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LONDON: US President-elect Joe Biden has been warned not to tinker with the dollar’s standing in world markets given the parlous state of the country’s finances - but his new Treasury chief may be equally advised against talking up the currency too much.
BEIJING: Commercial lenders must increase their loan loss provisions in advance and dispose of more non-performing loans to prevent further asset quality erosion due to the lingering effects of the Covid-19 epidemic, according to a senior central bank official.
CHINA's economic rebound gathered pace in October, cementing the nation’s status as the only major economy tipped to grow this year and as a pillar of support for a faltering global recovery.
KUALA LUMPUR: As the heavy toll from the Covid-19 pandemic continues, S&P Global Ratings expects 2021 to be even tougher for global banks as the recovery could be slow, uncertain and vary globally.
However, they are in a better shape to withstand stress compared with 2009
DUBAI: Saudi Aramco returned to the debt markets for the first time since April of last year, selling US$8bil of bonds to help fund the world’s biggest dividend
Organisations have traditionally leaned heavily on workers’ age and generation to differentiate talent strategies.
KUALA LUMPUR: Public Bank and Hong Leong Bank are top scorers for banks' defensiveness against credit risks under CGS-CIMB Equities Research's new scoring methodology.