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Asia equities set to plunge after US crude collapses for second day
WASHINGTON/NEW YORK: Asian share markets were set to tumble on Wednesday as the floor fell out from under U.S. crude prices, exposing the deep damage the coronavirus pandemic has had on global economic demand.
Returnees give the thumbs up
PETALING JAYA: Returning Malaysians who have experienced the country’s mandatory quarantine have praised the government’s effort in ensuring that their comfort and welfare are taken care of.
Major selloff on Bursa as investors take profit
PETALING JAYA: A double whammy in the market sent the local bourse into a bloodbath as investors took profit from a spectacular two-day rally.
Hong Kong sells US$200mil of local currency to defend peg
HONG KONG (Bloomberg) -- Hong Kong’s de-facto central bank sold the local dollar for the first time since 2015 after the currency rose to the strong end of its trading band.
Hong Kong reports four more Covid-19 cases
HONG KONG: Hong Kong's Center for Health Protection (CHP) reported four new confirmed COVID-19 cases in Hong Kong on Tuesday (april 21), taking the total to 1,029.
KLCI falls over 30pts after US crude oil carnage
KUALA LUMPUR: Bursa Malaysia closed broadly lower on Tuesday, erasing the recent gains, as the US crude oil carnage sent key Asian and developing markets skidding.
China: HKSAR opposition lawmaker's oath violation, misconduct "clear facts"
BEIJING: A spokesperson for the Chinese central government on Tuesday (April 21) said the filibuster by Kwok Wing-hang and other opposition members of the Hong Kong Special Administrative Region (HKSAR) Legislative Council (LegCo) was ironclad evidence of their deliberate oath violation and may constitute misconduct in public office.
Conspiracy theorists burn 5G towers claiming link to virus
LONDON (AP): The CCTV footage from a Dutch business park shows a man in a black cap pouring the contents of a white container at the base of a cellular radio tower. Flames burst out as the man jogs back to his Toyota to flee into the evening.
US oil bounces after crash but stocks in Asia suffer big losses
HONG KONG: US crude prices bounced back on Tuesday (April 21) but were unable to keep in positive territory, a day after crashing below US$0 for the first time owing to crippled demand and a storage glut, while the commodity rout sent equities sharply lower.
