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NEW YORK: The dollar bounced off two-year lows and a gauge of global equity markets halted its march toward a record high on Friday, as better-than-expected U.S. jobs growth in July was tempered by the wrangles in Washington over a new stimulus bill.
SINGAPORE Aug 7 (Reuters): Tensions over a planned US ban on major Chinese apps hurt most Asian markets on Friday, with Philippine stocks taking an added hit after a jump in coronavirus infections lifted the country's case load to the highest in South-East Asia.
BENGALURU: Emerging-market (EM) currencies are expected to rise a bit further in coming months as a sliding United States dollar offsets domestic worries about large economic imbalances stemming from the coronavirus pandemic, a Reuters poll showed.
SINGAPORE: Singapore banks are likely to report their average net interest margins fell the most quarter-on-quarter in 18 years as interest rates weakened, while profits on the year are seen taking a hit from the impact of the COVID-19 pandemic and weak asset quality.
SINGAPORE, Aug 3 (Reuters): Philippine stocks tumbled on Monday as data showing a plunge in May remittances accelerated a sell-off initially fuelled by concerns over a lockdown extension in and around the capital.
TikTok owner ByteDance has accused Facebook of plagiarism and smears although it did not elaborate on the accusation.
KUALA LUMPUR, Aug 1 (Bernama): The ringgit will likely continue its uptrend against the US dollar next week as market sentiment towards Asian currencies continues to thrive amidst the wobbly US dollar.
Chief executive cautions pandemic would weigh on performance
SINGAPORE, July 27 (Reuters): Philippines shares sank more than 2% on Monday, deepening a sell-off this month, as coronavirus cases mounted and the country's central bank gave a grim economic outlook for 2020 ahead of a state of the nation address from President Rodrigo Duterte.