Credit scores of several Indian shadow lenders were downgraded by S&P Global Ratings due to liquidity risks amid the pandemic-induced economic downturn. ( read original story ...)
Post-Pandemic Central Asia: Opportunities and challenges
Countries world over, were slow to acknowledge COVID-19 as a global pandemic. That is why, in beginning, Central Asian states too appeared to be zero-virus islands without confirmed corona infected ... ( read original story ...)
China State Firms’ Profits Fall 52.7% Year-On-Year in Jan-May: Finance Ministry
May, according to a statement from the country's Finance Ministry on Monday, to 663.1 billion yuan ($93.67 billion). ( read original story ...)
Syrian regime cancels several contracts with tycoon Rami Makhlouf: Document
Earlier this month, embattled Syrian businessman Makhlouf described his situation as a “farce”. (File photo) The Syrian government has canceled several business contracts with embattled tycoon Rami ... ( read original story ...)
Traders in Bengal’s Panitanki stop business with Nepal over controversial political map
Traders of Panitanki, the town situated near the India-Nepal border near Siliguri, have decided not to sell any Indian products to Nepali citizens following the tensions between two neighbouring count ... ( read original story ...)
Malaysia calls for cohesive economic measures among Asean members
Malaysia has called for cohesive economic measures among Asean member states to build socioeconomic resilience in mitigating the impact of Covid-19, said the International Trade and Industry Ministry ... ( read original story ...)
Malaysia EPF Names Saturna Sdn Bhd Best International Equity Fund Manager
Malaysia’s Employees Provident Fund in May announced the winners of its 2019 External Fund Managers Awards, selecting Saturna Sdn Bhd for two awards i ... ( read original story ...)
Business expected to remain contractionary despite improved outlook
Business sentiment among Malaysia companies have improved slightly despite remaining in the contractionary zone in Q3’20, according to ... ( read original story ...)
Saudi’s Samba Shares Surge After $15.6 Billion Takeover Bid
Samba Financial Group jumped in Saudi Arabia after rival National Commercial Bank, the kingdom’s largest lender by assets, offered to acquire it for as much as $15.6 billion.The shares advanced 9.9% ... ( read original story ...)
South Korea Finance Minister Sees Third Extra Budget as Last
South Korean Finance Minister Hong Nam-ki sees a third extra budget pending approval in parliament as the last for this year and said the economic shock from the coronavirus pandemic may have bottomed ... ( read original story ...)