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HONG KONG (AFP): Moves to ease lockdown measures and reopen economies around the world fired equity markets Friday (May 8) as investors looked past a string of depressing data suggesting the planet is heading for its worst downturn since the Great Depression.
SHANGHAI/NEW YORK: Asian shares rose on Friday as a phone call between U.S. and Chinese officials raised hopes that trade tensions were easing, turning the focus away from looming data expected to show the American economy lost the most jobs since the Great Depression.
NEW YORK: World shares rose on Thursday after China's exports came in far stronger than expected, suggesting an economic recovery was under way, but the dollar fell from two-week highs as U.S. data showed millions more Americans joined the ranks of the unemployed.
SINGAPORE: Fears of a dreadful earnings season for Asian equities are turning into a reality.
HONG KONG (AFP): Asian markets dropped Thursday (May 7) as the economic reality of the coronavirus crisis became even starker, and China-US relations soured, overshadowing recent optimism over the easing of lockdown measures.
EMERGING markets are likely to see another sell-off later this year, puncturing their recovery from the coronavirus pandemic and adding to losses that have already totaled $3 trillion, a survey has found.
NEW YORK CITY: Citigroup Inc’s Dean Little and Jonathan Smalley learned the proxy voting process the hard way: in the mailroom.
Bengaluru: Foreign investors sold Asian equities for a third straight month in April, shrugging off a rebound in regional shares, as sentiment was weighed down by the rising economic fallout from coronavirus-induced lockdowns.
PETALING JAYA: Foreign investors have sold RM2.7bil worth of Malaysia equities in April, which was their second largest retreat in the region on continuing concerns over Covid-19’s impact on the global economy, said Maybank Investment Research.