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FRANKFURT: The economic fallout from the coronavirus has battered a sector that never recovered from the global financial crisis more than a decade ago. The focus for the rest of the year is on how banks can handle looming loan losses, whether any will be able to pay dividends, and possible further regulatory relief.
SINCE the Covid-19 pandemic broke out, Malaysian universities have been actively providing personal protective equipment (PPE) kits for frontline workers.
VATICAN CITY (Reuters) - Pope Francis on Saturday held his first audience for a group of people since Italy lifted its coronavirus lockdown, granting it to health workers from the Italian region most affected by the pandemic.
JAKARTA (AFP): Indonesia central bank has cut interest rates for the third time this year and scaled back its growth projections as the global pandemic batters South-East Asia's biggest economy.
THE dollar appreciated by 0.10% to 97.40, benefiting from safe-haven flows following rising concerns about a rise in new coronavirus cases; and geopolitical risks – clashes along the India-China border, as well as fresh provocations by North Korea – blowing up a liaison office building it operates with South Korea.
THE Covid-19 pandemic arrested the plans of millions of Americans to purchase a home. But what if you lock someone down in a home they had already mentally moved out of? Might they pour their energy into touring homes online to produce a short list of targets? And might they get pre-approved for a mortgage so it’s a simple matter of income verification once the economy reopened and they’d submitted an offer on a home?
Optimism is plentiful in the various online forums such as Reddit’s r/wallstreetbets where the fast-growing number of small investors discuss stocks
The coronavirus pandemic may have permanently damaged Japanese drivers’ willingness to share a steering wheel.
KUALA LUMPUR: Malaysia's Islamic capital market is starting to see a flurry of activities in the sukuk and equity capital market and is expected to be busy from June to August this year.
MANILA (Philippine Daily Inquirer/ANN): Soured loans in the local financial system will rise over the near term due to the coronavirus pandemic-induced recession, but the country’s top banking regulator said the expected increase in borrower defaults would be nowhere near the levels seen during the 1997 East Asian financial crisis.