Stock Market & Investment News
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Moody's lowers global GDP forecast as Omicron increases uncertainty, downside risk
KUALA LUMPUR: Global gross domestic product (GDP) is expected to grow by 5.5 per cent this year and 4.1 per cent in 2022 as the Omicron variant’s arrival increases uncertainty and downside risk about the near-term trajectory, according to Moody’s Analytics. Read full story
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Oil prices edge higher, but Omicron coronavirus variant worries linger
SINGAPORE: Oil prices eked out small gains on Tuesday, recouping losses earlier in the day triggered by investor worries about demand after renewed restrictions were imposed in Europe and Asia amid a rise in coronavirus cases. Read full story
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Dyson supplier ATA asks Malaysia to drop charges it violated worker accommodation laws
MALAYSIAN parts maker ATA IMS said on Tuesday it has asked for charges that it violated labour laws to be dropped, saying any infractions were caused by “challenges presented during the pandemic”. Read full story