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KUALA LUMPUR: The pace of foreign net selling on Bursa continued to slow down last week, according to MIDF Research.
KUALA LUMPUR: Bursa Malaysia kicked off Monday on a cautious note as worries about the outlook for the economy were confirmed by Bank Negara’s forecast while foreign selling continued to weigh.
Sydney: Oil prices skidded on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases.
LONDON (Reuters) - Formula One is in "a very fragile state" due to the new coronavirus crisis and risks losing some of its 10 teams unless some big changes are made, McLaren boss Zak Brown warned on Sunday.
MADRID (Reuters) - Celta Vigo's Russia international Fedor Smolov has flouted Spain's lockdown to return to his home country, becoming the second Celta player to break the rules of the state of emergency to fight the coronavirus, Spanish newspaper AS reported.
NEW YORK: As the true economic impact of the coronavirus pandemic becomes clear, economists seeing unprecedented data releases on an almost daily basis are gearing up for even worse to come.
THE global oil industry is on its knees. Without action from producers to reduce supply, the situation will get much worse as the world runs out of places to store crude pumped out of the ground that nobody wants.
DUBAI/MOSCOW, April 4 (Reuters) - OPEC and Russia have postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified.
RIYADH: Saudi authorities announced a lockdown and a partial curfew in seven neighbourhoods of the Red Sea city of Jeddah, starting on Sunday (April 5), as part of measures to contain the new coronavirus outbreak, the interior ministry said in a statement.
HONG KONG: The OPEC+ meeting to try to end the oil price war is unlikely to go ahead on Monday as previously expected, as Riyadh and Moscow trade barbs about who’s to blame for the collapse in oil prices. The OPEC+ alliance needs more time for negotiations, a delegate familiar with the matter said, noting the meeting may still happen a few days later.