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All have been hit by a boycott campaign over Israel's military offensive in the Gaza Strip since the deadly Hamas attack in southern Israel on Oct. 7. Western brands are feeling the impact in Egypt and Jordan, and there are signs the campaign is spreading in some other Arab countries including Kuwait and Morocco. Videos have circulated of what appear to be Israeli troops washing clothes with well-known detergent brands which viewers are urged to boycott. In Kuwait City on Tuesday evening, a tour of seven branches of Starbucks, McDonald's and KFC found them nearly empty. Previous boycott campaigns in Egypt, the Arab world's most populous nation, had less impact, including those advocated by the Palestinian-led Boycott, Divestment, Sanctions (BDS) movement.

Persons: Mohamed Abd, Reham Hamed, Ahmad al, McDonald's, Jordan, Hossam Mahmoud, Sameh El Sadat, executive's, Issam Abu Shalaby, Farah Saafan, Sarah El Safty, Mai ShamsElDin, Suleiman Al, Ahmed Hagagy, Jonathan Spicer, Aidan Lewis Organizations: Hamas, REUTERS, Gaza, U.S, Kuwait City, McDonald's, KFC, McDonald's Corp, Reuters, BDS, Starbucks, TBS Holding, Malaysian, Cola, Nestle, Turkish, Israel, United Arab, Thomson Locations: Kentucky, Egypt, Gaza, Israel, Palestinian, Cairo, CAIRO, Jordan, Kuwait, Morocco, Amman, Rabat, BDS Egypt, Egyptian, Malaysia, Putrajaya, Saudi Arabia, United Arab Emirates, Tunisia, Khalidi, Danial Azhar, Kuala Lumpur, Kuwait City, Istanbul

☆ Binance mega-fine fits go-big-or-go-home vibe
▼ + stars: | 2023-11-22 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 21 (Reuters Breakingviews) - Cryptocurrency is a precocious industry, in its lows as well as its highs. So it makes sense that Binance, the world’s largest crypto exchange, has agreed to pay a $4.3 billion fine for anti-money laundering, effortlessly surpassing penalties paid by miscreant financial firms that have been around for more than a century longer. Binance boss Changpeng Zhao, a kingpin of crypto and the man who precipitated the downfall of bankrupt rival FTX, pleaded personally guilty on Tuesday to criminal violations. HSBC (HSBA.L), (0005.HK) in 2012 agreed to pay $1.9 billion for its role in facilitating drug cartels’ money laundering. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Changpeng Zhao, FTX, Zhao, Binance, Al Qaeda, It’s, Goldman Sachs, Goldman, David Solomon, Sam Bankman, John Foley, Sharon Lam Organizations: Reuters, HSBC, HK, Malaysian, U.S . Treasury Department, Thomson Locations: Iran, North Korea, U.S

☆ Jailed Russian nationalist nominates himself for president
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +1 min

Girkin said from custody in August that he would make a better president than Vladimir Putin, whom he described as "too kind". The letter instructed his followers to set up a headquarters and start collecting signatures for his candidacy, SOTA said. Supporters of Girkin said in September that his criminal investigation had been extended until Dec. 18. Kremlin spokesman Dmitry Peskov has said Putin has unprecedented support and that he would win an overwhelming majority if he ran. Reporting by Elaine Monaghan in Washington; editing by Clelia OzielOur Standards: The Thomson Reuters Trust Principles.

Persons: Igor Girkin, Igor Strelkov, Girkin, Vladimir Putin, SOTA, Oleg Nelzin, Dmitry Peskov, Putin, Elaine Monaghan, Clelia Organizations: Kremlin, REUTERS, Maxim, Russian, Strelkov, West, Thomson Locations: Moscow, Russia, Malaysian, Ukraine, Washington

REUTERS/Kim Kyung-Hoon Acquire Licensing RightsNov 17 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The Asia Pacific economic data and policy calendar on Friday is very light, with only Malaysian third quarter GDP and current account reports scheduled for release. Ahead of the data the ringgit is trading around 4.6850 per dollar, near last month's 25-year low of 4.79 per dollar. Anyone hoping for market-moving news from the Asia Pacific Economic Cooperation forum in San Francisco will have been disappointed. The gathering of APEC leaders has been cordial and cooperative but, viewed through an economic and market lens, lacking any real substance.

