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Possibility of another rate cut seen in January
HONG KONG: Hong Kong scrapped trading of stocks and bonds yesterday after tropical storm Nangka prompted authorities to shutter businesses and close schools.
MUMBAI: The Reserve Bank of India left key interest rates unchanged on Friday as widely expected, while keeping policy accommodative to help pull the coronavirus-ravaged economy out of its worst slump in four decades.
KUALA LUMPUR: Palm oil purchases by India, the biggest importer from Malaysia, are likely to climb in October from a three-month low as Deepavali, the Hindu festival of lights, drives up demand for the world’s most-consumed vegetable oil.
KUALA LUMPUR: Rising Covid-19 coronavirus cases in India will keep private spending and investment lower for longer and S&P Global Ratings expects the economy to contract much sharper than forecast.
LAST month, Dnyaneshwar Siddhanth, a farmer from India’s western state of Maharashtra, was in desperate need of money to buy seed and fertiliser as the monsoon sowing season approached
PETALING JAYA: Velesto Energy Bhd could see more downside to its earnings per share (EPS) moving forward following weaker utilisation rates, said CGS-CIMB.
MUMBAI: India is staring at a protracted slowdown as coronavirus cases reach its countryside, with signs of recovery in the rural economy hailed by Prime Minister Narendra Modi “at best a mitigating factor”, government officials and analysts said.
KUALA LUMPUR: Shares of Dayang Enterprise Holdings Bhd rose 4% in early trade Wednesday after bouncing back into profitability in the first quarter ended March 31.
PETALING JAYA: Sarawak-based construction company Hock Seng Lee Bhd’s net profit fell by 46.3% to RM7.57mil in the first quarter ended March 31, compared with RM14.11mil a year ago as it was impacted by the onset of the movement control order (MCO).