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HONG KONG (Bloomberg): Oil rebounded in Asian trading, after plunging below zero for the first time in history amid rapidly filling American storage tanks, as the US benchmark’s May contract entered its final trading session.
KUALA LUMPUR (Bernama): The High Court here will hear the cases of former Goldman Sachs International banker, Roger Ng Chong Hwa, who was charged with four counts of abetting Goldman Sachs pertaining to the sale of guaranteed notes and bonds belonging to a 1Malaysia Development Berhad (1MDB) subsidiary amounting to US$6.5bil (RM28.5bil).
NEW YORK: The U.S. stock market has rebounded swiftly despite a raft of terrible economic news, driven by a massive boost from the Federal Reserve, hopes of a successful reopening of the economy and possible coronavirus treatments, as well as investors' fear-of-missing-out. But not everyone is buying the bounce.
REVIEW: Recently investors have found some hope with better sentiment amid the ongoing pandemic as the United States and Europe reported declines in the number of new Covid-19 cases.
RIYADH: Saudi Arabia sold US$7bil of bonds on Wednesday as it followed other Middle Eastern states that have issued foreign debt to bolster their finances in the face of the coronavirus pandemic and plunging energy prices
TOKYO: As the coronavirus pandemic clouds the earnings outlook for Japan Inc in the midst of its most important reporting period of the year, it also threatens to crimp payouts to shareholders.
WASHINGTON (Reuters) - A record 22 million Americans have sought unemployment benefits over the past month, with millions more filing claims last week, underscoring the deepening economic slump caused by the novel coronavirus outbreak.
NEW YORK: U.S. stocks fell on Wednesday as dismal economic data and first-quarter earnings reports compounded concerns over the extent of damage from the coronavirus outbreak
Standard Chartered Plc is the first major global bank to tell employees not to use Zoom Video Communications Inc during the coronavirus pandemic.
WASHINGTON: The U.S. Department of Justice on Tuesday said it has repatriated another $300 million to Malaysia in recovered money misappropriated from 1MalaysiaDevelopment Berhad, or 1MDB, the country's sovereign wealth fund.