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BENGALURU: The Federal Reserve struck the right tone in its first pandemic-era economic outlook, suggesting years of extraordinary policy support for an economy facing a slow and long slog back, according to a majority of economists in a Reuters poll
PETALING JAYA: Known as the oldest bank to have a continuous presence in Malaysia, Standard Chartered Bank Malaysia Bhd has shown its commitment to the country by donating to the Star Frontliners Initiative.
This comes as US Fed pledges to keep interest rates near zero
JAKARTA: Indonesia's trade balance likely turned positive in May, with falls in exports and imports probably deepening as the coronavirus pandemic depressed global demand, a Reuters poll showed on Friday.
SINGAPORE (The Straits Times/ANN): Two former employees of a crude oil products supplier appeared in a district court on Friday (June 12) over their alleged links to a cheating case involving more than US$340 million (S$470 million) in loans.
PETALING JAYA: Malaysia will see a dip in total approved foreign investments this year and it will not match the RM207.9bil achieved in 2019 due to the Covid-19 pandemic.
US Secretary of State Michael Pompeo criticized HSBC Holdings Plc for backing China’s move to impose national security legislation in Hong Kong, underscoring the increasing political pressures on multinationals dependent on the former British colony.
HONG KONG (China Daily/ANN): Hong Kong police arrested 53 people during protests on Tuesday (June 9) evening that saw hundreds of activists take to the streets, at times blocking roads in the heart of the global financial hub, before police fired pepper spray to disperse crowds.
HONG KONG: Banks including HSBC, Standard Chartered and Citigroup have seen a spike in enquiries from Hong Kong residents about opening offshore accounts amid concerns stemming from China's decision to impose a national security law on the city, five people said.
LONDON: The world’s governments and central banks are shifting from rescue to recovery mode as the deepest slump since the Great Depression shows signs of bottoming out