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Separately, the Fed’s Powell in his testimony acknowledged the rising risk of coronavirus (Covid-19) while viewing the underlying strength of the US economy, added with a series of rate cuts last year, is appropriate to withstand the rising challenges on the external front.
Makassar: Indonesia wasn’t feeling the love for Valentine’s Day as authorities arrested couples in one city, scolded stores over condom displays and warned students that they would be reprimanded for amorous activities.
MAKASSAR: Indonesia wasn't feeling the love for Valentine's Day on Friday (Feb 14) as authorities arrested couples in one city, scolded stores over condom displays and warned students they would be reprimanded for amorous activities.
KUALA LUMPUR/MUMBAI (Reuters) - India's halt on Malaysian palm oil imports has disrupted global edible oil trade flows, with Indonesia diverting supplies to feed India, Malaysia rushing to tap markets left behind by Jakarta, and India substituting palm with other oils.
SHANGHAI: China’s currency and bond markets have been devoid of traders as coronavirus cases continue to climb. That has made it tougher to gauge the outbreak’s market impact.
KUALA LUMPUR: The sharp rise in the number of the Covid-19 coronavirus this week saw investors stepping back from riskier assets including equities on concerns on the fallout on the economy and the supply chains of manufacturers.
BRUSSELS: Malaysia no longer plans to file a WTO lawsuit against EU restrictions on palm oil-based biofuel and will instead seek to convince European to change its treatment of the crop in a review scheduled for 2021.
NEW YORK:Wall Street closed at record highs on Wednesday as news that the coronavirus outbreak could be running out of steam kept buyers in the ring.
SHAH ALAM: The popular Proton X70 sport utility vehicle (SUV) is now cheaper by RM1,000 to RM5,000, depending on the variant.
HONG KONG: Hong Kong’s usually booming property market has virtually ground to a halt as the fear of coronavirus impacts life in the city.