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BENGALURU (Reuters) - India's giant IT firms in Bengaluru and other cities have set up COVID-19 "war-rooms" as they scramble to source oxygen, medicine and hospital beds for infected workers and maintain backroom operations for the world's biggest financial firms.
NEW YORK: Morgan Stanley lost nearly US$1bil (RM4.13bil) from the collapse of family office Archegos Capital Management, the bank has said, muddying its 150% jump in first-quarter profit that was powered by a boom in trading and deal-making.
KUALA LUMPUR: S&P Global Ratings forecasts global bank credit losses of around $1.8 trillion for 2020 and 2021, which is 15% lower than its previous forecast of US$2.1 trillion made in July 2020.
HONG KONG, Jan 18 (Reuters): Former Hong Kong lawmaker Ted Hui has renewed his criticism of HSBC for freezing his local bank accounts even after the global bank's chief executive, Noel Quinn, wrote to him to explain the circumstances.
KUALA LUMPUR: Companies, including small and medium enterprises, should leverage free trade agreements such as the Regional Comprehensive Economic Partnership (RCEP) to export to countries in the Asia Pacific region
Testing times for kingdom’s transformation plan
Lender will continually evaluate whether it has the right people in the right roles
PETALING JAYA: Glove stocks have generally enjoyed a good run in the past couple of months and analysts are now divided on whether there is still room for upside on stock prices at this stage.
Standard Chartered Plc is the first major global bank to tell employees not to use Zoom Video Communications Inc during the coronavirus pandemic.
WITH the coronavirus pandemic triggering wild price swings, hedge funds have got their dancing shoes on as they seek to make the most of volatile values and atone for their underperformance in recent years.