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NEW YORK: Oil settled modestly lower on Friday but secured a weekly gain on a stronger demand outlook and signs of economic recovery in China and the United States that offset concerns about rising COVID-19 infections in other major economies.
Pipeline deal shows kingdom’s reliance on its mainstay
PETALING JAYA: As eateries re-open for business with the easing of movement restrictions, the poultry industry should see a better year from improved demand for eggs and broilers or chickens raised for meat.
NEW YORK: Oil prices settled lower on Friday and fell around 2% this week as production increases and renewed COVID-19 lockdowns in some countries offset optimism about a recovery in fuel demand
NEW YORK: Global equity markets surged on Thursday, with U.S. and European benchmark indexes hitting record highs, as the strongest manufacturing data around the world in decades and a drop in bond yields drove investor optimism.
HONG KONG: Asian bourses from Tokyo to Singapore are considering rule changes to allow listing of SPACs, but some industry players say the region may not attract the kind of frenzy, or the massive billions of dollars, seen in the US for such blank-cheque firms.
HONG KONG/SINGAPORE: Asian bourses from Tokyo to Singapore are considering rule changes to allow listing of SPACs, but some industry players say the region may not attract the kind of frenzy, or the massive billions of dollars, seen in the U.S. for such blank cheque firms.
NEW YORK: Oil prices rose more than 4% on Friday on worries global supplies of crude and refined products could be disrupted for weeks as workers try to dislodge a giant container ship blocking the Suez Canal.
TOKYO: Oil prices resumed their decline on Monday, edging lower on renewed concerns that European lockdowns may slow an anticipated recovery in demand for fuel products.