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PLATINUM holdings in exchange-traded funds (ETFs) have surged to a record, raising the prospect of a catch-up rally for the precious metal after months of lagging gold and silver.
PETALING JAYA: Malaysian Islamic banks are expected to remain resilient amid the coronavirus (Covid-19) fallout, underpinned by heavy concentration on retail financing, according to Moody’s Investors Service.
NEW YORK: Stocks across the globe were little changed on Monday as upbeat industrial data out of China and hopes for more stimulus in the United States were offset by jitters over tensions between Washington and Beijing.
NEW YORK:Stocks across the globe were little changed on Monday as upbeat industrial data out of China and hopes for more stimulus in the United States were offset by jitters over tensions between Washington and Beijing.
BENGALURU: Emerging-market (EM) currencies are expected to rise a bit further in coming months as a sliding United States dollar offsets domestic worries about large economic imbalances stemming from the coronavirus pandemic, a Reuters poll showed.
Apple Inc captured headlines last week for declaring it would be carbon neutral by 2030. The effusive global press coverage rightly pointed out the level of ambition on display from the company in pledging to hit such a target by the end of this decade. But all the stories I read missed some key numbers published in Apple’s sustainability report that make the plan a lot more interesting.
NEW YORK: The US dollar slipped on Friday, as its safe-haven allure diminished, on hopes of a potential vaccine for the novel coronavirus that outweighed concerns about the surge in infections in the United States and around the world.
JAKARTA: The Indonesian government’s plan to sell billions of dollars of bonds to the central bank to finance a widening fiscal deficit poses no immediate threat to the nation’s credit rating, according to S&P Global Ratings.
New York: Wall Street's main indexes closed higher in choppy trading on Thursday, with bank stocks soaring ahead of annual stress test results and helping to offset investor jitters over alarming increases in new coronavirus cases.
KUALA LUMPUR: Maybank Investment Bank Research expects banks’ earnings to be reduced by 13% this year and by 15% next year following slower loan growth, net interest margins (NIM) compression, lower fee and investment income as well as higher credit costs.