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KUALA LUMPUR: OCBC Treasury Research estimates Brent crude oil to finish 2020 close to US$50 a barrel following the extended supply cuts by Opec+ by a month to July 2020.
HONG KONG: Car sales in China rose for the first time in almost a year last month, evidence that the world’s largest auto market is rebounding from the coronavirus crisis and the trade war with the United States.
Investments worth US$ 13bil in pipeline for Malaysia, tech firms hit by pandemic and trade war keen to come
KUALA LUMPUR: Malaysia said on Friday it had a pipeline of investment projects worth about US$13 billion and that many local and foreign electrical and electronics (E&E) firms were looking to relocate their businesses to the country to diversify production.
NEW YORK: When it comes to US-China friction, Asia’s loss is becoming Latin America’s gain.
BEGALURU: London-listed shares rose more than 1% on Monday as retailers prepared to reopen stores following a months-long coronavirus-led lockdown, with Primark's owner pushing ahead to restart all its England shops on June 15.
KUALA LUMPUR: TA Investment Management Bhd has declared a gross income distribution of 1.0 sen per unit for TA Islamic Fund (TAIF) to registered unit holders of the funds as at May 29.
KUALA LUMPUR: The ringgit strengthened against the US dollar in early session today on an overnight recovery of oil prices but investors are cautious over a possible escalation of United States (US)-China trade war risk, said an analyst.
SEOUL: Bank of Korea (BoK) governor Lee Ju-yeol said the central bank is considering using unconventional policy tools to support growth, after cutting interest rates to a record low and forecasting the first economic contraction since the Asian financial crisi
TOKYO/NEW YORK: Asian shares and U.S. stock futures rose on Thursday as growing optimism about a global economic recovery from the coronavirus pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong.