Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; U.S. markets closed

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; U.S. markets closed

Hong Kong movers: Casinos, technology stocks drop on rising China case numbers Hong Kong-listed stocks related to reopening and technology fell in Asia’s morning session following reports of a surge of Covid cases in China. Shares of casino operator MGM China fell more than 4%, Wynn Macau lost 2.5%, Sands China fell 3%, and SJM … Read more

New Malaysian PM Anwar vows to heal divided nation, economy

New Malaysian PM Anwar vows to heal divided nation, economy

KUALA LUMPUR, Malaysia (AP) — Long-time reformist leader Anwar Ibrahim was sworn in as Malaysia’s prime minister Thursday and vowed to heal a racially divided nation, fight corruption and revive an economy struggling with the rising cost of living. His rise to the top a was a victory for political reformers who were locked in … Read more

Anwar Ibrahim makes history as tenth Malaysian prime minister

Anwar Ibrahim makes history as tenth Malaysian prime minister

Long-time Malaysian statesman Anwar Ibrahim is the country’s new prime minister after the Southeast Asian nation’s palace made the announcement on Thursday ending a protracted election deadlock. Following the meeting with state rulers and in line with the Malaysian constitution, the king appointed Anwar as the Southeast Asian nation’s tenth prime minister. The king said … Read more

Jail will be tough for ex-Malaysian PM Najib Razak: Anwar Ibrahim

Jail will be tough for ex-Malaysian PM Najib Razak: Anwar Ibrahim

Prison will be a tough contrast to former Malaysian Prime Minister Najib Razak’s seven-star hotel lifestyle as Malaysia begins to find “closure” from the scandal that had rocked the nation for years, said Malaysia’s opposition leader Anwar Ibrahim. Najib, who was charged for his role in the embezzlement of billions of dollars from the Malaysian … Read more