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BP halves dividend after record loss, speeds up reinvention
LONDON: BP cut its dividend for the first time in a decade after a record $6.7 billion second quarter loss when the coronavirus crisis hammered fuel demand and it sought to win over investors by speeding up its reinvention as a lower carbon company.
With Covid crushing advertising, YouTubers turn to subscriptions
Two days before his first trip abroad since the coronavirus pandemic began, Jerry Dyer went live on YouTube to discuss his itinerary. Dyer is a middle-aged British entrepreneur who makes a living by filming videos of planes taking off and landing.
Investors rethink ‘60/40’ as low bond yields test portfolios
NEW YORK: The staple US portfolio of 60% equities and 40% fixed income proved resilient this year, but strategists are now considering alternatives to government debt after some bond yields reached historic lows.
Decline of Orchard Road shows Singapore’s pain
SINGAPORE: A walk down Orchard Road shows just how badly the coronavirus pandemic has hit Singapore’s famed shopping strip.
Japan’s Seven & i to buy Marathon’s gas stations
BENGALURU: The Japanese owner of 7-Eleven convenience stores has agreed to buy Marathon Petroleum Corp’s Speedway gas stations for U&S$21bil, brushing aside coronavirus concerns to return to the table five months after initially baulking at the deal.
Maybank Indonesia’s net profit strengthens 7%
KUALA LUMPUR: Bank Maybank Indonesia Tbk’s profit after tax and minority interest (PATAMI) rose by 7% year-on-year to 809.7 billion rupiah during the first half of 2020 ended June 30 (1H2020).
When it comes to Covid shots, rich nations are first in line
SINGAPORE, Aug 2 (Bloomberg): Wealthy countries have already locked up more than a billion doses of coronavirus vaccines, raising worries that the rest of the world will be at the back of the queue in the global effort to defeat the pathogen.
