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RESERVE Bank of Australia (RBA) governor Philip Lowe has a coffee mug in his office inscribed with the words “half full.” Lowe says he’s an optimist about next year, as do many of his peers. They’ll have to make it through 2021 first.
THE size of a company may not matter in terms of qualifying for inclusion into the FTSE4Good Bursa Malaysia (F4GBM), which is an environmental, social and governance (ESG) index.
SINGAPORE: Keppel Corp Ltd. has offered to buy Singapore Press Holdings Ltd. for S$2.2 billion ($1.6 billion) to expand the conglomerate’s business in retail malls, student accommodation and senior living.
WASHINGTON/LONDON Wall Street was broadly under pressure on Thursday and European shares fell for the first time in two weeks on hawkish signals from the U.S. Federal Reserve, even as U.S. technology stocks notched gains.
NEW YORK: Bitcoin rallied toward the US$40,000 (RM164,000) level as cryptocurrencies recover some of the ground lost in this month’s volatile rout.
KUALA LUMPUR: In what is seen as a major breakthrough for Malaysia, Saudi Arabia will become Malaysia’s hub for the import and distribution of palm oil and palm oil related products into the lucrative Gulf Cooperation Council (GCC) and the Middle East and North African (MENA) markets.
NEW YORK: Morgan Stanley lost nearly US$1bil (RM4.13bil) from the collapse of family office Archegos Capital Management, the bank has said, muddying its 150% jump in first-quarter profit that was powered by a boom in trading and deal-making.
IN the annals of 21st Century capitalism, Covid-19 will go down as a pressure cooker.