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Trading ideas: Bioalpha, Press Metal, UWC, Bintulu Port, AirAsia, Uzma
KUALA LUMPUR: Bioalpha Holdings Bhd, Press Metal Aluminium Holdings Bhd, UWC Bhd, Bintulu Port Holdings Bhd, AirAsia Group Bhd and Uzma Bhd are among the stocks to watch on Friday, according to JF Apex Research.
Asia's stock rally set to pause for breath ahead of US jobs data
NEW YORK: Asian stocks were set to hold tight ranges on Friday after a mixed Wall Street session and as investors awaited key U.S. jobs data while sustained hopes about a global economic recovery kept pressure on the safe-haven dollar.
Oil price dips on uncertainty over producers' commitment to output cuts(Update)
SEOUL: Oil prices eased slightly on Friday as markets wait to see whether major producers will commit to an extension of record production cuts to support oil prices.
WHO says its representative told to leave Equatorial Guinea
DAKAR (Reuters) - Equatorial Guinea is "severely affected" by the coronavirus, the World Health Organization's (WHO) Africa head said on Thursday, as its representative in the country was told to leave.
For Venezuelans, a key obstacle for handwashing during pandemic - no running water
CARACAS (Reuters) - After going two months without running water at her home on the outskirts of Venezuela's capital Caracas, Mara Loyo stores it whenever it becomes available, in pots, pans, and even tablespoons.
Reliance Industries closes US$7bil rights issue
MUMBAI: India’s oil-to-telecoms giant Reliance Industries closed a US$7bil rights issue, India’s largest ever, luring buyers in with a rare deferred payment offer.
Higher palm oil inventory seen in May
PETALING JAYA: Palm oil inventory in May is projected to rise to the highest level since October last year, given the anticipated improved output in the same month under review, says CGS-CIMB Research.
World food price index at 17-month low, says UN food agency
ROME: World food prices fell for a fourth consecutive month in May, hit by the economic fallout of the coronavirus pandemic which has stymied demand, the United Nations food agency said.
Rimbunan to sell Baram land
KUALA LUMPUR: Rimbunan Sawit Bhd’s (RSB) wholly-owned subsidiary Woodijaya Sdn Bhd has signed a sale and purchase agreement with Muzana Plantation JV Sdn Bhd to dispose of a parcel of land located at between Sungai Bakong and Sungai Baram, Baram, Sarawak for RM53mil.
Trade war fear is causing a shift in EM fund flows
NEW YORK: When it comes to US-China friction, Asia’s loss is becoming Latin America’s gain.
