World & Region

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Global bank stock rout deepens as SVB collapse fans crisis fears

Shockwaves from the collapse of Silicon Valley Bank pounded global bank stocks further on Tuesday as assurances from President Joe Biden and other policymakers did little to calm markets and prompted a rethink on the interest rate outlook.
Global bank stock rout deepens as SVB collapse fans crisis fears

 

North Korea fires two short-range ballistic missiles, South Korea says

North Korea fired two short-range ballistic missiles off its east coast on Tuesday, South Korea's military said, the latest in a series of weapons tests as the South and the United States conduct their largest joint military drills in years.
North Korea fires two short-range ballistic missiles, South Korea says

 

Elephants honored in Thailand as part of nation's heritage

Thailand celebrated National Elephant Day on Monday, honoring the beast that is a beloved symbol of the country with feasts of fruits and vegetables.
Elephants honored in Thailand as part of nation's heritage

   

As banks shake, markets hear the sound of peaking rates

Investors scrambled to pull down global rate expectations on Monday and abandoned bets on the Fed upsizing its rate hikes next week, reckoning the biggest American bank failure since the financial crisis will make policymakers think twice.
As banks shake, markets hear the sound of peaking rates

 

Michelle Yeoh wins best actress Oscar for 'Everything Everywhere All at Once'

Malaysia's Michelle Yeoh won the Academy Award on Sunday for best lead actress for her role as a Chinese American laundromat owner dealing with family turmoil in "Everything Everywhere All at Once", becoming the first Asian woman to win in the category.
Michelle Yeoh wins best actress Oscar for 'Everything Everywhere All at Once'

   

Unconventional 'Everything Everywhere' wins best picture at the Oscars

"Everything Everywhere All at Once" won the prestigious best picture trophy at the Academy Awards on Sunday as Hollywood embraced an offbeat story about a Chinese-American family working out their problems across multiple dimensions.
Unconventional 'Everything Everywhere' wins best picture at the Oscars

 

China's new premier seeks to reassure private sector

New Chinese Premier Li Qiang sought to reassure the country's private sector on Monday, saying the environment for entrepreneurial businesses will improve and that equal treatment will be given to companies, regardless of ownership type.
China's new premier seeks to reassure private sector

   

North Korea launches missiles from submarine as US-South Korean drills begin

Nuclear-armed North Korea test-fired two strategic cruise missiles from a submarine on Sunday, state news agency KCNA said on Monday just as U.S.-South Korea military drills were due to begin.
North Korea launches missiles from submarine as US-South Korean drills begin

 

Regulators close New York's Signature bank, say depositors will be made whole

State regulators closed New York-based Signature Bank (SBNY.O) on Sunday, just two days after California authorities shuttered Silicon Valley Bank (SIVB.O), in a collapse that roiled global markets and stranded billions of dollars of deposits.

   

China names general Li Shangfu as defense minister

China named general Li Shangfu as its new defense minister on Sunday.
China names general Li Shangfu as defense minister

 

How Kakao won a takeover battle against HYBE for K-pop pioneer SM Entertainment

South Korean K-pop pioneer SM Entertainment Co Ltd is poised to fall under the grip of social media giant Kakao Corp after HYBE Co Ltd, the agency representing boy band BTS, on Sunday dropped a bid to take control.
How Kakao won a takeover battle against HYBE for K-pop pioneer SM Entertainment

   

Silicon Valley Bank's demise began with downgrade threat

In the middle of last week, Moody's Investors Service Inc delivered alarming news to SVB Financial Group, the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade the bank's credit.
Silicon Valley Bank's demise began with downgrade threat

 

Indian police arrest three after man killed for possessing beef

Police in India have arrested three men in eastern Bihar state in connection with the death of a Muslim man who was attacked because he was suspected of carrying beef, a police official said on Saturday.
Indian police arrest three after man killed for possessing beef

   

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