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Oil prices steady as virus deaths rise, demand worries persist
NEW YORK: Oil prices were little changed on Tuesday as rising coronavirus deaths fed worries about the global demand outlook, but losses were capped by reports of a blast in Saudi Arabia.
World’s largest crop traders rewarding Wall Street
CHICAGO: Wall Street is finally reaping the benefits of investing in the world’s top agricultural commodities traders.
Shopee scales up Brazil ops
SINGAPORE: Shopee, the e-commerce arm of SEA Ltd, is scaling up its operations in Brazil and evaluating the long-term potential of Latin American markets, according to two people with knowledge of the matter.
China was largest recipient of FDI in 2020
China was the largest recipient of foreign direct investment in 2020 as the coronavirus outbreak spread across the world during the course of the year, with the Chinese economy having brought in US$163 billion in inflows.
Rebound seen in corporate earnings
PETALING JAYA: Optimism over the Covid-19 vaccine developments and improving corporate earnings will continue to drive global equity markets including Malaysia in 2021, say analysts.
Something fishy is going on in American kitchens
IF you could peek inside America’s cupboards and refrigerators, you’d see tableaus that capture changes wrought by the pandemic: Towers of paper goods, loads of comfort food, caches of upmarket coffee.
GLOBAL MARKETS-Weak data, earnings drag stocks lower
NEW YORK: A gauge of stocks across the world slipped from record highs on Friday and the dollar edged up against a basket of peers as weak economic data and underwhelming earnings drove investors to reverse some recent risky bets.
US trumped out in trade war
AS we now welcome the era of Bidenomics over the next four years, one cannot help but to review the impact of the previous US president’s tenure which ended just three days ago.
Samsung considers US$10bil Texas chip-making plant
SAMSUNG Electronics Co is considering spending more than US$10bil building its most advanced logic chip-making plant in the US, a major investment it hopes will win more American clients and help it catch up with industry leader Taiwan Semiconductor Manufacturing Co (TSMC).
