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WITH stocks on Wall Street at the extremes of 2000, the start of the dotcom crash, will improved prospects for the global economy give the extra spur to markets?
KUALA LUMPUR: The ringgit opened marginally lower as market participants stayed on the sidelines amid positive developments surrounding the signing of US-China ‘Phase One’ trade deal and the U.S Senate’s approval of a new trade deal between the country and its North American neighbours, Mexico and Canada.
NEW YORK: The S&P 500 rallied through the 3,300 mark for the first time on Thursday and the other main U.S. indexes also surged to record highs, fueled by tech stocks, solid retail sales data and upbeat quarterly earnings from Morgan Stanley.
WASHINGTON: The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world's two largest economies but leaving a number of sore spots unresolved.
NEW YORK: Citigroup Inc beat analysts' estimates for fourth-quarter profits on Tuesday, boosted by growth in its credit card business and a jump in trading revenue.
NEW YORK: JPMorgan Chase & Co posted its biggest-ever annual profit on Tuesday as its bond trading business bounced back in the last three months of the year, setting an upbeat tone for the big U.S. banks reporting this week.
NEW YORK: Oil prices rose and a gauge of global equity markets hit a new high on Tuesday as investors awaited a China-U.S. trade deal they hope will spur world growth after the economy in 2019 saw its weakest year since the financial crisis.
MUMBAI: Just two years ago, Prime Minister Narendra Modi was helming an economy expanding 8%, spurring optimism that India was on a path to become a major global growth driver.
MUMBAI: Just two years ago, Prime Minister Narendra Modi was helming an economy expanding 8%, spurring optimism India was on a path to become a major global growth driver.
The Malaysian economy has withstood headwinds to grow by 4.6% in the first nine months of 2019 despite facing many disruptors and uncertainties, particularly a prolonged trade conflicts between the United States and China which had inflicted damage on global economy and trade since 2018.