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DILI (Reuters) - The prime minister of East Timor withdrew his resignation on Wednesday, saying he would stay in power to oversee the battle against the coronavirus pandemic as the government approved a $250-million (£202.96 million) fund to fight it.
HONG KONG (AFP): Most Asian equities retreated Wednesday after a two-day rally as investors closely track developments in the coronavirus crisis, while the oil market continued to fluctuate ahead of a crucial producers' meeting.
BEIJING/SINGAPORE: China National Offshore Oil Corp (CNOOC) will trim annual investment by 10% to 15% in 2020, while maintaining its goal of increasing domestic crude oil and natural gas production for the year, the company said in a statement on Wednesday.
Our natural need for human contact might make it difficult to cope with being hospitalised in an isolation room or ward.
LONDON: China and other countries could be planning to build more coal plants to stimulate their economies in the wake of the novel coronavirus pandemic but nearly half of global coal plants will run at a loss this year, research showed on Wednesday.
NEW YORK: The evaporation of a rally on Wall Street in the closing minutes of Tuesday's session shows that many investors fear the U.S. stock market is in danger of a renewed tumble due to uncertainty surrounding the coronavirus pandemic.
NEW YORK: Oil slumped on Tuesday in the face of swelling crude supplies and weak fuel demand due to the coronavirus pandemic, while investors also grew cautious over expectations that the world's biggest producers would quickly agree on output cuts.
PETALING JAYA: Petronas-linked stocks were among the top gainers on Bursa Malaysia yesterday following the surge in global oil price by 50% in just one week on the prospect of Russia and Saudi Arabia cutting their production.
PETALING JAYA: Demand for electricity is expected to ease in the second quarter of the year with the implementation of the movement control order (MCO) and the sluggish economic activities foreseen thereafter due to the Covid-19 outbreak.
(Reuters) - The MotoGP season will not begin until mid-June after the Italian and Catalan races were postponed on Tuesday due to the coronavirus pandemic.