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HONG KONG, Jan 15, 2021 (AFP): Joe Biden's US$1.9 trillion stimulus proposal was met with a shrug in Asia Friday as observers said the massive spending spree had been largely factored into valuations, while profit-taking weighed on markets at the end of a broadly healthy week.
HONG KONG, Jan 15, 2021 (AFP): Joe Biden's US$1.9 trillion stimulus proposal was met with a shrug in Asia on Friday as observers said the massive spending spree had been largely factored into valuations, though optimism about the long-term economic outlook continued to provide support.
KUALA LUMPUR: Glove makers regained their footing early Friday after the recent bout of profit taking while Maybank and Public Bank weighed on the FBM KLCI.
NEW YORK: Oil prices edged higher on Thursday, boosted by a weak dollar and bullish signals from Chinese import data but pressured by renewed worries about global oil demand due to surging coronavirus cases in Europe and new lockdowns in China.
New York: President-elect Joe Biden will unveil a stimulus proposal on Thursday designed to jump-start the economy during the coronavirus pandemic and help minority communities with around US$1.9 trillion in aid.
NEW YORK: Wall Street closed lower on Thursday after making a u-turn toward the end of the session as reports emerged about U.S. President-elect Joe Biden's pandemic aid proposal following earlier data that showed a weakening labor market
TOKYO: Bank of Japan governor Haruhiko Kuroda yesterday reaffirmed the bank’s readiness to expand monetary stimulus if the coronavirus pandemic threatened to derail a fragile economic recovery.
PETALING JAYA: Consumer groups have urged the government to revisit its criteria on what kind of business services can open during the movement control order period given the inconsistent interpretation as to what constitutes “essential services”.