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Oil surges after OPEC+ holds cuts, strong US jobs growth
NEW YORK: Oil prices jumped about 3% on Friday, hitting their highest levels in more than a year, following a stronger-than-expected U.S. jobs report and a decision by OPEC and its allies not to increase supply in April.
Rising US bond yields a concern
Sharp movement in US Treasury returns poses risk of capital flight from Asian markets
Stock market momentum slowdown gets no sympathy from the Fed
LAST summer as the Faang block was tightening its strangle-hold on equities, a theory was hatched that the only thing that could ever halt the rally in megacap tech would be evidence the economy is healing.
Oil soars to near 14-month high as OPEC+ extends output cuts into April
Oil prices jumped more than $1 a barrel on Friday, hitting their highest levels in nearly 14 months, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic.
Oil soars to near 14-month high as Opec+ extends output cuts into April
SINGAPORE/MELBOURNE: Oil prices jumped more than $1 a barrel on Friday, hitting their highest levels in nearly 14 months, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic.
US 10-yr Treasury yield to hit 1.9% by year end
NEW YORK: Stronger economic data should push the benchmark 10-year U.S. Treasury yield up to 1.9% by the end of 2021, according to Goldman Sachs' latest forecast released on Thursday.
MoF in settlement talks with KPMG over 1MDB scandal
PETALING JAYA: The Finance Ministry (MoF) is negotiating a settlement with audit firm KPMG in relation to the 1Malaysia Development Bhd (1MDB), according to sources.
Sands to sell Vegas hotels to Apollo, Vici for US$6.25bil
LAS VEGAS: Las Vegas Sands Corp, the world’s largest casino operator by market value, agreed to sell its properties in Las Vegas to Apollo Global Management Inc and Vici Properties Inc for US$6.25bil (RM25.6bil), refocusing the company on its successful Asian resorts and other potential opportunities in the US
China's CIC eyes US investment after fund with Goldman raised $2.5b
BEIJING: China's $1 trillion sovereign wealth fund is scouting for long-term investment opportunities in the United States, an executive said, after a fund co-established with Goldman Sachs Group Inc raised $2.5 billion, half of the targeted amount.
Deloitte to pay RM324mil as settlement to the govt
Payment is to resolve claims related to 1MDB and SRC
