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RIGA (Latvia): Many Latvians got a shock this summer when they were informed their bank accounts risked being blocked if they didn’t hand over details of their citizenship, financial plans and any ties to high-level politics.
NEW YORK: US stocks started the month in the red on Wednesday as falling oil prices and weak factory data from China reduced the chances of a rate hike this month, dragging on financial stocks.
NEW YORK: US stocks dropped on Wednesday as feeble quarterly reports from Walt Disney, Macy’s and Fossil reverberated across the consumer sector.
PUTRAJAYA: The residential property sub-sector is expected to experience further softening in 2016 in view of the various internal and external uncertainties, while issues on affordable housing and affordability of home purchasers will continue to top the national agenda this year, according to Deputy Finance Minister Datuk Chua Tee Yong.
LONDON/MILAN: European shares steadied on Monday after a weak open, with oil stocks weighing on the market as crude prices tumbled after a meeting by major exporters in Doha collapsed without a deal to freeze output.
NEW YORK: Wall Street extended a sharp selloff in afternoon trading on Friday after data showing the US unemployment rate had hit an eight-year low in January revived the prospect of a Fed rate hike this year, and tech stocks sold off heavily following weak forecasts.
LONDON: The rising threat of war between Ukraine and Russia spooked markets and sent investors scurrying for relative safety on Monday, pushing stocks down sharply and lifting gold to a four-month high.
PETALING JAYA: An alarmingly high percentage of Malaysian businesses, including a significant number of listed companies on Bursa Malaysia, see bribery and corruption as an “inevitable cost of doing business”, a survey by KPMG Malaysia revealed.