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LONDON (Bloomberg): The scale of February’s moves have few precedents, and everyone involved is going to have stories to tell.
KUALA LUMPUR: CIMB Group Holdings Bhd has maintained a cautious outlook for 2020 after the bank reported a robust operating income last year, underpinned by steady loan growth.
NEW DELHI: The sell-off in palm oil deepened, with futures heading for their worst week in 11 years on slumping petroleum prices, weaker exports and concern about the rapid spread of the coronavirus.
KUALA LUMPUR: Bursa Malaysia was a sea of red on Friday on the back of Wall Street's third straight day of rapid decline that sent its indices into correction territory.
SYDNEY: The Australian and New Zealand dollars were heading for another week of losses on Friday as fears for the health of the global economy fuelled bets on aggressive rate cuts and drove local bond yields to all-time lows.
MELBOURNE: Australian miner Lynas Corp is talking to customers about the risks of relying too heavily on China for rare earth supplies in the wake of disruptions from the new coronavirus outbreak, the company's CEO said on Friday.
KUALA LUMPUR: Bursa Malaysia fell in early trade on Friday as investor sentiment was rattled by the worsening Covid-19 outbreak which had battered Wall Street and key Asian markets.
KUALA LUMPUR: AmInvestment Research has described the 2020 Economic Stimulus Package, launched by interim Prime Minister Tun Dr Mahathir Mohamad as a soothing balm to the rakyat, businesses and the economy as a whole, that have been affected by the recent Covid-19 outbreak.
NEW YORK: Oil prices tumbled for a fifth day on Thursday to their lowest level in more than a year, as new reports of novel coronavirus cases outside China spurred investor fears that the rapidly spreading outbreak could slow the global economy.
HONG KONG: Standard Chartered (StanChart) booked a robust 46% jump in annual profit, but warned a key earnings target would take longer to meet, as the coronavirus epidemic adds to headwinds in its main markets of China and Hong Kong.