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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.
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.
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.
SINGAPORE: Banks are suspending the credit lines for some Chinese independent oil refineries amid rising concerns about overall industrial defaults and as the coronavirus outbreak has eaten into the processors’ fuel sales.
DUBAI: JPMorgan has initiated coverage of Saudi Aramco’s shares with an “overweight” rating and a price target of 37 riyals (US$9.86) per share, saying it sees scope for the company to increase its proposed US$75bil base dividend.
BEIJING: JPMorgan Chase & Co is seeking 100% ownership of its futures joint venture in China, according to a person with knowledge of the matter, making it the first global bank to take advantage of the opening of the nation’s futures market, where transactions topped US$30 trillion last year.