Persons: Kim Kyung, Jamie McGeever, Joe Biden, Xi Jinping, Fed's Barr, Collins, Daly, Josie Kao Organizations: Nikkei, REUTERS, Treasury, Asia, Malaysian, Asia Pacific Economic Cooperation, APEC, CSI, Brent, Thomson, Reuters Locations: Tokyo, Japan, U.S, Asia Pacific, Asia, San Francisco, China, Malaysia

☆ Enovix Corp establishes $1.2 bln high-volume manufacturing facility in Malaysia
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

KUALA LUMPUR, Nov 16 (Reuters) - Enovix Corporation, a U.S.-based advanced silicon battery firm, will establish a 5.8 billion ringgit ($1.23 billion) high-volume manufacturing facility in Malaysia, the Malaysian Investment Development Authority (MIDA) said in a statement on Thursday. The investment, which will be spent over a period of 15 years, includes the first manufacturing line amounting to 315 million ringgit, MIDA said. The company's investment plan was disclosed to Prime Minister Anwar Ibrahim during a meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in the United States, MIDA said. "Enovix's (investment)... promises significant local spillover impact, notably the creation of substantial high-quality job opportunities for Malaysians, and the enhancement of our nation's industrial landscape," Malaysia's Investment, Trade and Industry Ministry Tengku Zafrul Abdul Aziz said in the statement. ($1 = 4.7050 ringgit)Reporting by Rozanna LatiffOur Standards: The Thomson Reuters Trust Principles.

Persons: MIDA, Anwar Ibrahim, Industry Ministry Tengku Zafrul Abdul Aziz, Rozanna Organizations: Enovix Corporation, Malaysian Investment Development Authority, Economic Cooperation, Trade, Industry Ministry, Thomson Locations: KUALA LUMPUR, U.S, Malaysia, Asia, United States

☆ How an Indian startup hacked the world
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +41 min

The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, prominent attorneys and more. Run by a pair of brothers, Rajat and Anuj Khare, the company began as a small Indian educational startup. The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, sports figures and more. Back in 2012, Kristi Rogers was an executive at Aegis, a London-based security company. Canadian security company GardaWorld, which acquired Aegis in 2015, said it had no information on the incident.

