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NEW YORK: Financial markets on Monday ratcheted up bets the U.S. Federal Reserve will be pressed to cut interest rates to cushion a feared hit to economic growth from the spread of the coronavirus, although one official cautioned against expecting the central bank to over-react to short-term market moves.
SINGAPORE: A raft of new coronavirus cases in numerous countries outside China over the weekend has redoubled concerns about the ability of the illness to spread, and the potential economic impact.
RIYADH: Saudi Arabia plans to invest 412 billion riyals (US$110bil) to develop unconventional natural gas reserves in the eastern Jafurah field, according to the kingdom’s official Saudi Press Agency.
SEOUL: South Korea warned its fragile economic recovery is under threat from the coronavirus that has spread dramatically across the country over the past week, and pledged action to minimise the fallout. The country’s currency and the main stock index plunged.
PETALING JAYA: The contraction in Telekom Malaysia Bhd’s (TM) unifi business is expected to persist due to the impact of the mandatory standard on access pricing (MSAP), which made service providers offer faster yet cheaper broadband plans.
SEOUL: South Korea warned its fragile economic recovery is under threat from the coronavirus that has spread dramatically across the country over the past week, and pledged action to minimise the fallout.
NEW YORK: Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc's decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company.
GEORGE TOWN: IJM Land Bhd’s construction subsidiary, Jurutama Sdn Bhd, is set to develop the stalled RM4.5bil The Light City project, which is located next to the Penang Bridge.
HOPES are running high that the earnings and operations of virus-hit companies can gradually recover, on some decline, seen on certain days, in the number of new cases in China