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BEIJING: China’s large state-owned commercial banks increased the appropriation of impairment losses on loans in the first half to improve their capacity to combat risks after the Covid-19 pandemic broke out.
KUALA LUMPUR: Construction firm Vizione Holdings Bhd has entered into a Heads of Agreement (HoA) to acquire a 51% stake in a glove maker.
PETALING JAYA: Maybank IB Research has maintained its “sell” call on Bumi Armada Bhd and highlighted that the latter’s stretched balance sheet remains a key concern.
US commercial real estate prices are falling as the economic toll of the Covid-19 pandemic worsens – and the decline is just getting started.
KUALA LUMPUR: S&P Global Ratings views the risk trend from the deterioration of US-China relations as rising and has this raised concerns about an economic spillover.
SYDNEY: Asian shares dozed near recent highs in quiet trade on Monday as investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend, and maybe take some pressure off the beleaguered dollar.
NEW YORK: Investors are girding their portfolios for market moves ahead of the US presidential vote, as election season kicks into higher gear with the Democratic national convention in the coming week.