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MUMBAI: Asia’s richest man has entered a new league of wealth. The net worth of Mukesh Ambani, chairman of Reliance Industries Ltd, has jumped to US$64.5bil, making him the only Asian tycoon in the exclusive club of the world’s top 10 richest people
LONDON: Investors managing £1.8 trillion (US$2.2 trillion) in assets are widening a campaign pressing oil majors to better reflect climate risks in their accounting, and will soon target other businesses with heavy fossil fuel exposure, the group said yesterday.
TUNIS (Reuters) - Demonstrators threw stones at police and blocked roads in the southern Tunisian city of Tataouine on Monday, drawing salvoes of tear gas to disperse them, in an escalation of protests over high unemployment, witnesses said.
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MANY of the world’s leading investors are concerned that the recent gains in the U.S. stock market are overdone, given the uncertain economic outlook and the risks of a second wave of the Covid-19 virus. But American equities are in very good company.
SINGAPORE: Oil prices nudged higher on Monday on tighter supplies from major producers, but concerns that a record rise in global coronavirus cases could curb a recovery in fuel demand checked gains.
LONDON: Gold, forests, property stocks, inflation-linked bonds - these are just some of the assets investors are pouring money into on the view that the recent explosion of government spending and central bank stimulus may finally rouse inflation from its decade-long slumber
PETRONAS, the national Malaysian energy conglomerate that has the singular distinction of being the only Malaysian corporation included in the Fortune Global 500, is continuing its unwavering 45-year-long commitment to supporting and grooming the nation’s future talents and leaders with its trademark educational sponsorship programme.
JOHOR BARU: Johor Corp (JCorp) has identified potential investments worth RM17.4bil for the Pengerang Industrial Park (PIP) near Kota Tinggi, which will become the premier regional hub for the processing of downstream products based on oil and gas (O&G).
NEW YORK: Oil prices rose on Friday but pulled back sharply from early highs on concerns that continued spread of the novel coronavirus could stall the United States' economic rebound.