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South China Morning Post Business48d05/25

Hong Kong banks replace burnt cash from residents of fire-ravaged Wang Fuk Court

Hong Kong’s note-issuing banks are replacing burnt cash for Wang Fuk Court residents, following emergency measures introduced by the city’s Monetary Authority and lenders to support those affected by last November’s devastating fire at the Tai Po estate. The extent of the residents’ financial losses came into the spotlight as they returned to the site to collect their belongings during a 15-day government operation that wrapped up earlier this month. When residents visited Wang Tai House, one of

◇ unclassifiedchina · asia · uk
South China Morning Post Business48d05/25

3 killed in Malaysia after lifeboat falls into sea from Petronas floating vessel

Three people ⁠were killed ⁠and one was ⁠injured in an accident during lifeboat maintenance work at a floating storage and offloading (FSO) vessel operated by Malaysian state energy ‌firm Petronas on Sunday, the firm said. Petronas, or Petroliam Nasional Berhad, said in a statement on Monday the incident occurred around 12.50pm at FSO Sepat off Terengganu state on the east coast of Peninsular Malaysia. Three ‌workers were pronounced dead on arrival at the hospital, while the injured ‌staff member

◇ unclassifiedchina · asia
South China Morning Post Business48d05/25

Why Trump’s draft peace pact with Iran threatens Netanyahu’s Middle East plans

For decades, Israeli Prime Minister Benjamin Netanyahu has preached a mantra of peace and stability in the Middle East through the destruction of Iran’s Islamic Republic. The obliteration of the ayatollahs, he prophesied, would lead to the normalisation of relations between Israel and the wider Arab-Islamic world – with Israel emerging as the Middle East’s dominant power and indispensable security provider. But on Saturday, Netanyahu’s dreams looked set to be dashed, after US President Donald...

◇ unclassifiedchina · asia · usa
Reddit r/investing48d05/25

Question about The Big Short

In the movie The Big Short, Michael Burry buys CDS against the housing market, betting against a market which historically has done very well. Okay, fine. But 1. The movie acts like Michael Burry invented the CDS, which... No he didn't, and 2. Because he was the first to do so he has to pay very high premiums. If Burry is betting against AAA MBS, shouldn't his premiums be low, not high? Also, the movie acts like for Burry to be right, the defaults have to occur. But being long CDS generates prof

Social◇ unclassifiedsocial-signal
Reddit r/investing48d05/25⚠ coups-regime · 1/5

How many times does Robinhood or plaid log into your bank

I’ve only started investing a week ago at first I just linked my debit card but a couple days ago I linked my bank account and I’ve been getting notifications about someone logging in obviously nothing has changed In my account but I searched the IP up and it said it was a ipv4 for Amazon but I don’t even got my info on Amazon so I’m confused submitted by /u/xLordTommyy [link] [comments]

Social◇ unclassifiedsocial-signal
South China Morning Post Business48d05/25⚠ war-conflict · 3/5

Badly behaving visitors push Thailand to remove 60-day visa entry

Each morning, people in Thailand wake up to the latest viral videos on social media of drunken punch-ups, thefts, scams or acts of public indecency committed by some foreign tourists. After months of warnings, Thailand on May 19 announced the cancellation of its 60-day visa-free entry rules for 93 countries and territories in a bid to curb crime, antisocial behaviour and abuse of the visa privilege by a portion of the tens of millions of tourists who have visited the kingdom annually. Visitors..

◇ unclassifiedchina · asia
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