KUALA LUMPUR, Feb 1 — As the 2019 novel coronavirus continues to grip global fears, the ringgit is expected to test the psycological level of 4.10 next week, with a downtrend momentum in the offing. FXTM market analyst Han Tan said during the holiday-shortened week due to the Lunar New Year,...
Saturday, 01 Feb 2020 10:33 AM MYT
FXTM market analyst Han Tan said during the holiday-shortened week due to the Lunar New Year, investors had to deal with troubling headlines surrounding the coronavirus outbreak, causing a risk sentiment. Tan added that should fears over the outbreak threaten a prolonged pullback in global manufacturing activity due to an expected slump in demand, that could dampen the 2020 outlook for the worldwide economy.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ringgit retreats as coronavirus worries spike globally | Malay MailKUALA LUMPUR, Jan 31 — The ringgit continued its retreat at close today as the World Health Organisation declared the 2019 novel coronavirus as a global health emergency, triggering economic concerns globally. At 6pm, the ringgit was quoted at 4.0960/1000 against the greenback from 4.0870/0910 at...
Read more »
Virus fears spark mask queues and empty shelves in Hong Kong | Malay MailHONG KONG, Jan 30 — Long queues form at pharmacies and crowds of panic-buyers strip supermarket shelves in Hong Kong as fears spread through the crowded metropolis over China's new coronavirus epidemic. As a city that lost nearly 300 people to the SARS virus in 2003, Hong Kongers are taking few...
Read more »
Yen, franc gains on China virus fears; yuan tumbles | Malay MailLONDON, Jan 30 — The rising death toll from a virus spreading in China sent investors scurrying to the shelter of the Japanese yen and the Swiss franc while China’s yuan tumbled to a one-month low. The Chinese yuan in the offshore market, widely considered as a barometer of risk sentiment...
Read more »
WHO declares Wuhan virus a global emergency but urges calm | Malay MailKUALA LUMPUR, Jan 31 — The World Health Organisation (WHO) has declared the novel coronavirus (2019nCoV) outbreak a “global health emergency” after human to human transmission was reported outside China. WHO director-general Dr Tedros Adhanom Ghebreyesus announced the decision after the...
Read more »
Japanese billionaire Maezawa pulls out of dating show that promised the moon | Malay MailTOKYO, Jan 30 — Japanese fashion billionaire Yusaku Maezawa has pulled out of a documentary search for a girlfriend to take on his voyage around the moon with Elon Musk’s SpaceX, citing his “mixed feelings” about participating. This month, the 44-year-old announced he was seeking single...
Read more »
Deutsche Bank reports fifth annual loss in a row in 2019 | Malay MailFRANKFURT AM MAIN, Jan 30 — Germany’s biggest lender Deutsche Bank said today that it lost €5.7 billion (US$6.3 billion) in 2019, its fifth annual loss in a row and its second-worst ever result. Deutsche’s net result was significantly worse than the €5.3-billion loss forecast by analysts...
Read more »