Investment bank JPMorgan cut on Monday its forecast of the number of emerging market companies expected to default on their debt, following the biggest improvement in distressed-level market pricing since 2016.

JPMorgan cuts forecast for emerging market corporate defaults 

Hurricane Beryl made landfall on the Texas coast early Monday, bringing heavy rains and life-threatening storm surge after churning across the Caribbean Sea and the Gulf of Mexico.

Hurricane Beryl makes landfall in Texas after raking Mexico

Developed nations such as the US need to invest in countries with vast reserves of critical minerals to reduce supply chain risks as these commodities are “the new oil” driving geopolitics, according to Indonesia’s Deputy Foreign Minister Pahala Mansury.

Indonesia says US must invest as critical minerals race picks up

Hungarian Prime Minister Viktor Orban met Chinese President Xi Jinping on Monday to discuss a potential Ukraine peace deal, paying the unexpected visit to Beijing days after his talks with Russia's Vladimir Putin angered some European Union leaders.

Hungary's Orban unexpectedly visits China, backs Xi's peace plan

The Edge Malaysia Best Managed & Sustainable Property Awards (BMSPA) is the first of its kind, recognising real estate that is sustainable and managed with excellence.

The awards aim to raise the bar on property management practices and sustainable real estate in Malaysia by benchma...

Nippon Paint partners The Edge Malaysia for BMSPA 2024

EAGER to score political brownie points, several parliamentarians could not wait to get a word in edgewise as Finance Minister II Datuk Seri Amir Hamzah Azizan presented data and facts to back up Putrajaya’s decision to retarget diesel subsidies when the Dewan Rakyat reconvened last week.

...

The State of the Nation: Consider the facts on diesel subsidy retargeting minus the emotions 

SKS Airways Sdn Bhd’s plans to become the first operator of the Embraer E195-E2 out of Sultan Abdul Aziz Shah Airport in Subang, Selangor (Subang Airport) appear to have hit a bump. The commercial airline under Johor-based SKS Group — which engages in property development, hospitality and credit ...

SKS Airways in limbo as jet flight plans stall

Carlsberg has agreed to buy British soft drinks maker Britvic for £3.3 billion (US$4.23 billion or RM19.9 billion) and buy out UK pub group Marston's from its joint venture with the Danish brewer.

Carlsberg to buy Britvic for US$4.2b and take over Marston's joint venture

COACH, a US-based fashion house specialising in bags, is teaming up with A Place Where (APW), an event and retail space in Bangsar, to set up what is believed to be a standalone multi-concept store that is expected to be the first of its kind in Southeast Asia.

Sources tell The Edge tha...

Coach teams up with APW to create new concept store 

Ten crew members, including the captain of cargo ship MV Kumjin, ​​survived after the vessel sank 2.1 nautical miles west of Tanjung Rhu, Sepang near here, Monday morning.

Ten rescued as cargo ship sinks off Sepang 

Raiz Invest Ltd, an Australian financial technology company and publicly listed entity on the Australian Securities Exchange (ASX), has announced that it is ceasing its Malaysian business.&nbsp;

Raiz to exit Malaysia 

Taiwan Semiconductor Manufacturing Co rose to a record intraday high in Taipei after Morgan Stanley joined a list of brokers boosting price targets on the chipmaker before its earnings.

TSMC shares soar to record on expectations of tight 2025 supply

Malaysian state energy firm Petroliam Nasional Berhad (Petronas) on Monday said it would add three energy-efficient liquefied natural gas (LNG) vessels to its North American operations.

Petronas adds three new LNG vessels ahead of LNG Canada start-up

Citigroup Inc’s workforce in Singapore has shrunk by about 500 people amid a global restructuring planned by the Wall Street giant, the Straits Times reported Monday.

Citi’s Singapore workforce shrinks by 500 amid global restructuring — ST 

Indonesia's President-elect Prabowo Subianto wants to give school children free meals, but the plan and his pledge to be 'daring' on spending have the country's debt and currency markets on edge.

Prabowo's free-meal plan stirs investor fears about Indonesia's finances

Boeing Co has agreed to plead guilty to criminal conspiracy to defraud the US after the Justice Department concluded the planemaker failed to adhere to an earlier settlement stemming from two fatal crashes of its 737 Max jetliner.

Boeing to plead guilty to fraud for violating deal over 737 Max crashes

Japanese workers’ base salaries rose the most since 1993, a jump that supports the case for the Bank of Japan to consider raising interest rates even as real wages continue to fall.

