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THE European Central Bank launched an extra emergency bond-buying program worth 750 billion euros ($820 billion) in the latest attempt to calm markets and protect a euro-area economy struggling to cope with the coronavirus epidemic.
BANGKOK: A banned Thai opposition party on Sunday accused the former military junta of helping cover up Malaysia's multi-billion-dollar 1MDB scandal, urging Thais to demand the truth ahead of a censure debate against Prime Minister Prayuth Chan-ocha.
BACK in October of 2019, the US Fed began buying $60bil of Treasury bills per month, causing a substantial increase in not only its balance sheet but also the overall global money supply.
KUALA LUMPUR Bernama) -- The Securities Commission Malaysia (SC) and the Public Prosecutor (PP) have successfully secured an order to freeze the bank accounts of a director of a company over an ongoing investigation.
SAN FRANCISCO: Uber Technologies Inc. and Postmates Inc. sued the state of California, alleging that a labor rights law set to go into effect this week is unconstitutional.
NEW YORK: Two decades ago, when coal ruled US power generation, a Florida utility plowed some of its extra cash into a wind farm atop a desolate Oregon plateau.
JAKARTA: Indonesian President Joko Widodo was due to unveil his cabinet on Monday, adding some well-known business figures to his team as he pledges to put the world’s fourth most populous country on path to become a US$7 trillion economy by 2045.JAKARTA: Indonesian President Joko Widodo was due to unveil his cabinet on Monday, adding some well-known business figures to his team as he pledges to put the world’s fourth most populous country on path to become a US$7 trillion economy by 2045.
BERLIN: Berlin’s governing parties struck a deal to freeze rents in the German capital for five years, marking one of the most radical plans to tackle spiralling housing costs in a major city
WASHINGTON: Brexit won’t have a big impact on the European or global economies, former Bank of England governor Mervyn King (pic) said, offering a counterpoint to persistent concerns by global policy makers that the move could further dent already-weakening growth.