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THE US dollar depreciated by 0.49% to 97.60 due to resurgent coronavirus infections in the US, and the prospect of improving growth abroad, souring investors’ appeal on the dollar.
MOST economists expect the Bank of Japan (BoJ) to leave its main policy settings unchanged at next week’s meeting and through the rest of the year.
LONDON: World stocks and oil prices were faltering on Friday as record-setting new coronavirus cases in several U.S. states led to worries that more lockdowns may be necessary, making a quick economic recovery unlikely.
KUALA LUMPUR: CGS-CIMB Equities Research reiterated its Overweight call on the tech manufacturing services sector as it still sees upside to valuations which have not fully priced in the steady recovery in sales and margins in CY20-21F.
KUALA LUMPUR: AmInvestment Bank research is anticipating another rate cut of 25bps in 2H2020 following Bank Negara's recent reduction of the the overnight policy rate.
PETALING JAYA: AirAsia Group Bhd needs about RM3bil in new funding and is said to have applied for bank loans in its respective operating countries to shore up liquidity.
SYDNEY: Asian shares scaled four-month peaks on Monday as investors counted on a revival in Chinese activity to sustain global economic growth, even as surging coronavirus cases delayed re-openings across the United States.
SYDNEY: Asian shares held near four-month highs on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery even as surging coronavirus cases delayed reopenings across the United States.