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It may seem that logistics companies are enjoying a brisk spike in business during the movement control order (MCO) period, particularly those involved in last mile delivery - but that does not seem to be the case.
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.
PETALING JAYA: Some telecoms players have seen an upsurge in data traffic since the movement control order (MCO) but they can’t say if that will translate to higher earnings for this year.
LONDON: When people are worried about the future, they turn to gold to protect their savings. That’s rarely been more true than today.
SINGAPORE: Crude oil futures jumped 10% 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.
LONDON/TOKYO/WASHINGTON: Factories fell quiet across much of the world in March as the coronavirus pandemic paralyzed economic activity, with evidence mounting that the world is sliding into deep recession.
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.
WASHINGTON: President Donald Trump said the United States would meet with Saudi Arabia and Russia with the goal of staunching an historic plunge in oil prices.
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