Persons: Chuck Randall, Randall, “, ” Randall, ”, Randall’s inbox, Appin, Rajat, Anuj Khare, Rajat Khare’s, Clare Locke, Khare “, Khare, ” Clare Locke, Ted Kaczynski, Anuj, who’ve, SentinelOne, Tom Hegel, Appin “, Hegel, Mandiant, ” Hegel, Shane Huntley, ” Huntley, Google’s Huntley, ‘, Jochi Gómez, Gómez, Halevi, Tamir Mor, Russian oligarch Boris Berezovsky, Mohamed Azmin Ali, ” Mor, Berezovsky, Azmin, Mor, Roman Abramovich, Mark Hastings, Hastings, didn’t, Jim H, ” Jim H, Jim H’s, Kristi Rogers, Mike Rogers, he’s, Global’s, sully, Rogers, Damian Perl, – “, Steven Santarpia, ” Santarpia, Santarpia, Leonel Fernández, ” Fernández, Rajat Khare, “ Let’s, Ministry of Home Affairs didn’t, Peter Hargitay, Stevie, Billing, ” Stevie, ’, ” Peter Hargitay, Mookhey, Norman Shark, Jonathan Camp, Shark, Camp, Norman, Dominican Republic –, Dan Brady, Sandra Schweingruber, ” Schweingruber, Schweingruber, Brady, ” Gómez, –, ” –, Anna Carter, Mark Califano, ” Rajat Khare’s, India’s, Educomp, Karen Hunter, Hunter, Bryan, Rajat’s, Vijay Kumar, Deepak Kumar, Kumar, ACSG, Jay Solomon, Solomon, ” Rebsec’s, Vishavdeep Singh, Rebsec, CyberRoot, Sumit Gupta, Gupta, Raphael Satter, Zeba Siddiqui, Christopher Bing, Ryan McNeill, Corinne Perkins, John Emerson, Marla Dickerson Organizations: Reuters, Google, Harvard University, U.S, Symantec, Appin, Caribbean, El, Israeli Defense Forces, Commando, Quillon Law, U.S . House Intelligence, The Michigan Republican, U.S . Senate, Aegis, Global Security, Security, Rogers, Army Corps of Engineers, Rotary, Aegis ’, Global, ” Reuters, Britain’s, Appin Software Security, Ltd, Appin Security, –, Research, Analysis, Intelligence Bureau, Indian, India’s Ministry of Home Affairs, India’s Ministry of Defense, of Home Affairs, Central Bureau of Investigation, CBI, Federal Bureau of Investigation, Ministry of Home Affairs, Telenor, Broadcom, FBI, Dominican, Criminal Investigation Service, Appin Security Group, CERT, country’s, Bureau of Investigation, Educomp, State Bank of India, State Bank, The National Security Agency, NSA, U.S ., Swiss, Appin Technology, India’s Ministry, Corporate Affairs, Control Security Global, Technology, Kumar, Facebook, Meta, BellTroX, Services, Street, New, Rebsec, BellTroX’s, Hire Locations: Long, New Delhi, India, Yorker, Paris, Swiss, cybersecurity, Appin, Dominican, California, “, Dominican Republic, El Siglo, United States, Britain, Switzerland, New York, French, New Jersey, Israel, Russian, Malaysian, London, Rwandan, Virginia, Canadian, Chuck@shinnecock.org, Texas, Indian, India’s Punjab, Pakistan, Zurich, Australia, Norway, Oslo, Brady, Former, ”, U.S, Islip, Shinnecock, Washington, cyberespionage

☆ Malaysia, Google announce strategic collaboration on skills opportunities - state news agency
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: 1 min

An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsKUALA LUMPUR, Nov 16 (Reuters) - The Malaysian government and Google (GOOGL.O) announced a strategic collaboration to create inclusive growth opportunities for Malaysians and home-grown companies, state news agency Bernama reported on Thursday. The collaboration, aimed at accelerating innovation domestically, is expected to help businesses of all sizes advance their digital competitiveness through skilling programmes, investment, responsible innovation on artificial intelligence (AI), and cloud-first policies, Bernama said, citing Google and Malaysian Prime Minister Anwar Ibrahim. Reporting by Rozanna LatiffOur Standards: The Thomson Reuters Trust Principles.

Persons: Arnd, Bernama, Anwar Ibrahim, Rozanna Organizations: REUTERS, Malaysian, Google, Thomson Locations: Zurich, Switzerland, KUALA LUMPUR

JAKARTA, Indonesia (AP) — More than 200 conservative Muslims marched in Indonesia's capital on Wednesday, calling for the cancellation of a Coldplay concert that night over the British band's support for the LGBTQ+ community. Coldplay is renowned for interlacing its values with its shows, such as the band’s push for environmental sustainability. The Asian leg of Coldplay’s “Music Of The Spheres World Tour” includes Wednesday's concert at Gelora Bung Karno stadium in Jakarta. Jakarta is one of the band’s top streaming hubs, with 1.6 million fans in the city. ___Associated Press writer Niniek Karmini in Jakarta, Indonesia, contributed to this report.

Persons: Chris Martin, Lady Gaga, Niniek Karmini Organizations: Coldplay, British Embassy, ___ Associated Press Locations: JAKARTA, Indonesia, Indonesia's, Jakarta, British, Southeast Asia, Taipei, Malaysian, ___

☆ Indonesia hosts regional defence chiefs amid multiple global crises
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +4 min

Nov 15 (Reuters) - Defence ministers in ASEAN called for an immediate ceasefire in Gaza and a durable solution to the crisis in Myanmar during the opening of a regional meeting in Jakarta on Wednesday. Defence ministers from the Asian bloc are attending the 2-day meeting alongside key players in the Indo-Pacific as major powers jostle for regional influence, and as conflicts deepen from Myanmar to the Middle East. All ASEAN defence ministers, with the exception of Myanmar's, attended Wednesday's forum, with U.S. Defence Secretary Lloyd Austin to meet counterparts later in the day. The talks will expand on Thursday to include Russia, China, Japan, South Korea, India, New Zealand and Australia. The country removed its defence minister in October, raising questions about the stability of the leadership around President Xi Jinping.

