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NEW YORK: Asian shares were set to dip in choppy trade on Friday as worries about worsening U.S.-China ties offset the fillip from hopes massive government stimulus can jump-start the world economy
NEW YORK: A gauge of global equity markets climbed on Thursday on optimism for a speedy economic recovery and a massive stimulus plan in Europe helped lift regional stocksand the euro, while gold rebounded on a safety bid on deteriorating U.S.-China relations.
TOKYO: Keep calm and trust the Bank of Japan. That’s the mantra for traders in the nation’s bond market after the government boosted debt issuance by almost 40% to fund its stimulus spending.
TOKYO/NEW YORK: Asian shares and U.S. stock futures rose on Thursday as growing optimism about a global economic recovery from the coronavirus pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong.
NEW YORK: Asian shares are likely to dip on Thursday after remarks by U.S. Secretary of State Mike Pompeo that Hong Kong no longer warranted special treatment under U.S. law reignited worries about worsening relations with Beijing.
TOKYO: Japan’s government is said to have increased the amount of bonds it plans to issue this fiscal year for the third time in under two months, seeking to fund its unprecedented economic stimulus.
KUALA LUMPUR: RHB Research is keeping a “buy” call on Sarawak Oil Palms Bhd with a higher target price of RM3.10, from RM2.70 previously as its earnings for the first quarter ended March 31 (1Q20) were well above its expectations and street full-year estimates.
TOKYO: Prime Minister Shinzo Abe is doubling down on his stimulus measures with more than US$1 trillion of extra help to keep businesses and households afloat amid the coronavirus recession, a document obtained by Bloomberg showed yesterday.
KUALA LUMPUR: Crude palm oil prices may rise to RM2,300-RM2,400 per tonnne in the coming months as Malaysia's relationship with top importer India improves, industry regulator the Malaysian Palm Oil Board (MPOB) said on Wednesday.
PETALING JAYA: MBM Resources Bhd’s strong balance sheet is expected to help steer the company through the economic uncertainties and challenges that lie ahead.