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Govt to provide cash compensation, working capital investments
OSLO: In one of the world’s richest countries, the finance minister may soon need to break the spending record he just set.
Equities have lagged behind in market’s recent rally
DUBAI: Saudi Arabia’s sovereign wealth fund has bought minority stakes in major American companies including Boeing, Facebook and Citigroup, a regulatory filing showed, giving it a portfolio of nearly US$10bil in US-listed stocks.
NEW YORK: In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production. But few expected that the cuts would run this deep -- and happen so quickly.
JAKARTA: Indonesia is planning an US$8.6 billion bailout for 12 state-owned firms, to reduce the impact of the coronavirus pandemic, mostly as cash compensation and working capital investments, according to government documents reviewed by Reuters.
THE outlook for the oil and gas (O&G) industry remains bleak, with the ongoing Covid-19 pandemic and lacklustre oil prices.
Local bourse surges to 9.23 billion shares traded at a value of RM3.87bil
Oil and gas exposure and the worsening economy the cause