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I TAKE off from when I last discussed negative interest rates (NIRs) in my Sept 28,2019 column: “Getting to Grips with the World of Negative Rates.”
PETALING JAYA: Carlsberg Brewery Malaysia Bhd reported a net profit of RM72.96mil for its first quarter ended March 31, compared with RM87.60mil in the previous corresponding period, while revenue in the first three months of this year stood at RM589.87mil from RM659.92mil a year earlier.
The reopening of casinos does not necessarily mean that the crowds would flock to the gaming and entertainment centres, as seen in the Macau example. The borders have to open as well.
HONG KONG: Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s largest market for environmentally friendlier cars.
HONG KONG: Hong Kong's exchange is launching derivatives products with U.S.-based index publisher MSCI that the Singapore bourse is relinquishing, in a deal it said underpinned the territory's draw amid concerns from a new security law planned by China.
LONDON: Up to 60 English lower league soccer clubs could go out of business if the sport fails to plan for the impact of COVID-19 beyond the current season, Huddersfield Town owner Phil Hodgkinson said on Sunday.
TOKYO: Sony Corp will turn its financial arm, Sony Financial Holdings Inc, into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion), the Japanese electronics and entertainment giant said on Tuesday.
SYDNEY: China effectively banned Australian barley imports after concluding Canberra's water market was a subsidy for growers, documents showed on Tuesday, a position Australian government sources described as ludicrous.
YANGON/DHAKA/BANGKOK: Zarchi Lwin pawned her only two gold bangles for US$140 when the owner of the Myanmar factory where she sewed winter coats for British retailer Next Plc shut it down after orders dried up due to the coronavirus.