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VIENNA: OPEC pushed on Thursday for a bigger-than-expected oil output cut to support prices that have been hit by the coronavirus outbreak, effectively presenting its non-OPEC partners with an ultimatum to back the move or face a price collapse.
SYDNEY: Asian shares were looking to rally for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook.
NEW YORK: The dollar and global equities rose on Wednesday as a strong showing by Joe Biden in the U.S. Democratic presidential primaries cheered the markets, though the economy-slowing coronavirus outbreak kept investors on tenterhooks.
LONDON: India’s central bank governor said he’s ready to act to shield the economy from the coronavirus and reiterated there’s room to cut interest rates if needed.
KUALA LUMPUR: Bursa Malaysia fell in early Wednesday trade as investors grew more anxious about the widening impact of the Covid-19 coronavirus despite rates cuts by Bank Negara and the US Federal Reserve.
NEW YORK: Global equity markets slid on Tuesday and the yield on 10-year U.S. Treasuries fell below 1% for the first time after the Federal Reserve cut interest rates to shield the U.S. economy from the impact of the fast-spreading coronavirus.
WASHINGTON/GENEVA: The World Health Organization (WHO) on Tuesday warned of a global shortage and price gouging for protective equipment to fight the fast-spreading coronavirus and asked companies and governments to increase production by 40% as the death toll from the respiratory illness mounted
SINGAPORE: After getting caught up in last week’s punishing virus-driven sell-off, gold is seeking to refresh its haven credentials.
NEW YORK/LONDON: Equity markets around the world rose on Monday as speculation that central banks will cut interest rates to soften the economic blow of the coronavirus heartened investors and drove U.S. government debt yields to record lows.
KUALA LUMPUR: Tower Real Estate Investment Trust (REIT) has entered into a conditional sale and purchase agreement with Guocoland (Malaysia) Bhd’s indirect subsidiary DC Offices Sdn Bhd for the proposed acquisition of an office building for RM242.1mil cash.