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PETALING JAYA: Demand for electricity is expected to ease in the second quarter of the year with the implementation of the movement control order (MCO) and the sluggish economic activities foreseen thereafter due to the Covid-19 outbreak.
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) concurred with Bank Negara Malaysia’s (BNM) subdued outlook for the Malaysian economy in 2020. KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) concurred with Bank Negara Malaysia’s (BNM) subdued outlook for the Malaysian economy in 2020.
DUBAI: Saudi Basic Industries Inc (Sabic) expects earnings to come under further pressure this year from sluggish economic growth and an oversupply of petrochemicals. The shares fell.
JAKARTA: Indonesia had a nearly $15 billion revenue shortfall last year as slowing economic growth hit government finances and widened the budget deficit, officials said on Tuesday, with analysts warning of more difficulties this year.
BANGKOK: Thailand is set to end 2019 at the weakest pace of growth in five years and little to cheer about next year, as South-East Asia’s second-largest economy faces headwinds from global trade tensions, a surging baht and rising political risks.
HOUSTON: Oil prices plunged more than 2% on Tuesday to their lowest since the Sept. 14 attacks on Saudi Arabia's key oil facilities, after U.S. President Donald Trump rekindled fears the U.S.-China trade conflict that has crimped energy demand is far from over.
FRANKFURT: Over the past few weeks, European stocks have staged an unusually strong comeback versus their US peers. If the “Miracle at Medinah, ” Europe’s victory against the US in the Ryder Cup, is considered one of the best comebacks in sports history, something akin to it may be required for the European equity market’s outperformance to hold.Bear in mind that the S&P 500 didn’t drop as much as the Stoxx 600 in early August, and has beaten the European benchmark every year since 2015.
Investors seek assets that can hold their value in troubled times
LONDON: Emerging market policymakers slashed interest rates in August, taking their lead from major central banks including the U.S. Federal Reserve and the European Central Bank and joining in efforts to shore up their economies.