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WASHINGTON: U.S. Federal Reserve Chair Jerome Powell on Thursday repeated his pledge to keep credit loose and flowing until Americans are back to work, rebutting investors who have openly doubted he can stick to that promise once the pandemic passes and the economy surges on its own.
ON new years’ eve last year, Malaysia finally allowed the KL-Singapore High Speed Rail (HSR) project to be automatically terminated as both sides could not come to an agreement on certain changes that were requested by Malaysia.
PETALING JAYA: While 2020 has been a challenging year for Malaysian Real Estate Investment Trusts (MREITs), the sector is expected see some recovery in 2021 as movement restriction orders are eased and the deployment of Covid-19 vaccines lift consumer sentiment, according to research analysts.
PETALING JAYA: The real estate investment trust (REIT) sector may be on a recovery path over the next 12 to 18 months as consumer spending and footfall increase.
ON Dec 1, Moody’s Investors Service’s regular update note to issuer maintained Malaysia’s sovereign debt rating of A3 with stable outlook.
LONDON: Rishi Sunak will this week begin grappling with Britain’s most challenging fiscal blowout since World War II, in what will ultimately become the defining test of his tenure as chancellor of the exchequer.
BENGALURU: Indonesia's stocks and currency were driven in opposite directions on Thursday by rising bets for arate cut, while the baht drifted lower on Thailand's plans for a bigger budget deficit to revive its Covid-19 coronavirus-battered economy.
NEW YORK CITY: As the world braces for a second wave of infections from the coronavirus, stocks are priced for a booming global economy, bonds point to a protracted downturn and currency volatility is rising.