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KUALA LUMPUR: Axiata Group Bhd's geographical diversification will help the telecom group to maintain a fairly stable overall performance despite significant Covid-19 hit in some of its operating markets, S&P Global Ratings said.
LONDON/TOKYO/WASHINGTON: Factories across Europe, Asia and North America continued to shake off the coronavirus gloom in August as the global economy emerged from a downturn triggered by the health crisis, thanks in part to massive fiscal and monetary stimulus programmes.
BANGI: The Malaysian Palm Oil Board (MPOB) is optimistic that the price of crude palm oil (CPO) will continue to rise from the current RM2,800 per tonne level despite the Covid1-9 pandemic, especially with continued demand from affected importing countries, including India.
SYDNEY: Australia’s central bank has unexpectedly expanded its low-cost funding scheme for lenders as the economy looked set to post its worst contraction since the Great Depression due to the coronavirus pandemic.
SYDNEY: Australia fell into its deepest economic slump on record last quarter as coronavirus curbs paralysed business activity, while fresh outbreaks threaten to upend any immediate recovery, piling pressure on the government to keep fiscal taps open.
Currency under pressure over central bank independence
LOOK no further than emerging markets for evidence that the K-shaped recovery is taking hold.