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WASHINGTON, Oct. 19 (Xinhua) -- Senior officials at the International Monetary Fund (IMF) on Monday called for strengthening international cooperation to improve cross-border payments as many central banks are exploring the issuance of digital currencies.
NEW YORK: Global shares bounced on Friday while safe havens such as the dollar were on the defensive as investors welcomed news that drugmaker Pfizer Inc could have a coronavirus vaccine ready in the United States by the end of this year.
WASHINGTON, Oct. 14 (Xinhua) -- The global economy is experiencing a K-shaped recovery, as advanced economies have been able to provide support while the poorest countries are facing an increasingly desperate recession, World Bank Group President David Malpass said Wednesday.
PETALING JAYA: At the height of the Covid-19 outbreak, several systemic non-bank financial institutions (NBFIs) experienced increased demand for liquidity arising from the implementation of government support measures.
SINGAPORE: Singapore’s central bank is likely to keep monetary policy unchanged as it allows fiscal measures to do the heavy lifting in getting the city-state’s economy back on track.
Unique circumstances created by the Covid-19 pandemic forced more Americans to get comfortable with financial technology, while leaving the industry wondering whether regulators will devise a reliable legal framework to support it.
KUALA LUMPUR/SINGAPORE Oct 13 (Reuters): Asia's emerging currencies and stock markets eased on Tuesday, tracking a weaker yuan and disappointment over a Covid-19 vaccine trial halt, while investors eyed political developments in Malaysia and a central bank decision in Indonesia.
A rare regime-change in economic policy is under way that’s edging central bankers out of the pivotal role they have played for decades.
KUALA LUMPUR: Solid fundamentals built over the years have accorded Malaysia some resilience to deal with COVID-19 shocks, says Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar.
MUMBAI: The Reserve Bank of India left key interest rates unchanged on Friday as widely expected, while keeping policy accommodative to help pull the coronavirus-ravaged economy out of its worst slump in four decades.