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FRANKFURT: Eurogroup chief Mario Centeno said plans by Germany and France to set up a 500 billion euro ($545 billion) recovery fund to cope with the coronavirus pandemic would be a step towards a fiscal union of the bloc.
PETALING JAYA: Local companies should capitalise on digitisation and e-commerce to build a global brand name in the “new normal", says International Trade and Industry (Miti) Deputy Minister Datuk Lim Ban Hong.
KUALA LUMPUR: The ringgit is expected to trade sideways next week, tracking the performance of other emerging market currencies as tensions between Washington and Beijing intensify along with recession fears. Combined with the global economic slowdown, ongoing Covid-19 (coronavirus) health pandemic as well as volatile oil prices, would put the local currency under pressure.
PETALING JAYA: Public Bank Bhd, the country’s second largest bank by market capitalisation, began the financial year of 2020 (FY20) with a 5.7% year-on-year (y-o-y) fall in net profit for the first quarter.
ISTANBUL (Reuters) - At a luxury hotel in Istanbul, staff in gloves and masks space out and disinfect tables as they prepare for a scheme which Turkey hopes will rescue part of its $35 billion tourism industry from the ravages of coronavirus.
BEIRUT (Reuters) - Temitope can't find work in Lebanon since the Nigerian domestic worker escaped her employer's house last month.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), which saw its net profit slump by 68% to RM4.5bil in the first quarter ended March 31, 2020, sees a very challenging year.
LONDON/TOKYO: World stocks took a hit on a real black Friday (May 22) as China moved to impose a new security law on Hong Kong after last year's pro-democracy unrest, further straining fast-deteriorating US-China ties.
KUALA LUMPUR: The international reserves of Bank Negara Malaysia rose US$100mil over a two-week period to US$102.6bil as at May 15, 2020.
KUALA LUMPUR: The ringgit retreated from yesterday’s gains to trade slightly lower against the US dollar in the early session today, as heightened tension between the United States and China prompted investors to return to safe-haven currencies, dealers said.