Bloomberg Veteran opposition leader Anwar Ibrahim, who has come tantalizingly close to leading Malaysia during his tumultuous political career, is suddenly on the cusp of clinching the top job —but a final hurdle stands in his way. Anwar’s reformist coalition won 82 parliamentary seats in Saturday’s election, the biggest haul among the competing blocs. While it’s short of the majority ...

Bloomberg Prime Minister Rishi Sunak said the UK isn’t prepared to align itself with EU laws as part of their post-Brexit relationship, pushing back against reports his government is exploring the potential for Switzerland-style ties with the bloc. “Under my leadership the United Kingdom will not pursue any relationship with Europe that relies on alignment with EU laws,” Sunak said ...

  Bloomberg Poland’s defense chief welcomed a German offer to deploy Patriot missiles in the country and proposed stationing the defense system near its border with Ukraine. Germany made the offer less than a week after a missile strike killed two people in a village in eastern Poland, raising fears of a significant escalation between Nato and Russia nine months ...

Bloomberg South Korea’s won is seen strengthening further after bouncing back from a 13-year low to become Asia’s best-performing currency, as the outlook for global trade improves for the major exporting nation. The won has climbed 6% against the dollar this month, the biggest rise among major Asian currencies, amid expectations of softer rate increases in the US and China’s ...

  Bloomberg China’s financial regulators have asked banks to stabilise lending to property developers and construction firms, the latest effort by policymakers to turn around the real-estate crisis and bolster economic growth. Authorities support the “reasonable” extension of existing real estate development loans and trust loans, according to a statement posted on the People’s Bank of China’s (PBOC) website after ...

  Bloomberg Deutsche Bank AG is weighing cuts to its leveraged finance unit as part of a review by Chief Executive Officer Christian Sewing into under-performing businesses as his three-year restructuring concludes. The exercise is scheduled to finish next month and may result in less capital and other resources including staff being allocated to the business of providing loans to ...

  Bloomberg US consumers continued to seek out more credit cards this year even as the Federal Reserve aggressively lifted borrowing costs, a shift that cooled demand for mortgages, auto loans and other types of credit, according to research from the New York Fed. The New York Fed’s most recent credit-access survey showed an application rate for credit cards of ...

  Bloomberg Equity investors hoping for a better year in 2023 will be disappointed, according to Goldman Sachs Group Inc. strategists, who said the bear market phase is not over yet. “The conditions that are typically consistent with an equity trough have not yet been reached,” strategists including Peter Oppenheimer and Sharon Bell wrote in a note on Monday. They ...

Bloomberg Stocks fall amid concern that China may tighten Covid curbs after a string of reported deaths, with investors seeking shelter in the dollar. European equities edged lower, with mining stocks the biggest drag on the regional benchmark index. S&P 500 and Nasdaq 100 futures contracts both dropped by about 0.5%. Walt Disney Co. rallied more than 10% in New ...

  Abu Dhabi / Gulf Time AD Ports group and Transmar International Shipping Company (Transmar) have launched a new container shipping service that will link Karachi, Pakistan’s busiest port, with the major maritime economies of the Middle East and East Africa. The new route will contribute to AD Ports Group’s strategic objectives of increasing regional and global connectivity. The new ...