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INVESTORS have been warned: the worst is yet to come.
HONG KONG (Bloomberg) -- As the coronavirus pandemic wrecks economies, markets and fortunes, three founders of a company that makes ventilators have added a combined US$7.3bil to their wealth this year.
SHANGHAI: Vanguard Group and Ant Financial’s joint venture is rolling out a new robo adviser to target the Chinese fintech giant’s 900 million users, a first step in winning a slice of the nation’s fast growing asset management business.
KUALA LUMPUR: Higher crude oil prices lifted sentiment in the stock market on Thursday, helping to the main index to close in positive territory.KUALA LUMPUR: Higher crude oil prices lifted sentiment in the stock market on Thursday, helping to the main index on Bursa Malaysia to close in positive territory.
KUALA LUMPUR: Kinsteel Bhd's wholly owned subsidiary Kin Kee Steel Service Centre Sdn Bhd is entering negotiations with Tianjiin Qiangbang Industrial Co Ltd to form a joint venture company.
KUALA LUMPUR: Moody's Investors Service has downgraded Malaysia’s banking system to negative from stable to reflect growing risks from coronavirus outbreak.
LONDON/TOKYO/WASHINGTON: Factories fell quiet across much of the world in March as the coronavirus pandemic paralyzed economic activity, with evidence mounting that the world is sliding into deep recession.
SINGAPORE: Singapore’s central bank said lenders will offer additional relief for consumers and companies battered by the sharp economic slowdown, including a freeze on mortgage and business loan payments and cuts to credit card rates.
MALAYSIA is no stranger to external shocks affecting its macroeconomy.
(Bloomberg) -- Emerging markets have just taken a first-quarter battering. The fear on Wall Street is that it may hardly compare with what’s coming.