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S&P Global’s revision not expected to lead to capital outflows
KUALA LUMPUR: IHH Healthcare Bhd posted a weaker first quarter results as patients due to impairments.
KUALA LUMPUR: AMMB Holdings Bhd posted net profit of RM1.34bil for FY ended March 31,2020, down by 10.9% from RM1.50bil a year ago due to a net impairment charge after taking pre-emptive macro provision in the final quarter due to the Covid-19 pandemic.
KUALA LUMPUR: A surge in new Covid-19 infections forced key Asian markets to retreat further at midday on Monday, including Bursa Malaysia, which was also impacted by a downgrade in its outlook by S&P Global Ratings.
BEIJING (Xinhua): China's central bank on Sunday (June 28) vowed stronger macro-economic policy adjustment as well as better fiscal, monetary, and employment policy coordination and implementation to counter the impact of Covid-19 on economic growth.
KUALA LUMPUR: The ringgit opened lower against the US dollar in early Monday trade as the greenback remained strong as a safe-haven currency amid fears of a second wave of Covid-19.
NEW YORK: Upcoming US economic data and deadlines for renewing some fiscal stimulus measures in July could prove key tests for an equities rebound that has wavered in recent weeks.
JAKARTA: Indonesia’s central bank is ready to further finance the government’s budget deficit and “share the burden” of fighting the coronavirus outbreak, the bank’s chief told an online seminar on Saturday.
HONG KONG, June 28 (Xinhua): International credit rating agency Standard & Poor's (S&P) has affirmed its AA+/A-1+ issuer credit ratings on Hong Kong and maintained the outlook as stable.