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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.
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.
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.
SINGAPORE: A walk down Orchard Road shows just how badly the coronavirus pandemic has hit Singapore’s famed shopping strip.
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.
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).
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.