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January 21, 2021
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Business

Fed chief beats drums for more government aid to bolster economy

June 18, 2020 - by admin

WASHINGTON: The US economy is beginning to recover from the worst of the coronavirus crisis, but with some 25 million Americans displaced from work and the pandemic ongoing, it will …

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Business

Air maintenance firms, manufacturers plan for $60 billion in lost sales

June 18, 2020 - by admin

Maintenance firms and spare parts producers who keep airplanes running are bracing for a decline of up to 75% in sales this year – and more pain to follow – …

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Business

Fiat Chrysler-PSA mega merger faces EU antitrust probe

June 18, 2020 - by admin

BRUSSELS: The mega merger between Fiat Chrysler (FCA) and Peugeot Citroen (PSA) will undergo an exhaustive probe over concerns it will stifle competition, EU authorities said today. The tie-up was …

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Business

Opec forecasts gradual oil demand recovery, makes 84% of cuts in May

June 17, 2020 - by admin

LONDON: Opec forecast today a gradual recovery in global demand for oil, which has been hammered by the coronavirus crisis, and said record supply cuts by producers were already helping …

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Business

Oil prices fall on fears of more Covid-19 cases

June 17, 2020 - by admin

LONDON: Oil prices fell today on fears about fresh outbreaks of Covid-19 but prices drew some support from stimulus measures and positive tests of a drug that could save some …

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Business

Genting Malaysia to resume UK operations

June 17, 2020 - by admin

PETALING JAYA: Genting Malaysia Bhd has announced its casino operations in the United Kingdom will be resuming next month, subject to conditions. In a Bursa filing, the group said retail …

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Business

Britain opens formal post-Brexit free trade talks with Australia, New Zealand

June 17, 2020 - by admin

SYDNEY: Britain formally launched talks with Australia and New Zealand on post-Brexit free-trade agreements today, with Canberra’s top trade official voicing hopes a deal could be reached this year. “Later …

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Business

Malaysian E&E industry to remain robust

June 17, 2020 - by admin

PETALING JAYA: The electrical and electronics (E&E) landscape in Malaysia is expected to stabilise in the coming months on the back of demand for smart manufacturing capabilities, automation and technological …

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Business

Oil prices spike 4% on record supply cuts, upbeat IEA forecast

June 17, 2020 - by admin

LONDON: Oil prices jumped around 4% today after the International Energy Agency (IEA) increased its oil demand forecast for 2020 and as record supply cuts provided support. Brent crude prices …

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Business

Komarkcorp to make, sell 3-ply surgical and KN95 face masks

June 16, 2020 - by admin

PETALING JAYA: Komarkcorp Bhd has announced that is it diversifying into the manufacturing and sale of 3-ply surgical and KN95 face masks. The diversification will include up to 30 production …

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