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SYDNEY/HONG KONG: Asian shares sank on Monday as a rising tide of national lockdowns threatened to overwhelm policymakers' frantic efforts to cushion what is likely to be a deep global recession.
SYDNEY: Asian shares slid on Monday as more countries all but shut down in the fight against the coronavirus, threatening to overwhelm policymakers' frantic efforts to cushion what is clear to be a deep global recession.
Warnings of an imminent global recession have been ringing louder than before. With key economic data worldwide continuing to disappoint amid the novel coronavirus (Covid-19) outbreak, experts say the worst is yet to come.
PETALING JAYA: Moody’s Investors Service has revised downwards its gross domestic product (GDP) growth forecast for Malaysia to 3.0% in 2020, and 4.7% in 2021, in view of current risks.
BEIJING: One of the only shelters from the volatility convulsing global equities is looking increasingly vulnerable.
WASHINGTON (Reuters) - The White House on Sunday urged Americans against "hoarding" as thousands flocked to supermarkets to stock up on essentials, saying U.S. supply chains were strong and federal and local leaders were working together to ensure food supplies are available.
GEORGE TOWN: Despite the outbreak of the Covid-19 coronavirus, CAB Cakaran Corp Bhd’s joint-venture integrated poultry project with Salim Group in Indonesia has started its construction work.
WHILE global markets are still reeling from the spread of the novel coronavirus (Covid-19), the collapse in the oil price was like a kick in the teeth for Malaysia and the world.
WASHINGTON (Reuters) - The International Monetary Fund on Thursday urged countries to work together in responding to the rapidly spreading coronavirus outbreak, and called for more donations to help the poorest countries deal with the escalating pandemic.