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Why Malaysia’s Politics Are Messy and What’s at Stake
Malaysia’s first transfer of power in six decades was hailed as a milestone for transparency, free speech and racial tolerance in the multiethnic Southeast Asian state. Two years later the young
How a $7 Billion Dispute Helped Topple Mahathir’s ‘New Malaysia’
In the weeks before his shock resignation as prime minister threw Malaysia into turmoil, Mahathir Mohamad was getting agitated.
Former Rivals Unite in Malaysia Race to Form Next Government
The race to form a government in Malaysia intensified rapidly late Friday, as interim Prime Minister Mahathir Mohamad’s party turned to the coalition it helped oust less than two years ago.
S&P 500 Futures Fall on U.S. Virus Case Without Outbreak Ties
U.S. stock index futures fell after American health authorities said they’ve identified the first case of coronavirus that doesn’t have known ties to an existing outbreak.
Mahathir in Driver’s Seat Again to Pick New Malaysia Leader
After a wild day that saw the collapse of Malaysia’s ruling coalition, one thing is clear: Mahathir Mohamad holds the key to forming the next government.
Malaysia Power Struggle Boils Over With Mahathir’s Resignation
A long-simmering power struggle in Malaysia boiled over on Monday, with Prime Minister Mahathir Mohamad kicking off a leadership race with his main coalition partner that could finally determine his
Modi’s Budget Falls Short as Focus Shifts to RBI Meeting
Indian Prime Minister Narendra Modi’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy.
Turkey’s Fine for Contempt of U.S. Court Could Soon Reach $1 Billion
If U.S. prosecutors get their way, Turkey’s Halkbank could be liable to pay $1 billion of dollars in fines as early as March if it continues to refuse to appear in a court case in New York.
Rand Falls After Mboweni Says Moody’s Rating ‘Not Looking Good’
South Africa’s rand weakened as much as 1.2% against the dollar after Finance Minister Tito Mboweni said the fate of the country’s sole remaining investment-grade credit rating from Moody’s Investors
Trump, Sanders, Warren Policies are Rattling This Investor
The 2020 U.S. presidential candidates, the incumbent included, are leaving one prominent bullish investor feeling his least optimistic in more than a decade.
Argentina Faces Fresh Turmoil After Resignation, Debt Downgrades
Life may have just got a whole lot tougher for Argentina’s Mauricio Macri a week after his shock primary-election defeat sent markets into a tailspin.
Salvini Outlines Plan of Attack With Italian Government in Chaos
With Italy facing the prospect of a snap election this fall, Deputy Premier Matteo Salvini is mapping out the way forward if his anti-immigrant League party takes control.
Macri’s Shock Setback in Argentina Deals Blow to Re-Election Bid
Argentina’s President Mauricio Macri unexpectedly lost a primary vote by a landslide, foreshadowing a defeat in October’s presidential election and a possible return to the policies of his
Boldest Kashmir Move in 70 Years Boosts Modi, Provokes Pakistan
Prime Minister Narendra Modi’s decision to revoke seven decades of autonomy in the disputed Muslim-majority state of Kashmir has consolidated his position as strongman and started a new chapter in
Trump and Xi to Seal a Deal? Traders Aren't Holding Their Breath
Fund managers are sticking to their positions ahead of this week’s meeting between presidents Donald Trump and Xi Jinping, saying they don’t expect much progress to be made.
Indonesia Election Result Set for Court Challenge After Riots
Indonesian presidential candidate Prabowo Subianto is set to lodge a legal challenge against his loss to incumbent Joko Widodo after the worst political violence to rock Jakarta in two decades left
Brazilian Assets Soar as Bolsonaro Starts to Deliver on Promises
Brazil’s benchmark stock index closed at a record high at the end of Jair Bolsonaro’s first day in office, as the new president delivered on key campaign pledges while his economy minister vowed a
Mexico Needs Law to Cut Bank Fees, Majority Whip Clouthier Says
Mexico sooner or later will pass a bill to cut bank fees and commissions but should carefully consider the timing of the legislation so as not to disrupt financial markets, said Tatiana Clouthier, the
Pakistan Secures $6 Billion Aid Package From Saudi Arabia
Pakistan said Saudi Arabia agreed to a $6 billion support package to bolster Islamabad’s dwindling finances following a second visit by Prime Minister Imran Khan to Riyadh seeking aid.
‘Ramaphoria’ Evaporates as Reality Sets In for South Africa
If there were any doubts that the euphoria following Cyril Ramaphosa’s election as president of South Africa has worn off, this week’s slump in the rand has removed them.