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BEIRUT (Reuters) - Lebanese consumers feeling the pinch from rising living costs amid an economic crisis are likely to be squeezed even tighter as more local pounds and less U.S. dollars come into circulation, pushing up inflation.
TOKYO: Asian shares steadied on Friday in holiday-thinned trade for the Lunar New Year, despite fears that a new coronavirus from China could spread rapidly as millions of people travel over the week-long break.
KUALA LUMPUR: Affin Hwang Capital research maintained its buy call on KLCC Property Stapled Group following a solid result for its 2019 financial year.
Investors took long positions in all Asian currencies for the first time since June 2017 as an initial trade truce between the United States and China revived appetite for riskier assets
SINGAPORE: Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the spread of a respiratory virus from China that has killed 25 so far dents travel and darkens the economic outlook.
Analysts say Bank Negara's rate cut will protect growth amid headwinds
ROME (Reuters) - Italian Prime Minister Giuseppe Conte cancelled a planned trip to the World Economic Forum meeting in Davos on Thursday, a day after the head of the co-governing 5 Star Movement resigned, piling pressure on his divided coalition.
JAKARTA: Indonesia's central bank kept its benchmark rate steady on Thursday, as expected, saying current policy was conducive to anchoring inflation, supporting economic growth and maintaining financial market stability.
NEW YORK: World stock markets gained back some ground on Wednesday as investors took heart from measures to curb the spread of a flu-like virus from China, while oil prices tumbled on a forecast for a market surplus.