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BRUNEI, April 22 (Borneo Bulletin/ANN) - Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah said yesterday during a press conference that there is obviously an oversupply situation following a question on whether the recent plunge in Brent Blend crude oil prices have affected Brunei.
PETALING JAYA: Despite the difficult market environment predominantly from the Covid-19 pandemic alongside uncertainties around the Middle East and US presidential elections, Schroders’ deputy head of multi-asset product, North Asia Ricky Tang is still optimistic about risky assets such as equities and credits.
FORGET that US$24bil writedown on investments that SoftBank Group Corp reported late Monday. It’s bad. But it’s only paper
KUALA LUMPUR: Aeon Credit Service (M) Bhd is facing dampened prospects with the movement control order affecting consumer spending and repayments.
KUALA LUMPUR: As the Covid-19 pandemic continues to batter economies and markets, the Securities Commission reminded fund management and unit trust management companies of their obligations to act in the investors’ best interest of investors and ensure fair treatment of their clients.
LONDON: Brent oil futures may be trading at $27 per barrel but oil producers are selling their crude in the physical market at lower prices not seen since the aftermath of the Asian financial crisis of the late 1990s.
KUALA LUMPUR: The Securities Commission and Bursa Malaysia have announced that short-selling has been suspended until April 30, 2020, to mitigate potential risks from the heightened volatility and global uncertainties.
NEW YORK: Goldman Sachs Group Inc poured more than $1 billion into two of its prime money-market portfolios this week due to heavy investor withdrawals, in what the Wall Street bank described as a pre-emptive move to boost liquidity at a time of coronavirus-related stress.
RISING fears of the coronavirus spread and its potential economic impact unleashed one of the most violent sell-offs in history across global asset markets.
The three-year plan involves working with 50,000 independent software vendors to help service providers adopt Alipay technologies. Alipay has encouraged developers to create mini programs to enable partners to access Alibaba’s ecosystem.