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LONDON: The dollar’s weakness is giving central banks in Asia room to ease monetary policy further amid concerns that the region’s economic recovery is plateauing.
TAIPEI (Reuters) - Foxconn, the world's largest contract electronics manufacturer, posted a better-than-expected quarterly profit and forecast its smartphones business would see sustained revenue weakness but at a slightly slower pace this quarter.
KUALA LUMPUR: Banks and Genting closed higher on Wednesday but the gains were not enough to prevent the FBM KLCI from slipping into the red as investors took profit on Top Glove and Hartalega.
HONG KONG: Chinese shares fell on Wednesday and were on course for their worst day in over two weeks due to souring global market sentiment and data showing softer growth in bank lending.
KUALA LUMPUR: The ringgit opened mildly lower on Wednesday due to sturdier US dollar.
Several ‘structural advantages’ make it a well-regarded stock
PETALING JAYA: Analysts continue to favour Hartalega Holdings Bhd and said the company’s latest decision to acquire land for capacity expansion will help it bolster its earnings growth.
Higher prices, heightened demand set to lift its bottom line
LIKE the rest of us, the world’s finance industry is still wrestling with the huge uncertainty of a pandemic that doesn’t yet have an end. The sector’s reputation took a battering after the financial crisis, and it’s too early to say how things will go this time.
SEOUL: South Korea will take the smallest hit to growth of any advanced economy this year after it was able to limit the spread of the coronavirus without imposing severe lockdowns, according to the Organisation for Economic Co-operation and Development (OECD).