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KUALA LUMPUR: The rebound seen on the local stock exchange yesterday proved short-lived as the market tumbled further on Wednesday amid growing pessimism over the rising number of coronavirus cases and the state of the global recovery.
THE slew of encouraging economic data continue to trigger hopes for an earlier-than-expected recovery for the world economy. Even so, economists are putting their bets on different regions to be the one that will lead the recovery process. While it is widely anticipated that it would be Asia, especially China, some US-based economists would beg to differ.
LONDON: Emerging market policymakers slashed interest rates in August, taking their lead from major central banks including the U.S. Federal Reserve and the European Central Bank and joining in efforts to shore up their economies.
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) concurred with Bank Negara Malaysia’s (BNM) subdued outlook for the Malaysian economy in 2020. KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) concurred with Bank Negara Malaysia’s (BNM) subdued outlook for the Malaysian economy in 2020.
HONG KONG: Hong Kong is bracing for greater economic challenges as the prospect of a new cycle of interest rate rises drives fears of capital outflows that could put further pressure on the Asian financial hub.