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MALAYSIA, by emphasising on education and technology, and encouraging small and medium-size enterprises (SMEs), has adopted the most appropriate stance in the current global trade scenario, where China is rapidly becoming the dominant trading power in Asia, according to I>Time/Imagazine senior editor (business and technology) Jim Erickson.
FRANKFURT: Private equity investor Lone Star has hired Rothschild and Bank of America Merrill Lynch as advisors for the planned sale of German corporate bank IKB, two people familiar with the transaction said.
LONDON: The Bank of England said on Friday it was cancelling this year's stress test of eight major banks and building societies to enable them to focus on providing lending through the coronavirus crisis.
SHANGHAI: China’s broad push to corral risks has put its financial system in the position to withstand even an economic slowdown to about half the pace of the current expansion.
SYDNEY: Asian shares staged a rare rally on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though the panicked rush into U.S. dollars suggested the crisis was far from done.