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NEW YORK: Mortgage lenders are preparing for the biggest wave of delinquencies in history. If the plan to buy time works, they may avert an even worse crisis: Mass foreclosures and mortgage market mayhem.
ALTHOUGH much uncertainty prevails amid the current global Covid-19 virus outbreak, the Malaysian banking system remains resilient, thanks to strong capital buffers - a result of prudent measures - undertaken over the years.
KUALA LUMPUR: A downgrade on the country's banking sector is a global trend affecting many countries including in Asia Pacific and not only limited to Malaysia. KUALA LUMPUR: A downgrade on the country's banking sector is a global trend affecting many countries including in Asia Pacific and not only limited on Malaysia.
KUALA LUMPUR: Moody’s Investors Service has downgraded Malaysia’s banking sector outlook to negative from stable to reflect growing risks from the coronavirus (Covid-19) outbreak and broad economic deterioration.
LONDON (Reuters) - Credit rating agency Moody's changed Formula One's outlook to negative from positive on Thursday to reflect the impact of the coronavirus crisis on a sport yet to race in 2020.
KUALA LUMPUR: Moody's Investors Service has downgraded Malaysia’s banking system to negative from stable to reflect growing risks from coronavirus outbreak.
PETALING JAYA: Rating agencies expect Malaysia’s sovereign credit ratings to remain intact as the government is set to undertake a mega spending spree to support the flailing economy
KUALA LUMPUR: Moody’s Investors Service expects Gulf Cooperation Council (GCC) countries and Malaysia to help drive growth in Shariah-compliant financial products though the Covid-19 coronavirus may disrupt sukuk issuance.
PETALING JAYA: Opinion is divided on whether the government should help all airlines or be selective even though support is critical during the Covid-19 pandemic
TOKYO: Softbank Group Corp fell as much as 10% after a satellite operator it invested in filed for bankruptcy, ceding some gains from an unprecedented plan to sell assets and buy back shares.