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MEXICO CITY/SINGAPORE: Tankers carrying nearly two months' worth of Venezuelan oil output are stuck at sea as global refiners shun the nation's crude to avoid falling foul of U.S. sanctions, according to industry sources, PDVSA documents and shipping data
CARACAS/MEXICO CITY: Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing.
Move is important to ensure the country’s recovery
KUALA LUMPUR: The ringgit ended on a firmer footing Friday as investors cheered good news on the opening of the US economy and encouraging developments in Gilead Sciences’ Covid-19 treatment drug trial.
KUALA LUMPUR: UOB Kay Hian Malaysia Research is maintaining its end-2020 FBM KLCI target of 1,440 as it will need to reassess the pace of the post-movement control order (MCO) recovery of economic activities.
THE movement control order (MCO) has raised many questions among employers and their workers with regard to salary, time-off periods and usage of the annual leave. This series of frequently asked questions conducted by lawyer Bhavanash Sharma will hopefully help both employers and employees to understand the challenge the country is going through.
The US dollar plunged 1.34% to 96.820 after the Federal Reserve delivered an emergency rate cut – the first time since Oct 15, 2008. The target range now stands at 1.00%–1.25%.
GENEVA/BEIJING: The coronavirus spread further on Friday, with cases reported for the first time in at least six countries across four continents, battering markets and leading the World Health Organization (WHO) to raise its impact risk alert to "very high."