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China abandons numerical GDP target on ‘great uncertainty’
BEIJING: China has abandoned its usual practice of setting a numerical target for economic growth this year due to the turmoil caused by the coronavirus pandemic, according to the text of Premier Li Keqiang’s annual policy address on Friday.
Australia slashes costs of COVID-19 job subsidy to $46 billion
SYDNEY (Reuters) - Australia on Friday halved the number of people expected to be covered by its coronavirus wage subsidy scheme due to reporting errors and after swiftly controlling the outbreak, a revision that will save the government around A$60 billion ($39 billion).
Foreign bond selling down sharply in April
PETALING JAYA: Foreign holdings of Malaysian bonds declined by RM2bil in April, but this was sharply lower than the RM12.3bil in March, RAM Ratings said.
Foreign selling of bonds down sharply in April, RAM says
KUALA LUMPUR: Foreign holdings of Malaysian bonds declined by RM2bil in April but this was sharply lower than the RM12.3bil in March, RAM Ratings said.
Small oil palm farmers face survival crisis in risk to future output
KUALA LUMPUR: When Shell engineer Incham Serdin quit his job four years ago to start a small palm plantation in his native Malaysia, prices of the fleshy fruit bunches used to make the world's most-consumed vegetable oil were bubbling near their peak
Stocks rally on renewed recovery hopes
NEW YORK: A gauge of global equities broke out of a three-week trading range on Wednesday as investors bet on a rapid recovery from the coronavirus-induced recession.
EU plans to halve pesticide use, expand organic farming
BRUSSELS (Reuters) - The European Commission said on Wednesday it planned to increase organic farming and cut agricultural chemical use to protect the environment, proposals welcomed by green groups but which farmers said would make them less flexible.
US stocks slip after vaccine-fuelled rally
NEW YORK: The euro and European government debt rallied on Tuesday, lifted by a Franco-German proposal to fund grants for regions hit hardest by the coronavirus pandemic, while oil traded mostly higher on growing demand as countries eased business lockdowns.