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SHANGHAI: China’s economy is likely to pick up quickly after the coronavirus is contained and stage a "V-shaped” recovery, according to a senior official with the nation’s central bank.
BEIJING: China's banking and insurance regulator said on Saturday it had finished running Anbang Insurance Group, and the revamped entity Dajia Insurance Group was close to a decision on introducing a batch of strategic investors.
BEIJING: China’s top leaders said they will exercise more flexibility in monetary and fiscal policy, signaling a greater focus on reviving an economy pummeled by the virus outbreak. Fiscal policy will be more proactive, while construction projects will be accelerated.
IT is already strange that a company has to be suspended because of criminal investigations into its premises. It’s even worse when its fundamentals are impacted due to the police investigations.
KUALA LUMPUR: Axiata Group Bhd, which returned to the black in the fourth quarter of financial year ended Dec 31,2019 (4Q19), is in talks with 11 potential partners to bid for a digital banking licence from Bank Negara.
Covid-19 is causing economic damage to China, but experts believe it will emerge stronger economically when the epidemic is overcome. They are also confident that troubled Asean countries can come out of the doldrums.
IF anyone does not understand the gravity of the Covid-19 epidemic, just visit any bank branch. For the first time, there are more bank tellers behind the counters than customers in a large branch in Bandar Utama.
KUANTAN: Pahang is banking on tourists who had to cancel their trips to China in view of Covid-19 coming for a holiday to the state instead.
NEW YORK (Bloomberg): Morgan Stanley had just ended a decade-long drought of major takeovers by top US banks with his surprise deal to buy E*Trade Financial Corp for US$13bil.
SINGAPORE: Oversea-Chinese Banking Corp flagged on Friday a 2% hit to annual revenue from the coronavirus outbreak, following in the footsteps of larger peer DBS Group and signalling Singapore lenders may find it tough to keep growing robustly.