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MUMBAI: Investors in India’s US$2.8 trillion (RM11.53 trillion) equity market are underestimating the economic impact from the world’s worst coronavirus outbreak, which will delay any recovery and could trigger a “correction” in stocks, according to the country’s top-performing fund manager.
LONDON: When much of the global economy locked down last year, insurers, facing estimated losses of more than US$100bil (RM410bil) globally, reached straight for their red pens to strike pandemic cover from all new business policies.
Rizal Rickman Ramli has been appointed as chairman of Sime Darby Property Bhd with effect from Friday, succeeding Tan Sri Dr Zeti Akhtar Aziz who has retired after assuming the position in July 2018.
China’s Big Four state-owned banks’ first-quarter earnings growth comes in line with analysts’ expectations
China Construction Bank led the profit growth, reporting a net income of 83.1 billion yuan (US$12.85 billion), up 2.8 per cent year on yearICBC was the only major bank that did not see a drop in its bad-loan ratio, which was unchanged at 1.58 per cent at the end of March
DRIVEN by the Covid-19 pandemic, numerous new players in the country are getting into glove manufacturing. Many of these are by public companies whose announcements have attracted a fair bit of investor interest, considering the bumper profits the large players have been reporting since last year.
(Reuters) - Cathie Wood's flagship Ark Innovation fund has allowed its stake in Tesla Inc, its largest holding, to slip below 10% this week for the first time in over a month.
(Reuters) - Bitcoin's volatility is its main attraction as that is what gives the cryptocurrency its exponential rises, ex-Goldman Sachs bitcoin enthusiast Raoul Pal said.
The competition between Wang Xing’s Meituan and fellow tech billionaire Jack Ma’s Alibaba Group Holding Ltd is turning into one of the great rivalries in Chinese business.