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BEIJING: Monetary policy is less effective in stimulating China’s growth as its economy faces a significant increase in downward pressure, a senior central bank researcher said.
NEW YORK: When it comes to Brexit, Columbia Threadneedle’s Ed Al-Hussainy sees no way to trade Theresa May’s quandary. So he’s focusing on Mark Carney’s.
KOSSAN RUBBER INDUSTRIES BHD: HAVING ramped up activities at Plant 16, coupled with strong demand, Kossan’s net profit for the third quarter of financial year 2018 increased 25% quarter-on-quarter (q-o-q) to RM54mil.
PETALING JAYA: Top Glove Corp Bhd is the best-performing constituent of the iEdge SG All Healthcare Index, with a 41.4% return on a year-to-date basis.
PETALING JAYA: Oil palm planters, particularly companies which comply with tighter sustainability standards of the Roundtable on Sustainable Palm Oil (RSPO), will have better support in their credit profile ratings, according Moody’s Investors Service.
WASHINGTON: U.S. homebuilding rose in October amid a rebound in multi-family housing projects, but construction of single-family homes fell for a second straight month, suggesting the housing market remained mired in weakness as mortgage rates march higher.
LONDON: Companies began triggering plans to keep operating if Britain leaves the European Union without an agreement, a "no deal" scenario the Bank of England said could plunge the economy into a crisis not seen since the 1970s.
NEW YORK: Oil prices tumbled more than 6 percent on Tuesday in heavy trading volume, with U.S. crude diving to its lowest level in more than a year, caught in a broader Wall Street selloff fed by mounting concerns about a slowdown in global economic growth.
NEW YORK: U.S. stocks sold off for a second day on Tuesday as energy shares dropped with oil prices, and retailers including Target and Kohl's sank after weak earnings and forecasts, fueling worries about economic growth.