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Li Ka-shing’s son among Asian tycoons seeking bargain deals
HONG KONG: Asian tycoons are looking to snap up assets pummelled by the deadly coronavirus at bargain prices, but they are also facing hurdles as more governments seek to deter foreign takeovers of local firms.
Oil prices rise on optimism Opec+ meeting will result in supply cut
MELBOURNE/SINGAPORE: Oil prices rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a coronavirus-driven collapse in global oil demand.
Crude oil futures up 5% ahead of Opec+ meeting
MELBOURNE: U.S. crude futures rose as much as 6% in early trade on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as global oil demand has collapsed amid the coronavirus pandemic.
Oil prices jump as focus swivels to OPEC, Russia meeting on output cuts(Update)
NEW YORK: Oil slumped on Tuesday in the face of swelling crude supplies and weak fuel demand due to the coronavirus pandemic, while investors also grew cautious over expectations that the world's biggest producers would quickly agree on output cuts.
Investors return to local equities as global outlook improves
KUALA LUMPUR: Bursa Malaysia tracked a surge on Wall Street overnight as investors renewed buying in equities on hopes that the worst was over for the Covid-19 pandemic, and even as the demand outlook for crude oil brightened.
More rate cuts expected
PETALING JAYA: Most economists expect Bank Negara Malaysia to cut interest rates again next month to support Malaysia’s faltering economy amid the Covid-19 pandemic.
RHB Investment Bank forecasts zero growth for Malaysia this year
KUALA LUMPUR: RHB Investment Bank Bhd is forecasting a zero per cent growth for the country this year, which is within the range of Bank Negara Malaysia's (BNM) real gross domestic product (GDP) growth projection.
Goodpack sale suspended
SINGAPORE: KKR & Co is suspending its planned sale of Goodpack Ltd, a Singaporean provider of intermediate bulk containers, after bids fell short of expectations, according to people familiar with the matter.
US$, yen up as investors seek shelter amid pandemic crisis
SINGAPORE: The dollar snapped a week of declines and the safe-haven yen rose on Monday, as coronavirus lockdowns tightened across the world and investors braced for a prolonged period of uncertainty.