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MUMBAI/KUALA LUMPUR, July 7 (Reuters): Palm oil demand in India, the world's top edible oil importer, is set to plunge this year as coronavirus lockdowns slash food service sector demand and households opt for alternatives at the supermarket.
Ghanaian pilot Eric Acquah started a drone company in 2017 to spray crops with pesticides, but when coronavirus hit the West African country he found a new mission – saving lives.
ROTTERDAM: Crude oil is the world’s most important commodity, but it’s worthless without a refinery turning it into the products that people actually use: petroleum, diesel, jet-fuel and petrochemicals for plastics. And the world’s refining industry today is in pain like never before.
SINGAPORE July 4 (Bloomberg): Temasek Holdings Pte’s biggest equity shareholdings and those of its subsidiaries have plunged almost US$24 billion since January as the spreading coronavirus sends markets into spasms.
TOKYO: The world’s biggest pension fund posted a record loss in the first three months of 2020 after the coronavirus pandemic sparked a global equity rout in the period.
SINGAPORE: Singapore’s retail sales plunged in May by the most since records began in 1986, signalling the economic hit from lockdown restrictions could be worse than earlier anticipated.
LAST week, the Finance Minister was quoted as saying that the country’s debt to GDP level could hit the 55% mark by year-end from the current 52% level.
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.