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NEW YORK/LONDON: Global stock markets meandered on Thursday as a continued rise in coronavirus cases dashed hopes of a swift recovery from the pandemic-induced economic slump and drove demand for safe-haven currencies such as the dollar and Japanese yen.
PETALING JAYA: BMW Malaysia has launched the new BMW X5 xDrive45e M Sport, the latest locally assembled electrified model from the BMW X range priced at RM440,745 (on-the-road without insurance).
SHAH ALAM: UMW Toyota Motor (UMWT) has launched the fifth-generation Toyota RAV4, priced at RM196,436 (2.0-litre) and RM215,665 (2.5-litre).
PETALING JAYA: The month of May saw foreign investors returning to become net buyers of local bonds. Net foreign inflows came in at RM1.5bil, compared with RM2bil in April.
SINGAPORE: Business sentiment of Asian companies sank to an 11-year low in the second quarter, a Thomson Reuters/INSEAD survey found, with some two-thirds of the firms polled flagging a worsening COVID-19 pandemic as the biggest risk over the next six months.
NEW YORK: Wall Street closed higher on Monday following an announcement by the U.S. Federal Reserve regarding its corporate bond purchasing program that boosted investor confidence, which had been wavering amid a spike in new COVID-19 cases.
EASING lockdowns around the world present an opportunity to go back to the drawing board for many economies.
SINGAPORE: Philippine shares were the hardest hit on Monday, as fears over a second wave of coronavirus infections hurt risk sentiment and depressed Asian stock and currency markets.
BERLIN: The rally in German bonds in the past week has reminded fund managers why betting against Europe’s safest assets is a risky business.