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WASHINGTON: The global spread of the coronavirus (Covid-19) will wipe out any hope of stronger growth in 2020, International Monetary Fund (IMF) managing director Kristalina Georgieva said, adding that a third of the fund’s 189 member countries were now affected.
KUALA LUMPUR: RHB Group Asset Management (RHBAM) targets a subscription exceeding RM100mil within two months for the RHB American Income Fund.
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.
WASHINGTON: The global spread of the novel coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday, adding a third of the Fund's 189 member countries were now affected.
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.
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.
BEIJING/LONDON/RIYADH: The OPEC club of oil-producing countries begins meeting on Thursday (March 5) in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the Covid-19 (coronavirus).
PETALING JAYA: As the focus now turns to the country’s new Cabinet, questions also arise over the projects and policies that may potentially be revived, such as the Goods and Services Tax (GST) and the High Speed Rail to Singapore.
PARIS: The upheaval from the coronavirus outbreak may be the final jolt that the world’s biggest companies need to reevaluate how they operate in a globalised economy, the OECD’s chief economist Laurence Boone said.