✨ 1-14 Mar 2022 Megathread | Value Investing Substack NEWS
(Almost) Everything that Happened in Stock Markets in the 1st two weeks of March 2022
Hi guys, sorry for going MIA for the past two weeks as I was down with “you-know-what”. This is a recap of market news over the past two weeks - daily market news shall resume according to schedule going forward.
HIGHLIGHTS
LINKS
(All links are in reverse chronological order)
Stock Markets:
USA & Eurozone:
Berkshire Hathaway nominates Wally Weitz to fill open board seat
Hedge Fund Fir Tree Bets Big With Short of Stablecoin Tether
McDonald's says restaurant closures in Russia will cost the chain $50 million a month
Family of Late Berkshire Billionaire Walter Scott Jr. Retains $7.5 Billion Stake
Berkshire rejects shareholder call to replace Warren Buffett as chairman
Steve Cohen’s Point72 to reportedly redeem $750 million from Melvin Capital
Aravt Global Shutting Down as Hedge Funds Get Hit by Unraveling of ‘Growth Trade’
Leftovers are key ingredient in food and drinks plans to ‘upcycle’
Icahn reportedly sells off Occidental Petroleum stake after almost 3 years
Berkshire Hathaway reveals $5 billion stake in oil giant Occidental Petroleum
Blackstone's Schwarzman Collects $1.1 Billion in Dividends, Pay
Intel CEO, chairman buy shares as stock sits near 52-week low
Asia-Pacific:
NagaWorld Protests Finally Attract Senior Officials’ Attention (Cambodia - Gambling )
Malaysia’s RHL Sees Assets Tripling in 5 Years on New Fund | Bloomberg (Malaysia - Private Equity)
Capital A can’t get RM500m Danajamin loan as company not agreeable to condition that founders be guarantors (Malaysia - Airlines)
Innature, Can It Stay Ahead? (Malaysia - Retail)
Chinese Tycoon Behind Big Nickel Short Faces Billions in Losses (Commodities)
Southeast Asia Shows the High Cost of Fast Growth (ASEAN - Tech)
Airasia Super App teams up with CGS-CIMB to add share trading feature (Malaysia - Airlines)
How a Malaysian Utility Is Trying to Stop Illegal Bitcoin Mining (Malaysia - Utilities)
Current Sea Limited Sell-Off a Buying Opportunity: Barclays (ASEAN - E-commerce)
Alibaba Has a Much Bigger Problem Than the Tech Crackdown (China - Tech)
Berjaya Corp turns profitable in 2QFY22 after six consecutive quarters of losses, boosted by divestment gain (Malaysia - Consumer)
Capital A posts smaller 4Q net loss, sees first positive net operating cash flow since pandemic (Malaysia - Airlines)
Macro
USA & Eurozone:
Democrats Target Oil Companies With Plan to Tax Windfall Profits
Getting hotter: US inflation hits fresh 40-year high of 7.9%
John Bercow: Former Speaker banned from parliament for life after bullying inquiry finds him guilty
Asia-Pacific
Son pulls out as investor for Indonesia’s new capital (Indonesia)
Investors Punished by Selloff Find Rare Haven in Malaysia Assets | Bloomberg (Malaysia)
Taiwan hit by widespread blackout (Taiwan)
I won’t defend Langkawi seat in next polls, says Dr M (Malaysia)
Malaysia's borders to reopen soon — PM (Malaysia)
BNM keeps OPR at record low of 1.75% as Russia-Ukraine conflict emerges as key risk (Malaysia)
MACC clears Muhyiddin, Umno’s Tajuddin of corruption and abuse of power allegations (Malaysia)