Asia-Pacific equities largely lower, Tokyo inflation highest in 40 years; US markets closed

The proposed G-7 price cap may not have any effect on Russia, says Wood Mackenzie The price cap for Russian oil of between $65 and $70 a barrel proposed by the Group of Seven (G7) countries may not be a significant deterrent to Moscow, according to Wood Mackenzie. The planned limit is not expected to … Read more

Asia-Pacific equities largely lower, Tokyo inflation highest in 40 years; US markets closed

Hong Kong Movers: Casinos, Tech Stocks Drop on Rising Numbers of Chinese Businesses Hong Kong-listed shares related to reopening and technology fell during the morning session in Asia following reports of a spate of Covid cases in China. Casino operator shares MGM China fell more than 4%, Wynn Macau lost 2.5%, Sand China fell 3%, … Read more

Anwar Ibrahim makes history as Malaysia’s tenth prime minister

Longtime Malaysian statesman Anwar Ibrahim is the country’s new prime minister after the Southeast Asian nation’s palace made the announcement Thursday ending a long-running deadlock in the election. After meeting with the state rulers and in accordance with the Malaysian constitution, the king appointed Anwar as the tenth prime minister of the Southeast Asian country. … Read more

Anwar Ibrahim makes history as Malaysia’s tenth prime minister

Longtime Malaysian statesman Anwar Ibrahim is the country’s new prime minister after the Southeast Asian nation’s palace made the announcement Thursday ending a long-running deadlock in the election. After meeting with the state rulers and in accordance with the Malaysian constitution, the king appointed Anwar as the tenth prime minister of the Southeast Asian country. … Read more

The Malaysian king says leading coalitions don’t have the numbers to form a government

Voters line up to cast their ballots during the general election in Bera in Pahang state, Malaysia, November 19, 2022. Xinhua News Agency | Xinhua News Agency | Getty Images Malaysia’s King Yang di-Pertuan Agong said that neither the leading coalitions Pakatan Harapan or Perikatan Nasional has achieved a simple majority to form a government … Read more

Mahathir Mohamad: Ex-Malaysia Prime Minister Loses Seat in Shocking Defeat | News

The 97-year-old statesman of Malaysian politics lost his seat in parliament – the first electoral defeat in 53 years. Former Malaysian Prime Minister Mahathir Mohamad has lost his parliamentary seat in Saturday’s general election. Mahathir came fourth in a five-way fight in his long-held constituency on the resort island of Langkawi, the country’s election commission … Read more