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TOKYO: Japan’s economy sank deeper into its worst postwar contraction in the second quarter as the coronavirus jolted businesses more than initially thought, underscoring the daunting task the new prime minister faces in averting a steeper recession.
PETALING JAYA: The revival of infrastructure projects such as the Mass Rapid Transit Line 3 (MRT3) and the KL-Singapore High Speed Rail (HSR), should they happen soon, could provide a ray of light amid the gloomy outlook for the construction sector.
PETALING JAYA: Malaysian government bonds, which are among the higher-yielding ones in the region, will continue to attract foreign interest in the medium term.
GRAN CANARIA, Spain (Reuters) - A group of migrants being held at a dockside camp on the Spanish island of Gran Canaria chanted "freedom" on Tuesday as they tried to force open a police fence and the coast guard brought in more people rescued from boats on the Atlantic sea.
PRETORIA: South African economic output shrank by 51.0% in the second quarter of 2020, its fourth quarterly contraction in a row, as a strict lockdown to curb the coronavirus pandemic shut down most activity, data showed on Tuesday.
SHANGHAI: China stocks closed higher on Tuesday, supported by heavyweight financials firms as investors sought opportunities in cheap shares, though persistent Sino-U.S. tensions weighed on the market.
YANGON (Reuters) - Myanmar leader Aung San Suu Kyi launched her re-election bid on Tuesday ahead of polls set for November, vowing victory at a scaled-down ceremony in the capital after her original plans were scuppered by a surge in coronavirus cases.
SHANGHAI: The anticipated inclusion of Chinese government bonds in a major global index could draw an additional $140 billion into Chinese bonds, Goldman Sachs estimates, potentially offering a further boost to the yuan as China opens its capital markets.
HOUSTON: Ill-timed bets on rising demand have Exxon Mobil Corp facing a shortfall of about $48 billion through 2021, according to a Reuters tally and Wall Street estimates, a situation that will require the top U.S. oil company to make deep cuts to its staff and projects.
KUALA LUMPUR: HSBC Amanah Malaysia Bhd is using artificial intelligence (AI) as a method in equity investing with the launch of the AI powered US Equity 5 Index (AiPEX5) suite of structured products in the country.