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NEW YORK: Gobal equity markets edged higher and bond yields eased off earlier lows on Thursday as investors awaited word on a new U.S. aid package to counter economic fallout from the coronavirus crisis.
LONDON: The Bank of England looks set to hold off from taking further action to help Britain's economy through the coronavirus pandemic on Thursday as it waits to see the scale of an expected surge in unemployment.
WASHINGTON: The U.S. economy could benefit if the nation were to "lock down really hard" for four to six weeks, a top Federal Reserve official said on Sunday, adding that Congress can well afford large sums for coronavirus relief efforts.
NEW YORK: Wall Street's main indexes closed higher on Monday as investors bet on some of the market's most high-profile stocks ahead of earnings reports while they weighed progress in U.S. government stimulus efforts against rising U.S. COVID-19 cases.
WASHINGTON: The number of Americans filing for unemployment benefits unexpectedly rose last week for the first time in nearly four months, suggesting the labor market was stalling amid a resurgence in new COVID-19 cases and depressed demand.
KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) posted wider net losses of RM397.02mil in the second quarter ended June 30,2020 due to an impairment loss of RM300mil.