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NEW YORK: Oil prices climbed nearly 3% on Thursday, with Brent surging above US$50 a barrel for the first time since early March, fueled by hopes of a faster demand recovery as countries start to roll out COVID-19 vaccines.
Climate change is fast becoming the key issue confronting the world.
DUBAI: In the wee hours of a sweltering Saturday in September, a volley of missiles and aerial explosives pierced the heart of Saudi Arabia’s oil industry. The attacks knocked out about 5% of global oil production almost immediately, yet one month later, they might as well never have happened.
DUBAI: Saudi Aramco is producing more than 9.9 million barrels a day of crude as it fully recovers from the worst-ever attacks on its energy infrastructure.
Tokyo: Nippon Paint Holdings Co agreed to buy Australia’s DuluxGroup Ltd for A$3.8bil (US$2.7bil) in cash, giving it access to the country’s No. 1 sales channel for paints and coatings, as well as sealants, adhesives, garage doors, cabinets and architectural hardware.
SYDNEY: Japan's Nippon Paint Holdings Co Ltd has proposed buying Australia's biggest paint maker Dulux Group Ltd for A$3.8 billion (US$2.7 billion), expanding its global footprint though entering Australia just as a housing boom falters.
HONG KONG: Steinway Musical Instruments Inc, the legendary piano maker controlled by US hedge fund billionaire John Paulson, has attracted takeover interest from China Poly Group Corp, people familiar with the matter said.
PETALING JAYA: Sapura Energy Bhd’s (SEB) wholly-owned Australian unit Sapura Energy Australia Pty Ltd has completed the Shell Prelude Light Well Intervention (LWI) Campaign-Plug Removal Activity for Shell Australia Pty Ltd in Western Australia in the Browse Basin in Western Australia.