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SINGAPORE: James Li, a public relations account director, would rather spend an hour sitting in Beijing traffic than risk 30 minutes exposed to crowds on a train. “Traffic is as bad as it could be” but the subway is still too dicey, he said.
FOR the first time in weeks the oil news isn’t all bad. Output cuts are starting to make big inroads into supply, and demand is beginning to recover, ever so slightly, as something more like normal life resumes in parts of the world.
ROME/WASHINGTON: Italy and the United States were among a slew of countries tentatively easing coronavirus lockdowns on Monday to revive economies as global deaths surpassed a quarter of a million
MARUTI Suzuki India Ltd., which produces more than half the cars on India’s roads, recorded no sales in the domestic market last month after output was shuttered.
SHANGHAI: Traffic is returning to the streets of China’s biggest cities as the nation emerges from a virus-led lockdown, prompting a boost in fuel consumption that’s supporting a recovery in refinery processing rates.
SINGAPORE: Most Southeast Asian stock markets were subdued on Monday, as an agreement by OPEC and its allies to slash oil output did little to calm investors plagued by the incessant spread of the new coronavirus, while Philippine shares rose on hopes of policy easing.
KUALA LUMPUR: Shares in Permaju Industries Bhd rose over 10% in early trade Tuesday after the company inked a deal to make Hong Kong firm’s sanitiser for Southeast Asian market market.
SINGAPORE: Southeast Asian stock markets rose on Tuesday as data showed China factory activity unexpectedly expanded in March after contracting to a record low in the previous month even though the coronavirus pandemic showed few signs of abating.