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LONDON: Royal Dutch Shell Plc expects to make the first profit from pumping oil since the start of the pandemic.
TOKYO: Hedge funds are the most bearish on the yen in more than two years as expectations for the world’s post-pandemic recovery mount.
STOCKHOLM (Reuters): H&M vowed on Wednesday (March 31) to win back trust in China amid growing signs its fashion empire is suffering from a backlash after it voiced concerns last year about alleged human rights abuses in Xinjiang province.
NEW YORK: As Opec and its allies prepare for another decision on oil output, the producers believe their defiantly cautious approach is paying off.
BANDAR SERI BEGAWAN (Borneo Bulletin/ANN): The Royal Brunei Culinary (RBC) teamed up with Singapore High Commission, Singapore Tourism Board (STB) and Singapore Airlines to launch the Singapore Food Festival at Anjung Saujana Restaurant, Brunei International Airport on Monday (March 29).
NEW YORK: Hedge funds have capitulated on their short-dollar bets, turning bullish on the greenback for the first time since November as US Treasury yields surge to pre-pandemic levels.
SAN FRANCISCO: The recent rise in interest rates may be causing nervousness among some investors, but it’s unlikely to prevent a buying binge among the biggest whales in the stock market: Corporations themselves.
NEW YORK: Oil settled near US$70 a barrel on Friday, supported by production cuts by major oil producers and optimism about a demand recovery in the second half of the year.
Brent crude prices eased on Friday but hovered near US$70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the resource in the second half of the year also lending support.
DUBAI (Reuters) - Saudi Arabia fared far better on Sunday, when it escaped missile and drone attacks on its oil heartland with no serious damage, than 18 months ago when strikes forced it to temporarily shut its industry down.