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DUBAI/MOSCOW, April 4 (Reuters) - OPEC and Russia have postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified.
KUALA LUMPUR: As the Movement Control Order (MCO) entered its 18th day on Saturday, food and beverage (F&B) businesses across the country, from cafe and restaurant owners to big-name fast-food outlets, manufacturers and retailers continue to feel the impact of the measures to minimise the spread of Covid-19.
NEW YORK: Crude futures surged for a second day on Friday, with both U.S. and Brent contracts posting their largest weekly percentage gains on record due to hopes that a global deal to cut crude supply worldwide will emerge early next week.
OIL slid back below US$25 a barrel after a record surge as doubts crept in about a deal touted on Twitter by U.S. President Donald Trump that would see deep supply cuts from producers including Saudi Arabia and Russia.
NEW YORK: Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the market turmoil.
New York: Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the market turmoil.
If it has taken the coronavirus (Covid-19) outbreak to realise the importance of your business going digital, then you are clearly behind the curve.
KUALA LUMPUR: WCT Holdings Bhd recorded a net loss of RM103.97mil from a previous net profit of RM2.53mil for its fourth quarter ended Dec 31,2019. Meanwhile, revenue fell to RM461.04mil from RM701.24mil previously.
TOKYO: SoftBank Group Corp said it has terminated a US$3bil tender offer for additional WeWork shares agreed last year with shareholders, drawing threats of legal action and plunging the floundering office space company further into crisis.
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.