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PETALING JAYA: The global oil market continues to reel from the slowing economic activity caused by the coronavirus (Covid-19) outbreak. Meanwhile, gold prices soared to a seven-year high: a clear indication that investors are looking for safe-haven assets.
A RETIRED army sergeant was honoured for risking his life to save a woman involved in a road accident.
PETALING JAYA: After a brutal trading day on Monday that wiped out RM44bil from the Main and ACE markets, Bursa Malaysia staged a technical rebound on Tuesday amid the country’s continuing political stalemate.
KUALA LUMPUR (Bernama) Prestariang Bhd is selling its boutique university which is owned and operated by its unit, Prestariang Education Sdn Bhd, to Serba Dinamik Group Bhd (SDGB) for RM2.5mil.
SHANGHAI: Twenty-one foreign investment projects were signed Tuesday (Feb 25) in Shanghai's Pudong New Area, with a total contract value of over 1.7 billion U.S. dollars, according to the local authority.
JAKARTA (The Jakarta Post/ANN): Finance Minister Sri Mulyani Indrawati hopes to get Saudi Arabia on board to invest more in Indonesia, particularly through the planned sovereign wealth fund that is to be channelled for projects intended to aid the country’s development.
SHANGHAI (Xinhua): Shanghai's Pudong New Area has introduced a series of supportive policies, including rent reduction and exemption to help companies resume production and reduce the fallout from the coronavirus outbreak, according to local authorities.
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar on buying support today after yesterday’s downtrend amid a possible realignment of the country’s political forces and the ongoing COVID-19 outbreak.
KUALA LUMPUR: AmBank Research expects volatility on Bursa Malaysia to remain strong driven by the global spread of the Covid-19 coronavirus and the collapse of the Pakatan Harapan (PH) government.
NEW YORK: Stocks across the globe fell by the most since mid-2016 on Monday and oil prices tumbled as a jump in coronavirus cases outside of China drove investors to the perceived safety of gold and government bonds on fears of the impact on the global economy.