Japan base wages jump most since 1993 after large pay deals

Asian stocks inched higher on Monday as investors grew more confident about a September US rate cut, while the euro grappled with political uncertainty as French elections pointed to a hung parliament.

Asian shares firm, euro dogged by French political deadlock

American farmers are hoarding corn like it’s 1988. Investor bets that European natural gas prices will keep climbing are signalling that markets expect supplies to tighten in the coming months. And Hurricane Beryl’s rare strength so early in the Atlantic heralds the possibility of a super-charged storm season ahead.

Five key charts to watch in global commodity markets this week

SARAWAK’s plan to acquire a substantial stake in Affin Bank Bhd from key shareholders is still on the cards, with a formal agreement likely to be inked this month, sources say.

“The parties are working on a July timeline to close the deal,” a source familiar with the matter tells The Ed...

Affin Bank-Sarawak deal is on, likely to close this month, say sources

Hurricane Beryl made landfall on the Texas coast early Monday, bringing heavy rains and life-threatening storm surge after churning across the Caribbean Sea and the Gulf of Mexico.

Samsung Electronics workers began a three-day strike for better pay on Monday, with their union pointing to action should South Korea's biggest conglomerate continue to fall short of its demands.

Samsung Electronics workers strike as union voice grows in South Korea

Six companies are set to start trading in Hong Kong this week after raising a combined HK$4.31 billion (US$551 million or RM2.6 billion) in the busiest week this year for IPO debuts.

Hong Kong set for busiest IPO week this year with six listings

EAGER to score political brownie points, several parliamentarians could not wait to get a word in edgewise as Finance Minister II Datuk Seri Amir Hamzah Azizan presented data and facts to back up Putrajaya’s decision to retarget diesel subsidies when the Dewan Rakyat reconvened last week.

...

Ten crew members, including the captain of cargo ship MV Kumjin, ​​survived after the vessel sank 2.1 nautical miles west of Tanjung Rhu, Sepang near here, Monday morning.

SKS Airways Sdn Bhd’s plans to become the first operator of the Embraer E195-E2 out of Sultan Abdul Aziz Shah Airport in Subang, Selangor (Subang Airport) appear to have hit a bump. The commercial airline under Johor-based SKS Group — which engages in property development, hospitality and credit ...

China's central bank said on Monday it would start conducting temporary bond repurchase agreements or reverse repos to make open market operations more efficient and keep banking system liquidity ample.

PBOC tweaks liquidity operations amid strong bond demand

SHARES of Malayan Flour Mills Bhd or MFM (KL:MFLOUR) have risen by 35% year to date as its financials improved while investor forum chatter has revolved around the possibility of a corporate exercise.

When asked if the flour miller may have found a strategic partner for its flour busine...

MFM sees investor interest on back of lower wheat costs, corporate exercise chatter

Paramount Global’s board of directors Sunday approved a deal to merge with Skydance Media, opening a new chapter for one of Hollywood's oldest studios.

Paramount and Skydance agree to merger, ending Redstone era

COACH, a US-based fashion house specialising in bags, is teaming up with A Place Where (APW), an event and retail space in Bangsar, to set up what is believed to be a standalone multi-concept store that is expected to be the first of its kind in Southeast Asia.

Sources tell The Edge tha...

The Johor Baru-Singapore Rapid Transit System (RTS) Link’s station at Woodlands North and its connected Customs, Immigration and Quarantine (CIQ) facility will be about 10 times the size of a typical Mass Rapid Transit (MRT) station, Singapore's Land Transport Authority (LTA) said yesterday.

The information was released as Singapore's Transport Minister Ong Ye Kung officiated a ground-breaking ceremony that marked the start of the construction of the RTS Link at a project site situated along Admiralty Road West.

S’pore-Johor RTS Link station in Woodlands to be 10 times the size of typical MRT station

Those who have been around Robinsons long enough could sense that things were not looking good, but not Mr Andy Ng, a sales supervisor who has been there for just two years.

“We found out this morning during a meeting,” he said of the department store’s liquidation, which was announced on Friday (Oct 30). “I didn’t expect it.”

Tears flow, sadness prevails as Robinsons employees eye empty shelves, serve customers before closure

KUALA LUMPUR (Feb 28): Recent attacks against Malaysian tycoon Robert Kuok is a move by some elements within the ruling Barisan Nasional (BN) coalition to whip up anti-Chinese sentiments ahead of the country’s general election, say observers.

Mr Rashaad Ali, a researcher at Singapore’s ...

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