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NEW YORK: Oil prices edged higher on Friday, with global benchmark Brent posting a fourth monthly gain, with demand growing faster than supply and vaccinations expected to alleviate the impact of a resurgence in COVID-19 infections across the world.
NEW YORK: U.S. stocks dropped on Friday to pull further from record highs as an underwhelming earnings report from Amazon.com Inc dampened the market mood, while the dollar bounced from its lows but still suffered its worst week in nearly two months.
SINGAPORE: Oil prices fell on Friday but remained on track to post steep weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in COVID-19 infections across the globe.
SHANGHAI: Asian shares fell on Friday, extending their biggest monthly drop since the height of global pandemic lockdowns last March on lingering investor concern over regulatory crackdowns in China on the education, property and tech sectors.
NEW YORK: Oil prices rose on Thursday, with global benchmark Brent topping $76 a barrel, as supplies in the United States tightened further after shrinking to the smallest levels since January 2020.
KUALA LUMPUR: Blue chips ended Thursday on a disappointing note amid the record high Covid-19 infections, the impact of restrictions on the economy while a key barometer Public Bank fell below RM4 for the first time after the bonus issue.
KUALA LUMPUR: Frontken Corp Bhd's net profit rose 21.69% to RM24.74mil in the second quarter ended June 30, 2021, from RM20.33mil in the previous comparative quarter due to an increase in contributions from its Taiwan, Malaysia and Singapore subsidiaries.
NEW YORK: Oil settled near US$75 a barrel on Wednesday after data showed U.S. crude inventories fell to pre-pandemic levels, bringing the market's focus back to tight supplies rather than rising COVID-19 infections.
NEW YORK: U.S. stocks and the dollar slipped on Wednesday in listless trade after the Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even as it said the economic recovery is on track.