Persons: Prabowo Subianto, Joko Widodo, Joe Biden, Haji Mohamad bin Haji Hasan, Prabowo, Myanmar's, Lloyd Austin, Jing Jianfeng, Xi Jinping, Austin, Aaron Connelly, Thomas Shoal, Connelly, Stanley Widianto, Ananda Teresia, Kanupriya Kapoor, Martin Petty, Kate Lamb, Gerry Doyle Organizations: Defence, ASEAN, Wednesday, Indonesian Defence, Hamas, Association of Southeast Asian Nations, Japan, U.S . Defence, Air, Joint Staff Department, China's, Military Commission, International Institute for Strategic Studies, Thomson Locations: Gaza, Myanmar, Jakarta, Washington, Malaysian, Malaysia, East, Ukraine, South China, China, Philippines, Russia, Japan, South Korea, India, New Zealand, Australia, Beijing, Indonesia, North Korea, Pyongyang, Singapore, U.S, Israel

☆ Opinion | Trump’s Deportation Plans for Immigrants
▼ + stars: | 2023-11-14 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Trump’s ’25 Immigration Plan: Giant Camps, Mass Deportation” (front page, Nov. 12):After choking on my coffee reading this excellent in-depth piece, I contemplated the America we will live in if these ambitious and aggressive ideas bear fruit. Do the architects of this plan really believe we will have a stronger, safer and more prosperous country by setting up giant immigrant camps and carrying out mass deportations? I am descended from “white” privilege and members of the Daughters of the American Revolution. My family has grown stronger in recent years by the blending of ethnic, cultural and religious origins through marriage and adoption — with Indonesian, Malaysian, Algerian, Romanian, Iranian and Danish heritages combined with Scot Irish and English ones. We have family members who are Jewish, Muslim, Sikh, Buddhist, atheist and agnostic as well as Episcopalian, Quaker and Catholic.

Persons: Scot Irish Organizations: American, Malaysian, Catholic Locations: America, Romanian, Danish

CANBERRA, Australia (AP) — Three murderers are among 81 foreigners recently released in Australia after the High Court ruled their indefinite detention in migrant centers was unconstitutional, the immigration minister said on Tuesday. The court hasn't released the reasons behind its ruling last week that overturned a 2004 precedent that stateless people could be detained indefinitely. Political Cartoons View All 1244 ImagesImmigration Minister Andrew Giles said the released foreigners included three murderers and several sex offenders. “The decision of the High Court which requires release effects very, very serious offenders,” Giles told Parliament. The 50-year-old had fled to Australia before he was sentenced in absentia and had been held in detention for nine years until the High Court decision last week.

Persons: hasn't, ”, Andrew Giles, Sussan Ley, ” Giles, Sirul Azhar Umar, Ley, Aliyawar Yawari, Clare O’Neil, ” O’Neil Organizations: Court, Rights Law, Australian, Home Affairs Locations: CANBERRA, Australia, Melbourne, Malaysian, Mongolian, Perth, Sydney

Hadri and Umar on Thursday began their defence after being accused of murdering Mongolian Altantuya Shaariibuu. Sirul was arrested on an Interpol notice and has been held in an Australian immigration detention centre since January 2015, after fleeing Malaysia shortly before the verdict was handed down. His release comes just days after a landmark ruling by Australia's High Court that outlawed indefinite immigration detention, leading to the release of dozens of asylum seekers. Malaysia's top police official Razarudin Husain confirmed news of Sirul's release from Australian detention and said police would discuss with the Attorney-General and the courts the possibility of seeking extradition. Sirul was serving as a member of Najib’s personal security detail at the time of the murder.

Persons: Azilah Hadri, Sirul Azhar Umar, Hadri, Umar, Bazuki Muhammad, Najib Razak, Sirul, Razarudin Husain, Sirul’s, Najib, Praveen Menon, Rozanna, Lincoln Organizations: Thursday, Mongolian, REUTERS, Rights, Australia's, Attorney, Thomson Locations: Shah Alam, Kuala Lumpur, KUALA LUMPUR, Malaysian, Australia, Malaysia, Canberra, Malaysia’s, Sydney

☆ Motorsport icon Marc Marquez shares the biggest lesson and toughest decision of his career
▼ + stars: | 2023-11-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

BURIRAM, THAILAND - OCTOBER 28: No.93 Marc Marquez of Spain and Repsol Honda Team during qualifying at Chang International Circuit on October 28, 2023 in Buriram, Thailand. (Photo by Supakit Wisetanuphong/MB Media/Getty Images) Supakit Wisetanuphong/mb Media | Getty Images Sport | Getty ImagesMotoGP legend Marc Márquez says leaving Repsol Honda — where he has won six premier class world titles over the last decade — was the biggest and most difficult decision of his career. Márquez will leave his current team at the end of this season of Grand Prix motorcycle racing (MotoGP). Since then, a series of serious injuries and a drop-off in performance of the Honda bike relative to rival manufacturers, particularly the currently dominant Ducati, have prevented him from tilting at a record-equalling seventh premier class world championship. At Gresini Ducati, a satellite team of the flagship Ducati Lenovo factory team, Márquez will be riding what is currently the most dominant bike on the grid.

Persons: Marc Marquez, Spain, Supakit Wisetanuphong, Supakit, Marc Márquez, Repsol, —, Márquez, Joan Mir, Gresini, PHILLIP, Mirco Lazzari Organizations: Repsol Honda Team, Chang, Circuit, Getty, Repsol Honda, Prix, Honda, Ducati, Gresini Ducati, CNBC, videolink, Malaysian, Phillip, Ducati Lenovo Locations: BURIRAM, THAILAND, Buriram, Thailand, Malaysia, PHILLIP ISLAND, AUSTRALIA, San Remo, Phillip Island, Australia

JAKARTA, Indonesia (AP) — Dozens of conservative Muslims marched in Indonesia’s capital on Friday, calling for the cancellation of Coldplay’s upcoming concert over the British band’s support for the LGBTQ+ community. Lead singer Chris Martin has been known to wear rainbow colors and wave gay pride flags during performances. The Asian leg of Coldplay's “Music Of The Spheres World Tour” includes a Nov. 15 concert at Jakarta’s Gelora Bung Karno stadium. Indonesia’s Tourism and Creative Economy Minister Sandiaga Uno assured Coldplay fans there would be no disruptions to the concert. ___Associated Press writer Edna Tarigan in Jakarta, Indonesia, contributed to this report.

Persons: Chris Martin, Basuki Tjahaja Purnama —, Coldplay, ”, Hery Susanto, ” Bamukmin, ” Martin, Sandiaga Uno, ” Uno, Ed Sheeran, Shawn Mendes, Justin Bieber, Peter Harjani, Lady Gaga, Edna Tarigan Organizations: Coldplay, Creative Economy, Indonesian Ulema Council, Entertainment, Boys, Associated Press Locations: JAKARTA, Indonesia, Indonesia’s, Jakarta, “, West Java’s, Bandung, Indonesian, British, Taipei, Malaysian

☆ Malaysia says sultan's heirs withdraw claim on Paris buildings
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

KUALA LUMPUR, Nov 10 (Reuters) - Malaysia said the heirs of a former sultan have withdrawn their claims over three Malaysian-owned diplomatic properties in Paris, as part of a $15 billion arbitration dispute between the two sides. An enforcement judge in Paris on Nov. 9 "recorded the claimants' withdrawal from the proceedings they had initiated to seize the... diplomatic buildings," Malaysia's law ministry said in a statement issued late on Thursday. But in June, a Paris court upheld the Malaysian government's challenge against enforcing a partial award. In the statement, the law ministry said the enforcement judge also quashed an earlier order authorising that a statutory mortgage be registered on the three buildings. The judge asked the heirs of the sultan to pay 15,000 euros ($16,008) to Malaysia as costs, in addition to the 100,000 euros ordered by a Paris Court of Appeal earlier this year, it said.

Persons: Martin Petty Organizations: Malaysian, of, Paris, Thomson Locations: KUALA LUMPUR, Malaysia, Paris, Sulu

SAN FRANCISCO (AP) — World leaders, CEOs, protesters and thousands of others will soon descend on San Francisco for a global trade summit that could give the battered city a chance to reverse its image of an economic powerhouse now in decline. As host, San Francisco and the city's partners are polishing sidewalks, scrubbing away graffiti and moving homeless people to accommodations indoors. “It shows that San Francisco isn’t dead,” he said, adding he believes “there's an appetite for things to change” despite negative media narratives. This month, Air China resumed direct flights between San Francisco and Beijing after suspending flights just before the pandemic. —-Associated Press journalists Haven Daley in San Francisco and Huizhong Wu in Bangkok contributed to this report.

Persons: Joe Biden, Xi Jinping, London Breed, Breed, —, ”, Gavin Newsom, Newsom, Janet Yellen, Karl Kramer, LaunchSquad, Gilbert Manirakiza, Chotto Matte, Kurt Zdesar, San Francisco isn’t, “, Azalina Eusope, ” Eusope, Jennifer Friedenbach, San Francisco, Emily Cohen, Malcolm Yeung, Haven Daley, Huizhong Wu Organizations: FRANCISCO, Economic Cooperation, Francisco's, United Nations, London, Associated Press . California Gov, San Francisco, Fox, Treasury, San, APEC, San Francisco Living Wage Coalition, San Francisco Giants, dreamers, Coalition, Homelessness, city's Department of Homelessness, Air China, Chinatown Community Development Center, Associated Press Locations: San Francisco, Asia, United, Francisco, San, U.S, Israel, Kenya, Chinatown, Malaysian, Tenderloin District, Beijing, Tourism, China, Bangkok

☆ Malaysian lawmaker found guilty of corruption by high court - Bernama
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

KUALA LUMPUR, Nov 9 (Reuters) - A Malaysian lawmaker from a youth-based party that pulled out of the ruling coalition over graft concerns has been found guilty of corruption by the Kuala Lumpur High Court, state news agency Bernama reported on Thursday. He was found guilty on four charges of criminal breach of trust, misappropriation of property and money laundering. The former youth and sports minister, had been charged over abetting a former official of the Bersatu party in misappropriating 1 million ringgit ($213,675.21) in funds for the party's youth wing. Syed Saddiq was formerly the head of Bersatu's youth wing but left the party to form his own party, MUDA, in 2020. ($1 = 4.6800 ringgit)Reporting by Danial Azhar; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

Persons: Bernama, Syed Saddiq Syed Abdul Rahman, Anwar Ibrahim's, Bersatu, Syed Saddiq, Danial Azhar, Kanupriya Kapoor Organizations: Malaysian, Court, Malaysian United Democratic Alliance, Thomson Locations: KUALA LUMPUR, Kuala Lumpur, misappropriating, MUDA

☆ Malaysian Lawmaker Found Guilty of Corruption by High Court - Bernama
▼ + stars: | 2023-11-08 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

KUALA LUMPUR (Reuters) - A Malaysian lawmaker from a youth-based party that pulled out of the ruling coalition over graft concerns has been found guilty of corruption by the Kuala Lumpur High Court, state news agency Bernama reported on Thursday. He was found guilty on four charges of criminal breach of trust, misappropriation of property and money laundering. The former youth and sports minister, had been charged over abetting a former official of the Bersatu party in misappropriating 1 million ringgit ($213,675.21) in funds for the party's youth wing. The offence was alleged to have taken place in March 2020 when Bersatu was in power. Syed Saddiq was formerly the head of Bersatu's youth wing but left the party to form his own party, MUDA, in 2020.

