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BOSTON: As Americans go to the polls, some of the more influential observers of the election process will be the agencies that determine the country’s credit rating.
PETALING JAYA: Kumpulan Powernet Bhd (Kpower) is making a foray into the logistics business with its proposed acquisition of a 51% stake in chemical and gas logistic transportation and forwarding services company, Chemtrax Sdn Bhd, for RM10mil cash.
NEW YORK: Wall Street shares closed higher Tuesday on growing optimism that U.S. lawmakers are nearing a deal on a stimulus package aimed at cushioning the economic shock from the coronavirus pandemic.
MUMBAI: The Reserve Bank of India’s decision to double secondary market bond purchases and its preference for a soft yield-control policy suggest Governor Shaktikanta Das plans to keep the government’s borrowing program afloat without breaking the monetary taboo of direct financing.
SDYNEY: Japan’s record-buying spree of Australian bonds may cool off with the Reserve Bank of Australia (RBA) mulling an expansion of its quantitative easing programme.
ZURICH: UBS on Tuesday posted a 99% jump in third-quarter profit on heavy turnover in global markets, helping the bank to a strong performance in investment banking as well as an unexpected rise in earnings for wealth management.
KUALA LUMPUR: Affin Hwang Asset Management Bhd had on Tuesday launched Affin Hwang World Series – Global Disruptive Innovation Fund.