share price correction, keeps RM5.74 target price 

PetChem’s profits will show a steep y-o-y decline in FY23f, says HLIB Research 

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