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After defeating the domestic Covid-19 epidemic, China’s focus is now shifted to restarting its virus-battered economy.
NEW YORK: The cost of hauling oil from the US to China has skyrocketed to nearly US$10 a barrel - almost half of what the American benchmark crude is currently valued at - as the price war spurs a rush for ships.
NEW YORK: The Federal Reserve is trying to call time on a fire sale of Treasuries by foreign governments and central banks.
TOKYO: The dollar held gains on Thursday as investors rushed to the safety of the world's most liquid currency given the massive disruption to global trade due to the coronavirus pandemic.
KUALA LUMPUR: Shares in Minetech Resources Bhd continued its uptrend in early trade Thursday after its chairman raised his stake in the company.
KUALA LUMPUR: Stocks to watch on Thursday include Wong Engineering Corporation Bhd, Yinson Holdings Bhd, Keck Seng (M) Bhd, Genting Bhd and Landmarks Bhd, according to JF Apex Research.
SINGAPORE: Asian share markets were pinned down on Thursday, haunted by the rising U.S. coronavirus death toll, and with investors braced for more signs of economic pain in the world's largest economy ahead of another likely record week of jobless claims.
SINGAPORE: Crude oil futures surged on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war and Russian President Vladimir Putin called for a solution to "challenging" oil markets.
New York: Wall Street's three major indexes fell more than 4% on Wednesday, after President Donald Trump's dire warning on the U.S. death toll from the coronavirus sent investors running from even the most defensive equities.