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NEW YORK: The coronavirus pandemic dealt a relatively modest US$2.5bil blow to five insurers with large US operations in the second quarter – a cost that was far less than feared and which the industry has absorbed without touching capital, according to analysts.
JAKARTA: Indonesia is working on a second stimulus package to shore up South-East Asia’s biggest economy, adding to the central bank’s aggressive moves to counter the impact of the coronavirus on financial markets.
JAKARTA: After spending more than US$6bil to stem the exodus of foreign investors from Indonesian assets last month, Bank Indonesia has signalled it’s ready to splurge more to defend the nation’s battered currency and bonds.
SYDNEY: Global shares and oil extended losses on Monday while safe-haven gold soared as the spread of the coronavirus outside China accelerated with infections jumping in South Korea, Italy and the Middle East, in a worrying new development in the outbreak.
LAST week, an unexpected event unfolded following Cycle & Carriage Bintang’s (CCB) failure to obtain the necessary approval from uninterested shareholders for its proposed selective capital repayment (SCR) exercise.
HANOI: Trade between Vietnam and China fell sharply in January due to the week-long Lunar New Year holiday and coronavirus outbreak that has led to transport and supply chain disruptions
KUALA LUMPUR: CGS-CIMB Equities Research is retaining its overweight outlook on glove makers with Kossan and Top Glove as top picks.
A California jury on Monday awarded more than US$2 billion to a couple who claimed Bayer AG's glyphosate-based Roundup weed killer caused their cancer, in the largest U.S. jury verdict to date against the company in litigation over the chemical.
KUALA LUMPUR: Malaysia’s previous public procurement deals worth multi-million ringgit have come under scrutiny, as the Malaysia Competition Commission (MyCC) intensifies its investigation into potential bid-rigging practices involving a few hundred companies in several government tenders.