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TWENTY twenty was truly exceptional. What many envisioned as the year of transformation for Malaysia unfolded into an annus horribilis of economic contraction, exposed systemic issues and the vulnerable made more fragile by the Covid-19 pandemic.
NEW YORK: Global crude prices edged higher on Thursday but lost more than a fifth of their value in 2020, as lockdowns to combat the novel coronavirus depressed economic activity and sent oil markets reeling.
BANGKOK: The Bank of Thailand (BoT) has listed three concerns for economic recovery now that Thailand and other countries have been hit by a new surge in Covid-19 cases.
Brent crude oil prices likely to hover around US$45 to US$60 per barrel
NEW YORK Warren Buffett said on Tuesday the United States is fighting an "economic war, " and that Congress must step up quickly to help struggling small businesses that have become "collateral damage" in the coronavirus pandemic.
EUROPEAN Union governments signaled support on Monday for completing work on a long-sought agreement with China to open the Chinese market further to EU investors, bringing closer a major economic and political victory for both sides.
BANGKOK: A tug-of-war is building for Thailand’s baht as concern about the nation’s virus outbreak counters the support from its current-account surplus.
TOKYO: Japan’s industrial output growth stalled in November after rising for five months, underscoring the fragile nature of the global economic recovery due to a recent resurgence in Covid-19 infections.
NEW YORK: There’s a new champion in the battle for bragging rights atop the US$5.3 trillion exchange-traded fund industry, while a familiar laggard is seeing its slice of the US market shrink toward a record low.