HeveaBoard Q3 results exceed expectations

Target price raised as group returns to profitability

Oil price closes at highest level since March

NEW YORK: Oil rose about 4% on Tuesday to touch highs not seen since March as a third promising coronavirus vaccine raised hope for fuel- demand recovery and U.S. President-elect Joe Biden began his transition to the White House.

Brent hits highest since March, spurred by vaccine hopes

UK's Sunak: no return to austerity in new spending plan

LONDON: British finance minister Rishi Sunak said there would be no return to austerity in a spending plan he will announce on Wednesday, even as the coronavirus crisis pushes Britain's further above 2 trillion pounds ($2.7 trillion).

Sunak starts UK’s reckoning with ruinous legacy of Covid

LONDON: Rishi Sunak will this week begin grappling with Britain’s most challenging fiscal blowout since World War II, in what will ultimately become the defining test of his tenure as chancellor of the exchequer.

PNB demonstrates resilience amid pandemic

Permodalan Nasional Bhd (PNB), the country’s largest fund manager, surprised the market this week after announcing that it plans to sell its entire stake in one of its flagship investee companies – Chemical Company of Malaysia Bhd (CCM).

Hard predicting in the age of polarisation

THE United States elections are nearly over, maybe. The country is divided down the middle but we still do not know whether the loser will get out of his playpen and concede to the winner.

Taiwanese businesses boost investment into China

TAIPEI: Taiwanese businesses boosted investment into China this year, despite Taipei’s push to reduce economic reliance on its giant neighbor amid a U.S.-China trade war and a growing military threat from Beijing.

Oil prices slip as surge in virus cases raises concerns about demand

Post-Brexit UK announces largest military investment since Cold War

LONDON: Britain has announced the biggest investment in its military since the end of the Cold War, despite the coronavirus crisis pummelling the economy, as the government seeks to define its post-Brexit role on the world stage