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IMF: Global economy facing serious downside risks

PETALING JAYA: The International Monetary Fund (IMF) sees severe downside risks for the global economy arising from trade tensions, debt accumulation and uncertain financial conditions.

IMF chief Christine Lagarde: "The International Monetary Fund (IMF) sees severe downside risks for the global economy arising from trade tensions, debt accumulation and uncertain financial conditions."

A shade of things to come

THE recent announcement allowing car owners to tint their rear windshield and rear passenger windows as dark as they want has brought a lift to car services shops. Many of them are already seeing increased orders.

Consumer engagement key to e-commerce growth

DEVELOPMENTS in digital technology and a higher penetration of smartphones are enabling merchants to better engage their customers. This will give them a greater opportunity to build brand loyalty.

Malaysian palm oil price down as traders square positions

KUALA LUMPUR: Malaysian palm oil futures dipped on Friday as traders squared positions after the contract failed to breach a target price, reversing gains made earlier when it tracked strength in U.S. soyoil.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange slipped towards the end of the session to close 0.05% lower at 2,022 ringgit ($487.46) per tonne.  It was up 0.6% for the week, its first weekly gain in three.

Bang-up week on Wall Street ends with a whimper

NEW YORK: Wall Street edged lower on Friday, as U.S. Vice President Mike Pence's decision to defer a speech on China policy increased optimism on upcoming trade talks between Washington and Beijing, while tensions between the United States and Iran undercut sentiment. The S&P 500 briefly hit a record high.

The Dow Jones Industrial Average dipped 0.13% to end at 26,719.13 points, while the S&P 500 lost 0.13% to 2,950.46. The Nasdaq Composite dropped 0.24% to 8,031.71.

Markets don’t die from old age alone

WITH the global economy enjoying uninterrupted growth for the last 10 years, there is an increasing view that a recession is around the corner. The view is getting louder by the day.





McDonald: You have to be very careful when you get out of the market because you have to make sure when you need to get back in.

Apex gets green light

THIS week’s outcome of Apex Equity Holdings Bhd’s EGM has put the stockbroking company one step closer to ending a tussle that began back in 2017.