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ROYAL Dutch Shell Plc cut its dividend for the first time since the Second World War as the oil slump triggered by the coronavirus pandemic reshapes the energy industry.
NEW YORK: Areas of the market shunned during the coronavirus crash are suddenly finding their mojo again.
CRUDE whipsawed near $11 a barrel after a major index tracked by billions of dollars in funds bailed out of near-term contracts for fear prices may turn negative again.
KUALA LUMPUR: S&P Global Ratings revised the rating outlook on PT Bank Mandiri (Persero) (Mandiri), PT Bank Rakyat Indonesia (Persero) Tbk. (BRI) and PT Bank Negara Indonesia (Persero) Tbk. (BNI) to negative from stable.
This highlights the crisis that is spreading in the nation’s credit markets
PETALING JAYA: The immediate outlook for companies is bleak and a number of companies in affected industries would take a hit from the ongoing Covid-19 pandemic, says the president of the Federation of Public Listed Companies Tan Sri Megat Najmuddin Khas.
SYDNEY: Asian shares inched higher on Monday ahead of a busy week for earnings and central bank meetings, with much chatter the Bank of Japan (BOJ) will announce more stimulus steps
GLOBAL financial markets have been subject to significant stress and volatility of late.
MUMBAI: Franklin Templeton will wind up $4.1 billion of Indian debt funds after a liquidity crisis compelled the firm to freeze investor withdrawals, underscoring persistent stress in credit markets as the coronavirus pandemic wreaks havoc on the global economy.