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NEW YORK/LOS ANGELES: The decades-old drug that President Donald Trump has persistently promoted as a potential weapon against COVID-19 has within a matter of weeks become a standard of care in areas of the United States hit hard by the pandemic — though doctors prescribing it have no idea whether it works.
KUALA LUMPUR: RHB Investment Bank Bhd is forecasting a zero per cent growth for the country this year, which is within the range of Bank Negara Malaysia's (BNM) real gross domestic product (GDP) growth projection.
(Reuters) - The US recession is here. How long it will last will depend on the course of a viral pandemic that could still kill hundreds of thousands of Americans, and has most of the country under lockdowns aimed at slowing the infection's spread.
WASHINGTON: President Donald Trump and his top healthcare advisers urged Americans on Tuesday to follow strict social distancing measures ahead of a "tough two weeks" that could see at least 100,000 deaths from the coronavirus in the United States.
NEW YORK: Strategists at JPMorgan Chase & Co have concluded that most risk assets – a universe that typically includes stocks and credit – have seen their low points for the recession that’s gripped economies around the world.
SINGAPORE: The dollar snapped a week of declines and the safe-haven yen rose on Monday, as coronavirus lockdowns tightened across the world and investors braced for a prolonged period of uncertainty.
KUALA LUMPUR: The government’s RM250bil stimulus package has not gone down well with owners of small and large businesses.
Across the world, as governments take their first economic stimulus measures to address the Covid-19 crisis, debate is intensifying over the right form and size of that assistance. But this discussion hasn’t yet come to grips with five fundamental realities.
PETALING JAYA: Fear of uncertainty has caused markets all over the world to swing in a volatile manner.