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SOME top advisers to President Donald Trump want the U.S. to undermine the Hong Kong dollar’s peg to the U.S. dollar as the administration considers options to punish China for recent moves to chip away at the former British colony’s political freedoms, according to people familiar with the matter.
BOGOTA (Reuters) - Colombia's national lockdown to control the spread of coronavirus will be extended by just over two weeks until Aug. 1, President Ivan Duque said on Tuesday.
NEW YORK: Central bank firepower helped stock market bulls finish the first half of 2020 on a high. Now the rally hinges on follow-through in the third-quarter from economic data, company earnings and the coronavirus newsflow.
NEW YORK: U.S. stocks fell on Tuesday, adding to losses into the close, as investors took profits a day after the S&P 500 logged its longest streak of gains this year and as new U.S. coronavirus cases rose further.
Central bank agrees to purchase US$27.4bil bonds
SYDNEY: Australia’s central bank holds its cash rate at an all-time low, in a widely expected decision, and says it will help buttress the economic recovery by maintaining its accommodative approach for “as long as it is required.”
SINGAPORE: Analyst confidence in Singapore Exchange Ltd (SGX) is gradually being restored after the bourse operator lost all of its buy recommendations over a month ago
KUALA LUMPUR: Malaysia’s three key state funds are looking to increasingly invest their more than RM1 trillion (US$234bil) of assets overseas, Bloomberg reported.
KUALA LUMPUR: Malayan Banking Bhd, RHB Bank Bhd and CIMB Bank have announced that they are lowering their base rates (BR) and base lending rates (BLR) by 25 basis points after Bank Negara’s reduction in the overnight policy rate (OPR).