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KUALA LUMPUR: CGS-CIMB Equities Research remains positive on Sime Darby Property (SDP) and is maintaining its target price (TP) of 85 sen due to its solid balance sheet and strategic land bank.
SYDNEY: Australia’s big banks will be allowed to pay shareholder dividends this year, albeit at a reduced level, the prudential regulator said yesterday.
LONDON: Aritra Chakravarty, founder of London-based online accounts and investments provider Dozens, admits it’s a tough time to be seeking up to £15mil (US$19mil) for a startup.
SINGAPORE: Singapore’s central bank has asked locally incorporated lenders to cap their 2020 dividends at 60% of last year’s levels, to ensure a sufficient flow of loans as they confront the downturn triggered by the pandemic.
WASHINGTON: The surge in U.S. coronavirus cases is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, and he promised the U.S. central bank would "do what we can, and for as long as it takes," to limit damage and boost growth
NEW DELHI: Indian families, sitting on the world’s biggest private stash of gold, are rushing to borrow against their jewelry as the precious metal rallies to records and the coronavirus pandemic fuels an economic downturn. Now, financial firms and banks are using that demand to lure more customers from pawnbrokers and money lenders.
PETALING JAYA: Shares in Poh Kong Holdings Bhd and Tomei Consolidated Bhd hit limit up after jumping more than 30%, as gold prices hit a fresh record high of US$2,000 per ounce.
THE true financial cost of Covid-19 is something India would rather not acknowledge, let alone bear – at least not until the pandemic has played ou