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HONG KONG/SHANGHAI: FTSE Russell is keeping China on a watchlist for entering its flagship World Government Bond Index (WGBI) and will continue to monitor Malaysia for a possible downgrade, the index provider said in a statement late Thursday.
Global coronavirus cases surpassed 1 million on Thursday with more than 52,000 deaths as the pandemic further exploded in the United States and the death toll climbed in Spain and Italy, according to a Reuters tally of official data.
NEW YORK: The Federal Reserve is trying to call time on a fire sale of Treasuries by foreign governments and central banks.
BEIJING: China is moving forward with plans to buy up oil for its emergency reserves after an epic price crash, according to people with knowledge of the matter.
SHANGHAI: Vanguard Group and Ant Financial’s joint venture is rolling out a new robo adviser to target the Chinese fintech giant’s 900 million users, a first step in winning a slice of the nation’s fast growing asset management business.
NEW YORK: The cost of hauling oil from the US to China has skyrocketed to nearly US$10 a barrel - almost half of what the American benchmark crude is currently valued at - as the price war spurs a rush for ships.
PETALING JAYA: Kinsteel Bhd has proposed to form a joint venture (JV) in which it will own 45% with a China partner Tianjin Qiangbang Industrial Co Ltd (TQI) to operate a steel plant in Gurun, Kedah.
TOKYO: SoftBank Group Corp said it has terminated a US$3bil tender offer for additional WeWork shares agreed last year with shareholders, drawing threats of legal action and plunging the floundering office space company further into crisis.
KUALA LUMPUR: Kinsteel Bhd's wholly owned subsidiary Kin Kee Steel Service Centre Sdn Bhd is entering negotiations with Tianjiin Qiangbang Industrial Co Ltd to form a joint venture company.
OIL clawed back losses in early Asian trading despite a looming supply flood from Saudi Arabia and signs of deepening demand destruction.