Bloomberg Malaysia’s central bank held its benchmark interest rate at a record low, while warning of downside risks from the pandemic that threaten economy’s recovery. Bank Negara Malaysia held its overnight policy rate at 1.75% at its final scheduled meeting of the year, as expected by 17 of 22 economists surveyed by Bloomberg. The rest predicted a 25-basis point cut. …

Bloomberg Negative surprises on Covid-19 crisis may fuel further market volatility in Europe, including potential corporate defaults next year, according to Piero Noelli, co-head of UBS Group AG’s investment bank. Lockdowns in Europe and restrictions on mobility will cause a double dip in growth in the fourth quarter, he said in an interview with Bloomberg TV’s Francine Lacqua. Setbacks on …

Bloomberg Apple Inc’s 15-year relationship with Intel Corp will officially begin to unwind next week when new Mac computers are revealed. The Cupertino, California-based technology giant said that it will hold an online event dubbed “One more thing” on November 10. That “thing” will be Macs with main processors designed by Apple for the first time, replacing Intel chips that …