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SYDNEY: Australia's central bank held its cash rate at an all-time low on Tuesday, in a widely expected decision, and said it will maintain its accommodative approach for "as long as it is required."
KUALA LUMPUR: Bursa Malaysia gave up its gains from earlier in the day as profit-taking took over following the recent price surge.
KUALA LUMPUR: JF Apex Research expects AirAsia Group Bhd, Kossan Rubber Industries Bhd, CB industrial Product Bhd, Khee San Bhd, Yinson Holdings Bhd and Icon Offshore Bhd to be among the stocks to watch on Tuesday.
SEOUL: Samsung Electronics Co Ltd said on Tuesday second-quarter operating profit likely rose 23%, beating analysts' estimates as solid chip sales to data centres bulking up in a work-from-home economy during the coronavirus pandemic offset weak demand for smartphones and TVs
NEW YORK: Asian markets looked set to rise on Tuesday as investors weighed growing expectations of an economic rebound in China and a resurgent U.S. services industry, brushing off worries about a spike in U.S. coronavirus cases.
NEW YORK: Oil futures ended largely steady on Monday as positive economic data supported prices, while a spike in coronavirus cases in the United States that could curb fuel demand pressured prices.
NEW YORK: U.S. stocks rose sharply on Monday as a rebound in U.S. services industry activity in June and expectations of a revival in China's economy boosted optimism, helping investors look past a surge in new coronavirus cases in the United States.
PETALING JAYA: Stronger palm oil demand from India, coupled with the suspension of the export tax for crude palm oil (CPO) in Malaysia from June till the end of the year, is positive for CPO prices in the near term.
SYDNEY: Economists are divided on the outlook for Australia’s recovery: Many expect it to be U-shaped, while a growing number see a W shape.