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Oil prices fell 4% per barrel on Thursday, extending a string of market weakness on renewed lockdowns in Europe and Asia to head off a rising coronavirus infection rate.
NEW YORK: The dollar rallied to four-month highs and global equity benchmarks edged higher Thursday as investors looked past rising coronavirus cases in Europe and focused on signs that the U.S. economy was rebounding from the pandemic faster than anticipated.
SINGAPORE: Oil prices fell more than 2% as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the Suez Canal.
KUALA LUMPUR: The FBM KLCI ended on the 1,600-point psychological level going into the lunch break as investors remained cautious over ongoing headwinds.
KUALA LUMPUR: Bursa Malaysia looked set to extend its recovery as it opened on a stronger footing following yesterday's late-session rebound.
NEW YORK: Oil prices jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week.
LAS VEGAS: Las Vegas Sands Corp, the world’s largest casino operator by market value, agreed to sell its properties in Las Vegas to Apollo Global Management Inc and Vici Properties Inc for US$6.25bil (RM25.6bil), refocusing the company on its successful Asian resorts and other potential opportunities in the US
MEXICO CITY: Malaysia-flagged LNG tanker Seri Balhaf could be the first to arrive in Mexico after departing from Freeport, Texas, on Wednesday. Loaded this week, it is carrying 151,300 cubic meters of LNG bound for Altamira in the Gulf, the data showed.
KUALA LUMPUR: MISC Bhd posted a net loss of RM43mil in the financial year ended Dec 31,2020 (FY20), versus a net profit of RM1.43bil in the previous year due mainly to the adverse impact of its legal dispute with Sabah Shell Petroleum Co Ltd.
KUALA LUMPUR: MISC Bhd posted a net loss of RM43mil in the financial year ended Dec 31, 2020, versus a net profit of RM1.43bil in the previous year due mainly to the adverse impact of its legal dispute with Sabah Shell Petroleum Co Ltd.