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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
KUALA LUMPUR: Rakuten Trade Sdn Bhd, Malaysia’s only fully digital equities broker, reported a surge in account openings during the movement control order (MCO) period in the midst of the Covid-19 crisis.
KUALA LUMPUR: CGS-CIMB Equities Research retains its Neutral call on the overall consumer sector during the four-week long movement control order (MCO) from March 18 to April 14.
SYDNEY: Australia's coveted 'AAA' rating came under a cloud on Wednesday as the country's parliament returned to pass an emergency A$130 billion ($80 billion) stimulus package to help cushion the blow to the economy from the coronavirus pandemic.
NEW YORK: The evaporation of a rally on Wall Street in the closing minutes of Tuesday's session shows that many investors fear the U.S. stock market is in danger of a renewed tumble due to uncertainty surrounding the coronavirus pandemic.
NEW YORK: Oil slumped on Tuesday in the face of swelling crude supplies and weak fuel demand due to the coronavirus pandemic, while investors also grew cautious over expectations that the world's biggest producers would quickly agree on output cuts.
AFTER watching Prime Minister Tan Sri Muhyiddin Yassin’s announcement on the enhanced stimulus package for SMEs, my various chat groups came alive with all kinds of comments and opinions. In particular, one chat group which comprises experienced retired senior bankers, entrepreneurs and senior business journalists (all about the same age of 60 and above) stood out for its wisdom and sharp foresight.
Firm needs to gauge how much scaling back is too much
LONDON, April 7 (Reuters) - Nearly 140 campaign groups and charities urged the International Monetary Fund and World Bank, G20 governments and private creditors on Tuesday to help the world's poorest countries through the coronavirus crisis by cancelling debt payments.
KUALA LUMPUR: LKL International Bhd was awarded an order by the Sarawak state health department to supply RM7.08 million worth of new personal protective equipment (PPE).