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KUALA LUMPUR: The year 2020 has been gloomy so far, with dark clouds expected to continue casting shadows as the Covid-19 (coronavirus) pandemic carved its devastating path through economies worldwide, leading many to come face-to-face with recession.
WASHINGTON: The International Monetary Fund said late on Friday its executive board approved a $23.9 billion flexible credit line to bolster the commodity exporter's finances as it a battles the coronavirus pandemic and deals with a severe drop in demand.
THE deterioration of U.S.-China relations is fast and furious, with Washington throwing out accusations of unfair trade practices, unlawful technology transfer and an early cover-up of the coronavirus outbreak, which has claimed over 100,000 American lives.
HONG KONG: Hong Kong stock exchange’s boss called for confidence that the city will maintain its “undisputed” role as Asia’s financial nave, even as it battles the fallout from the coronavirus outbreak and political unrest.
HONG KONG: Hong Kong's exchange is launching derivatives products with U.S.-based index publisher MSCI that the Singapore bourse is relinquishing, in a deal it said underpinned the territory's draw amid concerns from a new security law planned by China.
BENGALURU: Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.
Semiconductor player to help overcome shortage
In a rare public appearance last week, Fosun Group founder and billionaire Guo Guangchang teamed up with one of China’s biggest online marketing celebrities to tout luxury resort packages and masks from a French fashion label.
Not too long ago, BlackRock Inc was super bullish on the prospect of exchange-traded bond funds.