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Commentators have cautioned that a sustained drop below $30,000 could presage further losses in the wake of last year’s 300% surge.
THE recovery in the oil and gas (O&G) sector will be slow and gradual, and uncertainties still linger on the supply side.
Bangkok: Thailand’s economic conditions are expected to deteriorate further this year as the nation battles a resurgence in the coronavirus, according to a national survey.
TRADING from kitchen tables. Chasing takeovers alone by mobile phone. Tracking down N-95 masks for the local hospital.
WASHINGTON: The U.S. economy grew at a record pace in the third quarter, fueled by more than $3 trillion in pandemic relief, the government confirmed on Tuesday, but appears to have lost momentum as the year drew to an end amid raging new COVID-19 cases and dwindling fiscal stimulus.
LONDON: Oil prices tumbled on Monday as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand.
UK BLUE-CHIP stocks fell to a near three-week low on Monday as a fast-spreading new strain of the coronavirus prompted tougher restrictions, while a fresh ban on travellers from Britain hammered airline and oil stocks.
SINGAPORE: Zoom Video Communications Inc said on Wednesday it would expand its presence in Singapore by opening a research and development centre and will immediately hire hundreds of engineering staff for the new operations.
NEW YORK: US solar installations are expected to soar 43% this year, just shy of a pre-pandemic forecast, as the industry has recovered more quickly than expected from a virus-related slowdown, according to a report by the top solar trade group.
TOKYO: Japan may halt its national travel subsidy campaign in the cities of Tokyo and Nagoya because of rising coronavirus cases in the cities, local media reported yesterday.