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SYDNEY: Australia faces a 10% economic contraction in the March quarter as shockwaves from the coronavirus pandemic rip through the economy, the head of the Commonwealth Bank of Australia, the country's largest lender, warned on Monday.
SYDNEY: Australian pension funds unable to return part of their A$3 trillion savings to unemployed workers and to those in financial distress should expect to have their risk-management frameworks scrutinised by the regulator, a government official said.
KUALA LUMPUR: With most Malaysians now working from home because of the COVID-19 pandemic and extended movement control order (MCO) until April 14, there has also been an increase in complaints of slow internet.
DUBAI/SINGAPORE: Global airlines urged the world's major economies to act quickly to prevent irreversible damage to an industry that has seen demand decimated almost overnight by the coronavirus crisis.
RIYADH: Leaders of the Group of 20 major economies pledged on Thursday to inject US$5 trillion (4.1 trillion pounds) in fiscal spending into the global economy to blunt the economic impact of the coronavirus and "do whatever it takes to overcome the pandemic."
KUALA LUMPUR: Astro Malaysia Holdings Bhd, which posted a stronger set of results in the fourth quarter ended Jan 31 (4Q20), has activated its business continuity plans and ensured the safety of its employees amid the movement control order.
NEW YORK: As the coronavirus roils markets, dealmakers are pulling out all their tricks to get transactions done.
MANILA: Philippine Congress will craft a stimulus package of at least 200 billion pesos ($3.93 billion) when it meets Monday to discuss a supplemental budget to shore up the economy from the impact of a lockdown aimed at containing the coronavirus outbreak.
BEIJING: Tencent Holdings Ltd is set to give a glimpse of how the world’s largest gaming company has fared from the coronavirus outbreak after curbs forced millions to stay at home, driving up demand for online games and streaming services.