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NEW YORK: A gauge of global equity markets retreated from early gains on Wednesday as concerns about the first U.S. case of the Omicron variant and sooner-than-expected interest rate hikes next year by the Federal Reserve turned investor sentiment bearish.
WASHINGTON: The U.S. emergency oil reserve is a tool available to Washington to address unusual short-term mismatches between oil supply and demand as the Biden administration looks to move to less volatile energy sources, U.S. Energy Secretary Jennifer Granholm told Reuters on Tuesday.
U.S. central bankers in December will discuss whether to end their bond purchases a few months earlier than had been anticipated, Federal Reserve Chair Jerome Powell said on Tuesday, pointing to a strong economy, stalled workforce growth, and high inflation that is expected to last into mid-2022.
PETALING JAYA: IHH Healthcare Bhd is in a good position to ride on the challenges amid Covid-19 owing to its diverse operations, diversification and strategic plans.
PETALING JAYA: Air passenger traffic for Malaysia Airports Holdings Bhd (MAHB) is expected to further improve over the coming months with the increase in interstate travel within Malaysia and the introduction of safe international travel.