BAHANAG / WAM In the presence of King of Malaysia Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, the Emirates Red Crescent (ERC) has inaugurated the first phase of the housing project dedicated to people affected by floods that swept the state of Pahang last year. The fully serviced 123 housing units were built under the directives of President His Highness Sheikh ...

Chinese shares extended losses following last week’s selloff as a ramp-up of Covid-19 restrictions and poor economic data worsened the outlook for the market. The Hang Seng China Enterprises Index ended on Monday’s volatile session with a 1.8% loss, closing at its lowest since November 2005. Property shares plunged, while tech shares bucked the downtrend following BYD Co.’s record earnings. ...

For months, investors have been eagerly awaiting a Federal Reserve policy pivot. But now, at least for some, it might come too soon. The latest MLIV Pulse survey suggests that if the Fed Chair Jerome Powell gives any dovish Federal Open Market Committee (FOMC) signals during this week’s press conference, he might send investors scrambling. Almost half of 250 respondents polled ...