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SINGAPORE: Palladium surged above US$2,800 an ounce, extending its record-breaking rally on forecasts for a widening deficit. Gold is trading near the highest level since 2013 on concerns over the spread of the new coronavirus and how it’s impacting global growth.
SINGAPORE: Singapore pledged billions of dollars in its budget to counter the economic fallout from the coronavirus outbreak, before elections due by next year.
PETALING JAYA: Boosted by its liquified natural gas (LNG) business and a turnaround in its petroleum segment, MISC Bhd posted a net profit that came in RM8.7% higher to RM1.42bil for the financial year ended Dec 31,2019 (FY19) from the RM1.31bil a year ago.
MUMBAI: Gold exchange-traded funds (ETFs) are popular again, as risks to the global economy escalate even as jewellery sales languish in the world’s second-biggest consumer of the precious metal.
PETALING JAYA: Banks in Malaysia may see further compression in net interest margin (NIM) by three to four basis points (bps) should the central bank cut interest rates again in the coming months to support the country’s slowing economy.
KUALA LUMPUR: Bursa Malaysia chalked up slight gains early Monday as investors pinned their hopes on the government’s move to reduce the impact of the Covid-19 coronavirus with a stimulus programme next Thursday, Feb 27.
TOKYO: Japan's economy shrank at the fastest pace in six years in the December quarter as a sales tax hike and soft global demand hurt consumption and capital expenditure, keeping policymakers under pressure to prop up growth with additional stimulus.
WITH the economic fallout mounting from the daily surge in coronavirus (Covid-19) cases, the probability of recession that had been pushed back, has picked up.
WHILE the world is now panicking on the severity of the coronavirus (Covid-19) outbreak, from a financial standpoint, how should investors react? Also is the epidemic risk the biggest risk the market is now facing?
WE are used to say the axiom: “When the Wall Street sneezes, the rest of the world catch a cold”. This time around, Wall Street is still at near record high and it has not “sneezed” but half way around the globe, we have a new bug, and the world is catching a cold. Yes, it’s the coronavirus or what is now known as Covid-19.