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NEW YORK: Oil prices rose near 2% on Tuesday, advancing with other financial markets on U.S. Election Day although traders were bracing for volatility depending on the voting results and as surging coronavirus cases around the world fed worries about fuel demand.
ABU Dhabi’s government has stumped up around $22 billion for Etihad Airways since it began flying in 2003, underscoring the ambition of the oil-rich emirate to turn its national carrier into a global player before the effort faltered in recent years.
WITH Asian economies starting to show signs of recovery from the pandemic-induced recession, it is crucial that the policies of the newly elected United States president do not disrupt this momentum.
CHEN Wu frantically clicked the order button on his online brokerage account as the clock struck noon.
KUALA LUMPUR: Despite the still-cloudy outlook, Kenanga Investment Bank Research has upgraded British American Tobacco (M) Bhd (BAT) following its recent earnings outperformance.
JAKARTA: The United States has praised the Indonesian government’s effort in addressing the issues of regulatory roadblocks, corruption and non-transparency in the business sector as it seeks to strengthen economic ties with the archipelagic country.
PETALING JAYA: British American Tobacco (M) Bhd’s (BAT) net profit for its third quarter ended Sept 30,2020 dropped 23% to RM63.74mil from RM83.13mil in the previous corresponding period, as business was affected by the Covid-19 pandemic and the growing tobacco black market.
SYDNEY: Australia’s two biggest share listings this year will highlight a polarised investment landscape: the strong, expanding allure of high-growth technology, versus entrenched demand for coal-linked assets that offer a steady stream of high dividends.
HANOI: AES Corp will sign a deal with PetroVietnam Gas to develop a US$2.8bil liquefied natural gas (LNG) import terminal and a power plant in Vietnam, according to US secretary of state Mike Pompeo.