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SEOUL, July 16 (Xinhua): South Korea's central bank froze its benchmark interest rate at a record low on Thursday (July 16) to see the effect of the previous rate cuts earlier this year amid lingering worry about an economic fallout from the Covid-19 outbreak.
BEIJING (China Daily/ANN): China has reiterated that it would not allow banking and insurance institutions to clandestinely divert funds to bourses and the real estate sector amid renewed efforts to curb financial risks and stock market volatility, and home price spurts.
BANGKOK (The Nation/ANN): Startup companies in Thailand are suffering from liquidity problems due to lack of investments from overseas while domestic fund operators are being more cautious amid the economic contraction due to the Covid-19 outbreak.
KUALA LUMPUR: Ancom Logistics Bhd (ALB) is acquiring a S5 Holdings Inc – a global integrated security solutions provider – under a corporate exercise which will ultimately see a reverse takeover of ALB.
PETALING JAYA: Pelaburan Mara Bhd’s (PMB) wholly-owned subsidiary PMB Investment Bhd is confident of achieving RM2bil in assets under management (AUM) by the end of 2020 from RM1.33bil as at June.
FOR weeks, those of us in Asia watched the US stock frenzy with amazement – how a video game-like trading interface could lure millennials, cost fortunes and some even their lives; how Tesla Inc founder Elon Musk became richer than Warren Buffett; and why on earth retail investors were rushing to buy shares of Hertz Global Holdings Inc, even though the car rental company had filed for bankruptcy.
WASHINGTON (Reuters) - The United States and six Gulf countries on Wednesday imposed sanctions on six targets Washington has accused of supporting Islamic State operations, including by funneling hundreds of thousands of dollars to leaders of the group in Iraq and Syria.
TOKYO: The Bank of Japan kept monetary policy steady on Wednesday and maintained its view that the economy would gradually emerge from the coronavirus pandemic's devastating blow, signalling a pause after delivering stimulus twice so far this year.