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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.
FBM KLCI back to pre-Covid-19 level
Benchmark index powers to 1,561.84, recovers from all of its virus-linked losses
Norway oil firms slash investment plans amid pandemic
OSLO: Norwegian oil and gas investment, a key economic driver, is now expected to decline sharply in 2021 after rising less than previously anticipated this year, an industry survey by the national statistics agency (SSB) showed.
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.
Pandemic exposes cracks in oil majors’ bet on plastic
SINGAPORE: The energy industry’s bet that a petrochemicals boom would support decades of oil and gas sales growth is on shaky ground as an already saturated plastic market is hit by a coronavirus demand shock
Malaysia to return to trade surplus soon
PETALING JAYA: Malaysia’s trade balance for April 2020 suffered its largest deficit since 1984 but could return to a surplus for May, according to economists.
SCIB holds virtual EGM, all resolutions passed
KUALA LUMPUR (Bernama) -- Sarawak Consolidated Industries Bhd (SCIB), which successfully concluded its extraordinary general meeting (EGM) yesterday via live streaming, today said its shareholders have passed all four resolutions presented to them during the meeting.
Erdogan says Turkey to increase support for Libya's Serraj
ANKARA (Reuters) - President Tayyip Erdogan said on Thursday Turkey will increase its support for Libya's internationally recognised leader Fayez al Serraj and that the conflict there can only be resolved politically under the auspices of the United Nations.
Stocks slump in US and Europe
NEW YORK: Stocks slumped in the U.S. and Europe as concern the recent rally had gone too far too fast overshadowed new stimulus measures and encouraging economic data.
