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LONDON: World stock markets made a super-charged sprint towards an 11% weekly gain on Friday - their second best of all time - after President Donald Trump laid out plans to gradually reopen the coronavirus-hit U.S. economy following similar moves elsewhere.
PETALING JAYA: Despite the difficult market environment predominantly from the Covid-19 pandemic alongside uncertainties around the Middle East and US presidential elections, Schroders’ deputy head of multi-asset product, North Asia Ricky Tang is still optimistic about risky assets such as equities and credits.
WASHINGTON DC: The International Monetary Fund (IMF) wants policy makers to avoid repeating the Depression-era mistake of ratcheting back budget deficits. Instead, it’s urging them to ramp up fiscal stimulus when the coronavirus contagion starts to abate
SINGAPORE: Singapore will unveil additional support for businesses and households today, less than two weeks after announcing a S$48bil (RM145.4bil) stimulus package to buffer the impact of the coronavirus (Covid-19).
INTERESTING movements have been taking place at Cahya Mata Sarawak Bhd (CMS) in recent times.
WASHINGTON: U.S. House Speaker Nancy Pelosi said she expected the chamber to pass an estimated $2.2 trillion coronavirus relief bill when it meets on Friday, after the Senate overwhelmingly approved the unprecedented economic rescue legislation on Wednesday evening.
WASHINGTON: A far-reaching coronavirus economic stimulus package remained stalled in the U.S. Senate on Monday as Democrats said it contained too little money for states and hospitals and not enough restrictions on a fund to help big businesses.
MAJOR stockbrokers have yet to press the force selling button, which may affect as low as 20 companies and the tally may go up to 30 companies.
WASHINGTON/NEW YORK: The Trump administration on Tuesday pursued a massive $850 billion stimulus package to buttress a U.S. economy reeling from the coronavirus threat, while the streets of major American cities emptied in response to stepped-up warnings about the pandemic.