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Financials

Credit card losses are rising at the fastest pace since the Great Financial Crisis

by Adrian Jhonsan
Credit card losses are rising at the fastest pace since the Great Financial Crisis

Frederic J. Brown | AFP | Getty Images Credit card companies are racking up losses at the fastest pace in almost 30 years, outside of the Great Financial Crisis, according …

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Categories World

Morgan Stanley (MS) and Wells Fargo (WFC) have more room to run

by Adrian Jhonsan
Morgan Stanley (MS) and Wells Fargo (WFC) have more room to run

The financial sector is making a comeback, and it looks to stay there. Club names Morgan Stanley (MS) and Wells Fargo (WFC), in particular, have perked up recently. Still, we …

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Categories World

Malaysia’s Anwar vows to recover Goldman 1MDB settlement, warns of lawsuits

by Adrian Jhonsan
Malaysia’s Anwar vows to recover Goldman 1MDB settlement, warns of lawsuits

Malaysia’s then-opposition leader Anwar Ibrahim leaves after meeting with Malaysia’s King at the National Palace in Kuala Lumpur on November 22, 2022. Nurphoto | Nurphoto | Getty Images Malaysia’s Prime …

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Categories World

Stock Market Slides as RBI Policy Decision Weighs on Financials and Consumer Stocks

by Craig Fedirighi
Stock Market Slides as RBI Policy Decision Weighs on Financials and Consumer Stocks

BENGALURU: Indian shares declined on Thursday, dragged by financials on the central bank’s measures to reduce excess liquidity, and consumer stocks on inflation concerns, after the Reserve Bank of India …

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Categories Business

ASEAN advances towards economic unity with the introduction of a new regional payments system

by Adrian Jhonsan
ASEAN advances towards economic unity with the introduction of a new regional payments system

Presiden Indonesia, Joko Widodo, memberikan pidato pada Pertemuan Menteri Luar Negeri Asosiasi Negara-Negara Asia Tenggara (ASEAN) di Jakarta, Indonesia pada 14 Juli 2023. Sistem pembayaran lintas batas baru-baru ini diterapkan …

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Categories World

UOB, a Singapore bank, anticipates moderate improvement in NIM following the Fed rate hike

by Adrian Jhonsan
UOB, a Singapore bank, anticipates moderate improvement in NIM following the Fed rate hike

Singapore’s United Overseas Bank is expecting “some upside” in interest income in the next quarter, after the U.S. Federal Reserve announced a fresh rate hike overnight. UOB’s core net profit …

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Categories World

Status update: These non-tech stocks are making a surprising comeback

by Milton Acorn
Status update: These non-tech stocks are making a surprising comeback

A number of Club stocks that were unloved on Wall Street earlier in the year have seen their fortunes rebound in recent months, including oilfield-services firm Halliburton (HAL) and industrial …

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Categories Science
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