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AS a country that has faced budget deficits for over two decades amid efforts to turn surplus, Malaysia has consistently relied on borrowings to finance its revenue shortfalls.
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.
WASHINGTON: Asian stocks were set for gains on Friday although trade was likely to be choppy after a mixed Wall Street session with investor focus swinging between concerns about a second pandemic wave and more upbeat hopes about an economic recovery.
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.
NEW YORK CITY: As the world braces for a second wave of infections from the coronavirus, stocks are priced for a booming global economy, bonds point to a protracted downturn and currency volatility is rising.
HONG KONG: The yuan firmed on Thursday, despite a weaker guidance rate and a steady U.S. dollar, as China's top policymakers vowed to keep cash abundant in financial markets and further support growth.
WASHINGTON: Asian stocks were set to dip on Thursday after a choppy Wall Street session as spiking coronavirus cases and prospects of new lockdowns erased earlier confidence about a global economic recovery
This comes as US Fed pledges to keep interest rates near zero
FRANKFURT: Germany is selling its second round of debt within days to a market still hungry for haven assets.