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Global IPO market heads for another record year
IT looks like the global equity markets are poised for another record year for initial public offering (IPO) deals.
China's factory growth accelerates the most in three months, bolsters economic recovery
BEIJING (Reuters): China's manufacturing activity expanded at the fastest pace in three months in March as factories cranked up production after a brief lull during the Lunar New Year holidays, with improving global demand adding further momentum to a solid economic recovery.
Bank Negara maintains OPR at 1.75%, growth to improve from 2Q
KUALA LUMPUR: Bank Negara Malaysia maintained the overnight policy rate (OPR) of 1.75% at its monetary policy committee (MPC) meeting on Thursday as latest indicators point to improvements in external demand and continued consumer spending.
HK remains competitive as global financial hub
HONG KONG: As trading resumed on Hong Kong’s financial markets yesterday after the Chinese Lunar New Year holiday, officials of the global financial centre said Hong Kong has shown resilience and retained competitiveness over the past year despite the Covid-19 fallout.
Unemployment among KL's urban poor has doubled, says Unicef report
PETALING JAYA: Unemployment among low-income urban families in Kuala Lumpur has doubled during the conditional movement control order in December last year, says the United Nations Children's Fund (Unicef).
2nd LD Writethru: U.S. economy contracts 3.5 pct in 2020 amid COVID-19 fallout
WASHINGTON, Jan. 28 (Xinhua) -- The U.S. economy contracted 3.5 percent in 2020 amid COVID-19 fallout, the largest annual decline of U.S. gross domestic product (GDP) since 1946, according to data released by the U.S. Commerce Department on Thursday.
