US and UK markets return from their long weekend on Tuesday (May 30) with a touch of ambivalence, happy that the weekend resulted in a US debt ceiling agreement and yet anxious about how the deal will fare in Congress.

More detail and clarity are expected around the tentative agreement in Washington to suspend the US$31.4 trillion (RM144.96 trillion) federal debt ceiling until January 2025 in exchange for caps on spending and cuts in government programmes. Even before celebrations could begin, a handful of hard-right Republican lawmakers have said they will oppose it.

Too soon to drink to the US debt deal

For President Joe Biden, a debt-ceiling victory comes with a bittersweet taste. The White House and top congressional Republican Kevin McCarthy reached a tentative deal for lifting the government’s borrowing limit on Saturday night (May 27). Each party championed the deal as a crucial step towards avoiding a sovereign default. But between broad spending caps and stricter rules for food stamps, Republicans have more to celebrate than their Democratic peers. America and its creditors, generally, have even less to be happy about.

Breakingviews: Biden gives little, gets less in debt ceiling deal

Records show that Micron Technology has lobbied the US government at least 170 times to raise questions about China’s competition. Such tactics have backfired, said South China Morning Post (SCMP).

In brutal US-China tech war, what goes around comes around — report

Politics has the spotlight at the start of a new week, falling chiefly — still — on the US debt ceiling stand-off.

Talks between President Joe Biden and lawmakers look likely to resume on Tuesday (May 16), after getting postponed on Friday.

Debt impasse dominates in big day for politics

Sterling's been down so long, this looks like up to most people.

Against the dark mood surrounding the British economy and dour positioning on the pound over the past 18 months, spring appears brighter — even if the gloomy weather being endured by anyone living in the country might suggest otherwise.

Rehabilitating sterling

With the US debt ceiling crisis set to reach boiling point between June and August, it already promises to be a long hot summer for financial markets.

US debt stand-off, BOJ make for potent summer cocktail

The decision announced yesterday that managers and supervisors of businesses in areas under the conditional movement control order (CMCO) must work from home, while other staff can work in the office but must pass a Covid-19 test, is both discriminatory and flawed.

The Edge says: Latest work-from-home order a flawed and discriminatory decision

MUMBAI (Feb 10): It’s hard to shrug off a big mess, and that’s an awkward lesson India is learning. The latest vote of no confidence in Gautam Adani’s eponymous infrastructure empire comes from a global index provider. MSCI has cut the free-float status of four Adani stocks which will reduce...

Breakingviews: MSCI’s Adani cut signals fat tail risks for India

WITH the dissolution of Parliament, GE15 is set to be announced over the next 60 days, notwithstanding floods and festivities. The usual excitement is in the air, political parties’ flags are set to fly across the peninsular and East Malaysia.

Pitfalls & Pitch Calls: Parliament dissolved, GE15 is on

Below are excerpts of Petroliam Nasional Bhd (Petronas) chairman Tan Sri Mohd Bakke Salleh's letter to stakeholders.

Petronas chairman: Be prepared to pivot when faced with the unexpected

Media statement by Dr Ong Kian Ming, the Member of Parliament for Bangi, DAP spokesperson for international trade and industry, and a member of the Parliamentary Select Committee on Finance and the Economy, issued on June 30, 2022.

Managing the economy — Part 2: Pursuing a stronger exchange rate regime

There seems to be no ending to the Serba Dinamik Holdings Bhd saga whereby the global integrated oil and gas outfit — to the dismay of the investing fraternity and corporate governance proponents — blatantly disregarded and challenged enforcement actions by the regulators to keep an orderly market.

Is there a light — even a dim light — at the end of the tunnel for Serba Dinamik?

A multipolar nuclear regional balance will freeze the existing configuration of the Indo-Pacific, preventing its domination by any single major power. A multipolar Indo-Pacific maximises manoeuvre space for ASEAN and other small countries.

China’s strategic dilemmas

Media Statement by Dr. Ong Kian Ming, Member of Parliament for Bangi, on March 22, 2022

Comprehensive Labour Market Policy Reforms need to be introduced together with the RM1500 minimum wage

The announcement by the Prime Minister Datu...

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