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NEW YORK: Investors eyeing a turnaround in the US economy are piling into US bank stocks even as some caution that positive stress test results and an abatement of loan losses will be needed to sustain a rally in the battered sector.
FRANKFURT: European Central Bank policy makers face the peculiar situation this week of being widely expected to announce more monetary stimulus well before they run out of the ammunition still to hand.
Consumption crashes on high prices and slowing growth
KUALA LUMPUR: Tropical rainforests disappeared at a rate of one football pitch every six seconds last year, researchers said on Tuesday, urging countries to include forest protection in post-pandemic plans
KUALA LUMUR: Affin Hwang Capital research has maintained its "underweight" call on the banking sector as it expects a deterioration in earnings moving forward.
PETALING JAYA: Public Bank Bhd’s first quarter results for the 2020 financial year (FY20) of RM1.33bil were largely within analysts estimates although it did show some effects from the Covid-19 pandemic.
AGAINST a highly challenging global economic outlook, a global recession looks imminent. The Malaysian economy is expected to see a contraction of -2% at its worst and growth of 0.5% at its best in 2020, compared with 4.3% in 2019.
CANBERRA: Prime Minister Scott Morrison has laid out his plans to reshape Australia’s post-coronavirus economy, saying improved job skills training will be essential for a changing labour market.