Persons: Bernama, Syed Saddiq Syed Abdul Rahman, Anwar Ibrahim's, Bersatu, Syed Saddiq, Danial Azhar, Kanupriya Kapoor Organizations: Reuters, Malaysian, Court, Malaysian United Democratic Alliance Locations: KUALA LUMPUR, Kuala Lumpur, misappropriating, MUDA

☆ Malaysia says won't recognise unilateral sanctions on supporters of Palestinian groups
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Malaysia Prime Minister Anwar Ibrahim speaks at a press conference during Japanese Prime Minister Fumio Kishida's official visit, at Putrajaya, Malaysia, 05 November 2023. FAZRY ISMAIL/Pool via REUTERS Acquire Licensing RightsKUALA LUMPUR, Nov 7 (Reuters) - Malaysia said on Tuesday it will not recognise unilateral sanctions in response to a proposed U.S. law to level sanctions against foreign supporters of Hamas and other militant groups operating in Palestine. The Hamas International Financing Prevention Act, aimed at cutting off international financing to the groups, was passed by the U.S. House of Representatives last week and is awaiting voting by the Senate. "Any sanctions against Malaysia can also affect the assessment of the U.S. government and U.S. companies towards Malaysia, as well as affect U.S companies' investment opportunities in Malaysia," Anwar said in a written reply to parliament on Tuesday. Anwar previously rejected Western pressure to condemn Hamas and said the U.S. had raised concerns with Malaysia regarding its stance on Palestine.

Persons: Anwar Ibrahim, Fumio, FAZRY ISMAIL, Anwar, Rozanna Latiff, Kanupriya Kapoor, Raju Gopalakrishnan Organizations: Malaysia, Japanese, REUTERS Acquire, U.S . House, Senate, Malaysian, Israel, Thomson Locations: Putrajaya, Malaysia, KUALA LUMPUR, U.S, Palestine, Israel

DBS, which is also Southeast Asia's largest lender, has already forecast a record full-year profit for the current year. "Net profit (for 2024) to be maintained around record 2023 level," CEO Piyush Gupta said in results presentation materials. The bank's July-September net profit rose to S$2.63 billion ($1.94 billion) from S$2.24 billion a year earlier as total income grew to a record on higher interest margins and fee income. Besides higher global interest rates, Singapore banks have benefitted from strong inflows of wealth drawn in by the city-state's political stability. Smaller peer United Overseas Bank (UOBH.SI) reported in end-October a weaker-than-expected 1% drop in third-quarter net profit.

Persons: Ann Wang, Piyush Gupta, Gupta, Yantoultra Ngui, Josie Kao Organizations: DBS, REUTERS, Bank, Q3 SINGAPORE, LSEG, United Overseas Bank, Chinese Banking Corp, Thomson Locations: Taipei, Taiwan, Singapore

☆ Jailed Malaysia ex-PM Najib discharged from hospital after testing negative for COVID-19 - spokesperson
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: 1 min

Former Malaysian Prime Minister Najib Razak speaks to journalists outside the Federal Court during a court break, in Putrajaya, Malaysia August 23, 2022. REUTERS/Lai Seng Sin/File Photo Acquire Licensing RightsKUALA LUMPUR, Nov 6 (Reuters) - Former Malaysian prime minister Najib Razak has been discharged from hospital and returned to prison after testing negative for COVID-19, a spokesperson said in a statement on Sunday. Najib, 70, is serving a 12-year prison sentence after being found guilty of graft and money laundering in a case related to a multibillion-dollar corruption scandal. He was admitted to hospital last week after testing positive for COVID-19. Reporting by Rozanna LatiffOur Standards: The Thomson Reuters Trust Principles.

