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Saudi Arabia increased prices for some crude exports by the most in at least two decades, doubling down on a strategy to bolster the oil market after OPEC+ producers extended historic output cuts over the weekend.
WITH the conditional lifting of the MCO from May 4, many businesses will begin to operate, albeit with reduced staffing to comply with social distancing standard operating procedures (SOPs). The government is right to strike a judicious balance between health issues and the economy.
NEW YORK: The Dow and S&P 500 fell on Monday as U.S. companies prepared to kick off a quarterly earnings season expected to be rough due to the coronavirus pandemic, while Amazon.com gains helped the Nasdaq end higher.
KUALA LUMPUR: The FBM KLCI started Monday on a lighter footing as it snapped four-days of gains following the IMF's declaration that the coronavirus pandemic had triggered a global recession.
KUALA LUMPUR: The bloodshed continued on the Malaysian stock exchange as global equities tracked Wall Street's steep fall into bear territory.
KUALA LUMPUR: Banks in Malaysia have paid out higher dividends for the financial year ended Dec 2019 against the backdrop of a cloudy outlook on loan growth and build-up of excess capital, RAM Ratings said.
KUALA LUMPUR: Growth across Asia-Pacific will slow to 4.0% in 2020, the lowest since the Global Financial Crisis, due to the Covid-19 coronavirus outbreak, S&P Global Ratings says.
SINGAPORE: The 60-year-old Montana-born engineer has attended dozens of shows as one of the industry's most influential forecasters. This week's expo, thinly attended because of SARS-CoV-2 coronavirus fears, is his last before stepping down as Boeing's vice president of marketing.
Geopolitical tensions, trade disputes, global macro-economic concerns, and OPEC+ production strategy were themes that dominated oil market sentiment in 2019.
NEW YORK: Gold surged past $1,500 an ounce and a gauge of global equity markets hovered near record highs on Tuesday in a year-end rally spurred by hopes of a U.S.-Sino Phase 1 trade deal and as China's latest policy easing pledge added to investor optimism.