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A letter from PROFESSOR DATUK DR AHMAD IBRAHIM, Fellow, Academy of Sciences Malaysia.
NEW YORK: The highest volatility in a decade has trounced carry traders and is pushing a momentum-based approach to the fore.
From WAN YA SHIN.
SYDNEY: Asian markets skidded again on Tuesday after Wall Street suffered its biggest one-day loss since the 2008 financial crisis, but the selling was restrained by hopes for coordinated policy action to quell the panic.
Beijing: The outbreak of the coronavirus and China’s efforts to stop its spread mean economists are again revising their estimates for output this quarter, with the median forecast for year-on-year growth to be 4.0%, the weakest in 30 years.
WASHINGTON/NEW YORK (Reuters) - Older Americans, especially those with chronic medical concerns, should probably avoid big social gatherings and airline flights, given the rapid spread of coronavirus, a top U.S. health official said on Sunday, as investors braced for another volatile week in financial markets.
LONDON/BEIJING: Bill Winters, group chief executive of Standard Chartered Bank (SCB), said he has firm confidence in the resilience of the Chinese economy despite the Covid-19 (coronavirus) outbreak and the bank remains unwavering in investing in China's increasingly open capital markets.
BEIJING: In any normal year, China’s political class would be convening around now inside Beijing’s Great Hall of the People to rubber-stamp the year’s targets for economic growth and the policies to make it happen. Instead, the Chinese capital is hushed. Large gatherings are called off as the nation and the rest of the world grapple with the Covid-19 (coronavirus) outbreak.
NEW YORK: Yields on U.S. Treasuries plunged to historic lows on Friday as fear the coronavirus outbreak will slam the global economy drove investors to snap up risk-adverse assets and dump equities, overshadowing data highlighting a strong U.S. labor market.