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NEW YORK: U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery.
Launch of showcase expected in late 2021 due to pandemic
DUBAI: Saudi Arabia’s sovereign wealth fund has bought minority stakes in major American companies including Boeing, Facebook and Citigroup, a regulatory filing showed, giving it a portfolio of nearly US$10bil in US-listed stocks.
BURBANK: Walt Disney Co investors got a taste of just how bad the coronavirus pandemic will be for the world’s largest entertainment company.
NEW YORK: Walt Disney Co estimated on Tuesday that global measures to contain the coronavirus pandemic cut profits by $1.4 billion, mostly from its shuttered theme parks, but said it would reopen Shanghai Disneyland to a reduced number of visitors next week.
HIGH on Malaysia’s event calendar this week is the announcement of Bank Negara’s overnight policy rate (OPR).
Netflix Inc more than doubled its own projections for new customers as quarantined audiences binged on series such as "Tiger King, " but the company predicted a weaker second half of the year if stay-at-home orders to fight the coronavirus are lifted.
For many, this forced adjustment to the way we live, work and play has been disconcerting and ridden with anxiety.