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Investors celebrate Biden winning US presidency
NEW YORK: Investors and financial executives took a big sigh of relief on Saturday after major networks declared Democrat Joe Biden winner of the U.S. presidential election, offering some certainty after days of conflicting reports about who might run the White House next term.
EU set to impose tariffs on $4 bln U.S. goods next week
BRUSSELS/WASHINGTON: The European Union is poised to move next week to impose tariffs on $4 billion of U.S. imports in retaliation for U.S. subsidies for planemaker Boeing, EU diplomats said, teeing up an eleventh-hour showdown with U.S. President Donald Trump.
ANALYSIS-High-flying US tech stocks get post-election lift, near new highs
NEW YORK: A weaker-than-expected election performance by Democrats and fears of new coronavirus restrictions have prompted investors to double down on high-flying technology stocks, which have come roaring back in recent days to put the Nasdaq within striking distance of a record.
Oil falls 4% as U.S. vote count continues, coronavirus cases rise
NEW YORK: Oil settled below US$40 a barrel on Friday as rising global coronavirus cases stoked fears about lackluster demand and as drawn-out vote counting in the U.S. presidential election kept markets on edge.
Short positions - Will Covid test price drop?
The cost of doing the test is a deterrent for anybody wanting to undergo a screening. To encourage mass and voluntary testing, the price has to come down.
Global roller-coaster ride
AMERICAN voters have made their choice. But the margins are so narrow that we will only know who wins after all the mail-in ballots are counted.
Boustead MD set to leave
KUALA LUMPUR: Boustead Holdings Bhd said its managing director Datuk Seri Amrin Awaluddin is leaving the company on Nov 15 to pursue other opportunities.
Amrin to leave Boustead on Nov 15
KUALA LUMPUR: Boustead Holdings Bhd said its managing director (MD) Datuk Sri Amrin Awaluddin is leaving the company on Nov 15 to pursue other opportunities.
Oil falls amid European lockdowns, US election uncertainty
NEW YORK: Oil prices fell nearly 1% on Thursday, weighed down by the steady rise in coronavirus infections and as the outcome of the U.S. presidential election had still not been settled.
ANALYSIS-Wall Street worries tight U.S. election clouds pandemic fight, stimulus
NEW YORK: With the U.S. presidential election result a nail-biter, bankers, traders and financial analysts on Wednesday said Wall Street was worried the ultimate presidential winner could struggle to work with a divided Congress to fight the coronavirus pandemic and pass a quick economic stimulus package.
