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NEW YORK: Oil prices settled lower on Friday and fell around 2% this week as production increases and renewed COVID-19 lockdowns in some countries offset optimism about a recovery in fuel demand
It was overall a good week in Malaysian equities although the bourse was a late joiner to the global optimism.
KPOWER Bhd (code:7130) made a strong advance towards the 50-day simple moving average (SMA) yesterday, which ended the sideways trading it has been seeing since March.
THE merger between Celcom Axiata Bhd and Digi.Com Bhd opens an interesting question of whether a similar merger of equals in the banking sector also needs to take place.
I WAS on my usual weekend hawker rounds in PJ last week, when an elegant lady approached me. I am so glad to see you at places where ordinary people gather – check out the prices: everything is up; not just among hawkers but also in wet markets, among fish-mongers & chicken sellers, as well as in supermarkets and street vendors.
MUMBAI: The Reserve Bank of India’s (RBI) pledge to buy as much as 1 trillion rupees (US$13.4bil or RM55.45bil) of bonds this quarter has sent a wave of relief through the sovereign debt market. However, some say the move may be insufficient in the face of the nation’s near-record borrowing plan.
KUALA LUMPUR: A surge in the share prices of Axiata and Digi following the announcement of a merger sent the FBM KLCI higher in early Friday trade.
MANILA: Current monetary policy in the Philippines is adequate to address the economic fallout of the pandemic, while there’s still scope for additional aid on the part of fiscal authorities, the central bank’s governor said.