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KUALA LUMPUR: PublicInvest Research has lowered its target price from RM2.80 to RM2.50 due to lower demand for sportswear demand due to the Covid-19 pandemic and movement control order (MCO).
NEW YORK: Starbucks Corp on Wednesday forecast a 47% drop in second-quarter earnings, scrapped its full-year forecast and warned that the financial hit from the coronavirus pandemic would extend into the final quarter of the fiscal year 2020
NEW YORK: Morgan Stanley, Credit Suisse Group AG and Haitong International Securities Group were among the biggest participants in a series of margin loans to Luckin Coffee Inc’s founder before accounting fraud allegations at the high-flying Chinese company triggered a collapse in the stock and caused him to default, a person with knowledge of the matter said.
Private consumption halved during the movement control order (MCO) in Malaysia
MUMBAI: As analysts struggle to assess India Inc’s corporate earnings and debt-servicing capabilities amid the nationwide lockdown due to the coronavirus pandemic, they have begun relying on alternative indicators to inform their investment recommendations.
BEIJING: Investors across China’s financial markets are betting the central bank will need to keep ramping up monetary stimulus, ignoring economists who are virtually certain that won’t happen any time soon.
PETALING JAYA: Property consultants are urging the government to consider a moratorium on quit rent and assessment tax for the second half of 2020, due to the Covid-19 pandemic which is affecting businesses everywhere.
KUALA LUMPUR: Bursa Malaysia, China and Hong Kong markets closed in the red on Wednesday as initial hopes of a slowdown in Covid-19 deaths evaporated again.