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WASHINGTON: President Donald Trump and his top healthcare advisers urged Americans on Tuesday to follow strict social distancing measures ahead of a "tough two weeks" that could see at least 100,000 deaths from the coronavirus in the United States.
PETALING JAYA: Uncertainties arising from the large-scale disruptions to economic activity due to the Covid-19 pandemic, has resulted in the World Bank slashing Malaysia’s 2020 GDP growth projection to negative 0.1%.
KUALA LUMPUR: Following the rapid spread of Covid-19 and the heightened financial volatility, growth outlook for developing countries in the East Asia and the Pacific (EAP) region, including Malaysia, has been sharply downgraded as they face global financial shock and recession.
JAKARTA: Indonesia is planning to issue an emergency regulation to allow the government to manage a wider fiscal deficit and increase spending in response to Covid-19, a move that will effectively revise the state finances law, a minister said.
HONG KONG/SHANGHAI, March 31 (Reuters) - Chinese shares edged up on Tuesday after the country reported a better-than-expected industrial activity, though fears of an economic fallout of the coronavirus pandemic led the stock market to its worst quarter since 2018.
SYDNEY/HONG KONG: Asian shares were set to close out a calamitous quarter by eking out a small rally on Tuesday as factory data from China held out the hope of a revival in activity, even as much of the rest of the world shut down.
KUALA LUMPUR: SCGM Bhd saw its shares climb over 2% in early trading on Tuesday after reporting earnings that beat analyst expectations.
PETALING JAYA: The local stock market has started the week in the red after a strong rally last week that saw the benchmark index, the FBM KLCI, surging more than 10% as the market anticipated the massive stimulus package by the government.
KUALA LUMPUR: Bursa Malaysia closed lower on Monday, snapping last week’s rally, in line with key Asian markets as investors worried about more countries imposing lockdowns.
SHANGHAI: China stocks ended lower on Monday as investor concerns over coronavirus-driven global shutdowns overshadowed an unexpected rate cut by the country's central bank.