[ad_1] LONDON (Reuters) – European stock markets and oil prices fell on Monday due to a dispute between top US officials. USA And China about the origin of the coronavirus fueled fears of a new trade war, derailing a rebound in world markets. European stocks fell 2.5% in mid-morning trade, …
Read More »Proton X70 to get the N95 cabin filter
[ad_1] According to a post on the official Proton website, the X70 will be updated with a new N95 cabin filter, which will offer better filtration than the current dust and pollen filter used in the SUV. The move is in line with Geely’s initiative announced in February this year, …
Read More »PNB will diversify its portfolio, expand global exposure to 30% by 2022
[ad_1] KUALA LUMPUR: Permodalan Nasional Bhd (PNB) will tactically increase its global investments to 30% by 2022, from its current global exposure of 8.5% in late 2019 after the conclusion of its Mid-Term Review. He said Monday that he will continue to accelerate portfolio diversification through investments in new asset …
Read More »Ageson Bags Guangzhou Kaishengda RM27.5b Sand Order
[ad_1] KUALA LUMPUR (May 4): Esa Pile Sdn Bhd, wholly owned subsidiary of Ageson Bhd, has accepted a purchase order from Guangzhou Kaishengda Industrial Co Ltd (GKI) for river sand and sea sand for a period of 15 years , a contract valued at the Chinese renminbi 44.8 billion (approximately …
Read More »Asian stocks ease amid tensions between the United States and China over Investing.com’s COVID-19 comments
[ad_1] © Reuters. By Gina Lee Investing.com – Asian Shares suffered losses Monday morning as tensions between the United States and China mounted, raising investors’ fears of Another obstacle to the global economic recovery from the COVID-19 pandemic. U.S. Secretary of State Michael Pompeo said overnight that there was “Huge …
Read More »KLCI drops 2.09% on weak manufacturing data, Trump tariff exemptions
[ad_1] KUALA LUMPUR (May 4): The FBM KLCI started the month on a poorer note and fell 2.09% early in the trade as weak April domestic manufacturing data coupled with US President Donald’s tariff openings Trump against China dragged world markets. Malaysia’s manufacturing sector came under heavy pressure during April …
Read More »Bank Negara hopes to cut loans
[ad_1] HIGH Malaysia’s schedule of events this week is the announcement of Bank Negara’s Night Policy Rate (OPR). After making two 25 bps cuts in the interest rate this year, the central bank is ready to further reduce the cost of borrowing in light of the slowdown in the economy. …
Read More »COVID-19: Japan aims to speed up review of antiviral drug remdesivir
[ad_1] TOKYO: Japan will accelerate a review of Gilead Sciences Inc’s antiviral drug remdesivir so that it can be approved for domestic patients of COVID-19 one week after the US firm’s submission for such approval, the health minister said Saturday. (May 2). The comment by Health Minister Katsunobu Kato comes …
Read More »Malaysia’s banking system can handle Covid-19 challenges, says BNM deputy governor
[ad_1] Malaysia’s banking system is at its strongest, thanks to the lessons learned and the foundations laid after previous crises, but is it enough to overcome an unprecedented calamity that has affected economies around the world? Deputy Governor of Negara Malaysia Bank Jessica Chew does not rule out that the …
Read More »Pope says coronavirus vaccine must be shared worldwide
[ad_1] VATICAN CITY (Reuters) – Pope Francis called on international scientific cooperation on Sunday to discover a coronavirus vaccine and said any successful vaccine should be available worldwide. Francis, who has been delivering his Sunday address from the papal library instead of Saint Peter’s Square due to the confinement in …
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