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HONG KONG: Hong Kong's flagship English-language newspaper, the South China Morning Post, owned by Alibaba Group Holding Ltd, will cut senior management pay and ask staff to take unpaid leave for three weeks, a staff letter obtained by Reuters showed.
WASHINGTON: The head of the Federal Reserve on Wednesday dashed lingering hopes for a fast rebound from the coronavirus pandemic, saying the U.S. economy could feel the weight of consumer fear and social distancing for a year or more in a prolonged climb from a deepening hole.
Moscow: Russian oil giant Rosneft, run by a close ally of president Vladimir Putin, is wielding growing influence over Russia’s remaining independent media outlets, already squeezed by tightening press freedoms and pressure from the Kremlin.
WASHINGTON: The United States is expected to designate at least four additional state-run Chinese media outlets as foreign embassies, increasing restrictions on their operations on American soil, three people familiar with the matter said on Wednesday.
PETALING JAYA: The much-awaited results of Top Glove Corp Bhd, which has anchored a three-month fantastic run on all healthcare and glove companies, did not spring any surprises.
ROME: AstraZeneca Plc has signed a contract with European governments to supply the region with its potential vaccine against the coronavirus, the British drugmaker's latest deal to pledge its drug to help combat the pandemic.
IN the late 1990s, when the first dotcom boom was on the cusp of becoming the dotcom bust, a Malaysian deputy minister came out with a brilliant, albeit grammatically-challenged, observation.
PETALING JAYA: RHB Bank Bhd does not expect another overnight policy rate (OPR) cut this year, and says it sees signs of business recovery.
PETALING JAYA: CIMB Group Holdings Bhd expects the second half of 2020 to remain challenging and loan loss provisions to remain elevated.
LONDON: If fund managers are serious about clean investments, they need to get their hands dirty.