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REVIEW: Concerns over a growing health crisis in the world’s largest economy is largely being offset by expectations that markets will be awash with liquidity as major central banks pull out all the stops in reinvigorating the global economy.
THE trio of clients that got Deutsche Bank AG in regulatory trouble this week had a shared back story: They were all castoffs of JPMorgan Chase and Co.
NEW YORK: Asian shares were set to open mostly lower on Friday as record-breaking new coronavirus cases and deaths in several U.S. states stoked concerns that new lockdowns could derail the economic recovery, and investors looked forward to earnings season
NEW YORK: Oil prices fell about US$1 a barrel on Thursday as investors worried that renewed lockdowns to contain the spread of coronavirus in the United States would again sink fuel consumption.
TOULOUSE: Airbus SE failed to secure any aircraft orders for a third month this year, as the collapse in global air travel battered demand for new jetliners.
BANK Negara on Tuesday slashed its overnight policy rate (OPR) by 25 basis points to 1.75%, the lowest since the current interest rate framework was introduced in 2004
MANILA: Two groups are interested in upgrading the Philippines’ main airport in Manila after a consortium of tycoons said its 102 billion-peso (US$2.1bil) proposal was no longer bankable amid the pandemic.
NEW YORK: Asian stocks were expected to rise on Thursday, as hopes of a robust economic recovery offset concerns over flare-ups in the coronavirus pandemic, and as investors looked ahead to earnings season.
NEW YOTK: Warren Buffett has donated roughly US$2.9 billion of Berkshire Hathaway Inc stock to four family charities and the Bill & Melinda Gates Foundation, the latest but not largest contribution in his plan to give away his fortune.