Persons: Najib Razak, Lai Seng, Najib, Rozanna Organizations: Malaysian, REUTERS, Thomson Locations: Putrajaya, Malaysia, KUALA LUMPUR, Malaysian

☆ India rupee to rally after data reaffirms Fed done with rate hikes
▼ + stars: | 2023-11-06 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Nov 6 (Reuters) - The Indian rupee is expected to rise at open on Monday after softer-than-expected U.S. jobs data reinforced expectations that the Federal Reserve will not hike interest rates further. Non-deliverable forwards indicate the rupee will open at around 83.08-83.12 to the U.S. dollar compared with 83.2850 in the previous session. Asian currencies extended last week's advance after the dollar index slumped on Friday following data that indicated that the U.S. labor market was cooling. "Last week’s Fed meeting and latest data flow suggest the rate hike cycle is most likely over. "It's to be fully expected that the rupee will underperform in times when the dollar is under stress," the forex trader said.

Persons: Nimesh Vora, Mrigank Organizations: Federal Reserve, U.S, Reuters, Treasury, Fed, DBS Research, Korean, Malaysian, Reserve Bank of, Brent, Thomson Locations: MUMBAI

☆ Jailed former Malaysian PM Najib in hospital with COVID-19
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

Former Malaysian Prime Minister Najib Razak attends a news conference at the Federal Court in Putrajaya, Malaysia August 16, 2022. REUTERS/Hasnoor Hussain Acquire Licensing RightsKUALA LUMPUR, Nov 2 (Reuters) - Malaysia's jailed former prime minister Najib Razak has been admitted to a hospital after testing positive for COVID-19, his spokesperson said on Thursday. Najib, 70, is in stable condition and is undergoing quarantine and treatment at the hospital, his aide, Muhamad Mukhlis Maghribi, said. U.S. and Malaysian investigators estimate some $4.5 billion was stolen from 1MDB - co-founded by Najib during his first year as prime minister in 2009 - and that more than $1 billion went to accounts linked to Najib. Since then, Najib has been in and out of hospital for several issues, including stomach ulcers and high blood pressure.

Persons: Najib Razak, Hasnoor Hussain, Malaysia's, Najib, Muhamad Mukhlis Maghribi, Rozanna Latiff, Robert Birsel Organizations: Malaysian, Federal, REUTERS, 1Malaysia Development, Thomson Locations: Putrajaya, Malaysia, KUALA LUMPUR

☆ Japan's Mitsui to buy 12.7% stake in Axiata's digital and analytics unit
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Lim Huey Teng/File Photo Acquire Licensing RightsNov 2 (Reuters) - Japanese trading house Mitsui (8031.T) will take a 12.69% stake in Axiata Group's (AXIA.KL) digital and analytics unit, the Malaysian telecommunications conglomerate said on Thursday. Mitsui will invest $58 million in Axiata Digital & Analytics (ADA) through ADA's holding company, Axiata Digital Services. Mitsui's latest investment currently values the digital and analytics firm at $550 million. "Through this additional investment, Mitsui will provide ADA's marketing solutions and data analysis services to Mitsui's important partners and investees to help accelerate their marketing DX efforts," the Japanese firm said. Mitsui will also acquire an additional 16.7% stake in Axiata Digital Services, beefing it up to 20%.

Persons: Lim Huey Teng, Axiata, Rishav Chatterjee, Sonia Cheema Organizations: REUTERS, Mitsui, Axiata, Analytics, Axiata Digital Services, Thomson Locations: Kuala Lumpur, Malaysia, Malaysian, ADA's, Bengaluru

Federal Reserve Chair Jerome Powell speaks during a meeting of the Economic Club of New York in New York City, U.S., October 19, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 2 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The MSCI World equity index rose just over 1%, its best day since August while the Nasdaq jumped 1.6%, its fourth rise in a row, for its best day since August too. Malaysia's central bank is expected to keep its key interest rate at 3% and through 2024, despite a weakening ringgit, amid stable domestic inflation and a steady growth outlook. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jerome Powell, Brendan McDermid, Jamie McGeever, Wall, Jerome Powell's, Powell, Evergrande, Josie Kao Organizations: Economic, of New, REUTERS, Treasury, Bank of, Nikkei, Nasdaq, South, South Korea CPI, Thomson, Reuters Locations: of New York, New York City, U.S, Malaysian, Asia, Hong Kong, South Korea, July's, Malaysia, Australia

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