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LONDON (Reuters) - The "frothy" U.S. market for special purpose acquisition vehicles (SPACs) could see investors coming off "poorly", London Stock Exchange Chief Executive David Schwimmer warned on Friday after proposals for Britain to loosen SPAC listing rules.
BEIJING: China plans to step up oversight of financial holding companies and the nation’s booming fintech industry, Premier Li Keqiang said, setting the tone for closer scrutiny over the next five years of behemoths including Jack Ma’s Ant Group Co.
BEIJING: China on Friday set a modest annual economic growth target, at above 6%, and pledged to create more jobs in cities than last year, as the world's second-biggest economy emerged from a year disrupted by the effects of COVID-19.
KUALA LUMPUR: Oil and gas (O&G) stocks are among the most active stocks on Bursa Malaysia in early trade Friday as oil prices hit its highest in over a year.
KUALA LUMPUR: Stocks to watch on Friday include Sasbadi Holdings Bhd, MPHB Capital Bhd, Sunway Bhd and Lotte Chemical Titan Holding Bhd, according to JF Apex Research.
NEW YORK: Stronger economic data should push the benchmark 10-year U.S. Treasury yield up to 1.9% by the end of 2021, according to Goldman Sachs' latest forecast released on Thursday.
NEW YORK: Wall Street slumped on Thursday and global stock markets declined after U.S. Federal Reserve Chair Jerome Powell repeated his pledge to keep credit flowing until Americans are back to work, rebutting investors who have openly doubted he can stick to that promise once the pandemic passes.
KUALA LUMPUR: Lotte Chemical Titan (LCT) Holding Bhd has declared a dividend of 3.27 sen per share for the financial year ended Dec 31,2020 (FY20) and remains upbeat for this year as product prices are on an upward trend.
WITH the second wave of the pandemic came the second lockdowns – and now evidence of the second household savings stash, too.