Underrated Sub-Saharan Africa scores over Eurozone in handling Covid

Underrated Sub-Saharan Africa scores over Eurozone in handling Covid

(ATF) Sub-Saharan African (SSA) sovereigns deserve better credit ratings given that the region’s economies have fared better during the pandemic than the Eurozone, with several avoiding a contraction in GDP in 2020. That’s the opinion of a senior economist who questions why the outlook on the nations’ debt remains negative …

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China's 'grey-rhino' property market sparks fears over economic crisis

Chinas “grey-rhino” property market could trigger subprime-like crisis

(ATF) Faced with a red-hot real estate market that has become a challenge to maintaining financial stability, authorities in China have resorted to issuing official warnings to cool things down. Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC), warned that the country's property market is the …

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Shadow digital lending apps driving millions to despair

Shadow digital lending apps driving millions to despair

(ATF) Cyber security researcher Anurag Sen was rudely jolted in August when he found his contact details among the 389 million phonebook records of the China-based online lending app Moneed’s unprotected database, which had been leaked a few days earlier. Sen was alarmed not only because the security breach had …

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Samsung shares slump as Lee heads back to jail

Samsung shares slump as boss heads back to jail

(ATF) Shares of Samsung Electronics and its subsidiaries fell at least 4% on Monday (Jan 18) after a South Korean court sent its vice-chairman Jay Y Lee back to prison for bribery, embezzlement and concealment of criminal proceeds. The verdict is expected to have a big impact on his leadership …

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South-east Asia's Grab hoping US IPO move can deliver $2 billion 

South-east Asia's Grab hoping US IPO move can deliver $2 billion 

South-east Asian ride-hailing and food delivery giant Grab is exploring a listing in the United States this year. The firm have been encouraged by robust investor appetite for IPOs, a source has revealed, and the move could raise at least US$2 billion – which would make it the largest overseas …

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Malaysia to pump another $3.7 billion into its Covid-hit economy 

Malaysia to pump another $3.7 billion into its Covid-hit economy 

Malaysia will introduce 15 billion ringgit ($3.71 billion) worth of additional stimulus measures to support its pandemic-hit economy and fight Covid-19, its Prime Minister Muhyiddin Yassin has announced. Last week, Malaysia declared a state of emergency and imposed a nationwide travel ban and lockdowns in the capital and five states …

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Samsung ‘at a crossroads’ as scion faces bribery charge

Samsung ‘at a crossroads’ as scion faces bribery charge

SEOUL: For years, legal troubles have cast a cloud over Samsung Electronics Vice Chairman Jay Y Lee as he stood on the cusp of stepping out of his father's shadow and making a name for himself as the leader of the global tech giant. On Monday, he faces sentencing on …

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