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RIDYADH: Saudi Basic Industries Corp, the chemical-maker in which Saudi Aramco holds a majority stake, returned to profit in the third quarter amid signs of a recovery in demand from impact of the coronavirus.
MELBOURNE (Reuters) - Former Australian Prime Minister Kevin Rudd has called for a major government inquiry into the tight ownership of Australian media by Rupert Murdoch's News Corp, securing more than 46,000 signatures on a petition after just two days.
KUALA LUMPUR, Sept 5 (Bernama): The year 2020 has already spelled a dark omen for most industries globally including oil and gas brought about by the unprecedented Covid-19 health crisis.
PETALING JAYA: The oil and gas (O&G) industry is experiencing its third price collapse in 12 years but after the first two shocks, the industry rebounded and business continued as usual.
NEW YORK/ TOKYO: Berkshire Hathaway Inc has bought a 5% stake in each of Japan's five biggest trading houses, together worth over $6 billion, marking a departure for Chairman Warren Buffett as he looks beyond the United States to diversify his conglomerate.
KUALA LUMPUR: The oil and gas industry is experiencing its third price collapse in 12 years but after the first two shocks, the industry rebounded and business continued as usual.
SYDNEY: Australia’s Qantas Airways Ltd said state border closures were severely hampering a recovery in the domestic aviation market, which, alongside its lack of international flying, would lead to a significant loss this financial year.
SYDNEY: Qantas Airways Ltd on Thursday posted a full-year net loss of A$1.964 billion ($1.41 billion), one of its largest ever, driven by impairment charges and restructuring costs designed to help it weather the pandemic.