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NEW YORK:Oil prices fell on Friday and were on track for a fourth straight weekly loss on mounting worries about economic damage from the coronavirus that has spread from China to around 20 countries, killing more than 200 people.
NEW YORK: Global equity markets posted their biggest weekly and monthly loss since August on Friday as growing concerns about the economic impact of the coronavirus outbreak in China sapped risk appetite and lifted the safe-haven Japanese yen and Swiss franc.
PETALING JAYA: Tobacco companies are aggressively strategising to compete in a tough market environment in the wake of thinning margins, influx of illicit cigarettes and rapid growth of the illegal vaping segment.
WILL the green shoots of stabilisation wilt in the wake of growing concerns over the spread of the China coronavirus?
KUALA LUMPUR: UOB Global Economics and Markets Research is cautiously optimistic about the outlook for Malaysia as some early signs of a turnaround have emerged despite concerns of waning growth momentum and persistent downside risks.
BENGALURU: European shares retreated from recent peaks on Monday as investors paused before launching into a week packed with economic data and the European Central Bank's first policy meeting of the year. Wall Street was closed.
PETALING JAYA: The Malaysian economy is expected to have an upbeat outlook this year after the Purchasing Managers' Index (PMI) hit 50.0 points in December, the highest in 15 months, says Lim Guan Eng.
KUALA LUMPUR: MIDF Research forecasts a higher industrial production index (IPI) growth of 2.9% for 2020, compared to 2.4% for 2019.
The dollar appreciated 0.63% to 97.45 largely driven by resilient economic data which includes December’s The Institute of Supply Management (ISM) non-manufacturing purchasing managers’ index (PMI) coming in better than expected, accelerating to a four-month high of 55.0 from 53.9 in November (cons: 54.5) supported by higher production and inventories, and rising optimism over a potential trade resolution.
PETALING JAYA: A weaker external trade performance and softer domestic demand growth will be among the main drags on the economy this year as Malaysian Rating Corp (MARC) sees gross domestic product (GDP) growing at 4.3%.