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NEW YORK: Asian shares opened weaker on Tuesday on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit funds hurt global banking stocks.
KUALA LUMPUR: New volume-driven launches in Malaysia's automotive sector in the final quarter of the year could offset cautious consumer sentiment from the ending of the loan moratorium on Sept 30, says Kenanga Investment Bank Research.
NEW YORK,:Oil prices plunged about 5% on Monday, weakening as rising coronavirus cases stoked worries about global demand, and a potential return of Libyan production bolstered oversupply fears.
NEW YORK: Stocks across the world hit their lowest in seven weeks and other risk assets also sold off on Monday on concerns over renewed lockdown measures in Europe and Britain, as well as the United States' inability to agree on fiscal stimulus that would support millions of unemployed.
KUALA LUMPUR: Foreign funds have offloaded RM558.4mil net of local equities on Bursa Malaysia during the Sept 14-19 period against RM71.2mil net acquired during the previous period of Sept 7-12.
JAKARTA: Finance Minister Sri Mulyani (pic) has said that the country’s economic recovery from the Covid-19 pandemic will depend on the fiscal stimulus package and on economic reforms brought about by the omnibus bills.
LONDON: Britain is at a critical point in the COVID-19 pandemic and faces a very challenging winter, one of the government's top medical advisers will warn at a public briefing on Monday.
Country banks on cash handouts to pandemic-hit citizens
SINGAPORE: Singapore Airlines Ltd pilots have agreed to further pay cuts to remain in employment, the carrier said.