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LONDON, Sept 4 (Reuters): Oil held around US$44 a barrel on Friday and was heading for its biggest weekly decline since June, as weak demand figures added to concerns of a slow recovery from the Covid-19 pandemic.
KUALA LUMPUR: The ringgit opened on a soft note against the stronger US dollar on Monday, taking a breather after last week's rally.
TOKYO/NEW YORK: Asian shares rallied to a four-month high on Friday on robust U.S. payrolls data and a brisk pickup in Chinese service sector activity but a surge in coronavirus cases in the United States kept a lid on further risk-taking.
WASHINGTON: The lifeline to help small businesses weather the coronavirus economic shutdown had a chaotic and often frustrating opening – and it might not be enough.
NEW YORK: Wall Street's main indexes fell more than 1.5% on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, intensifying fears of a deep economic slowdown.
KUALA LUMPUR: At 9 am, the ringgit was quoted at 4.1220/1250 against the US dollar from 4.1150/1200 on Wednesday.
KUALA LUMPUR: Blue chips ended Friday on a cautious note on lack of strong fund buying as key Asian markets failed to provide the spark despite the easing of Mideast tensions between the US and Iran.
KUALA LUMPUR: The ringgit opened easier against the US dollar in early trade today, on better demand for the greenback amidst the upbeat US economic data.
LONDON: There will be no chance of a summer break for investors or policymakers in coming days as they brace for what might be the busiest week for the world economy this year.