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'This could be the one that gets me,' says oilfield service veteran

NEW YORK: Tim Harris was preparing to relocate for an assignment with energy services firm Halliburton Co for the fifth time in 15 years when his...

Russia sees global oil market balancing in June-July

By FocusM | | Featured, Others

MOSCOW: Russia’s energy ministry sees global oil demand and supply balancing in the next two months, it said on its Twitter feed, citing the...

Volunteer army in Indonesia helps fight Covid-19 with data, web

By FocusM | | Featured, Others

JAKARTA: As Indonesia’s most populous province weighed tough movement restrictions to stop the new coronavirus, it turned to a loosely-knit...

Hong Kong's leader says security laws will not affect city's rights and freedoms

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HONG KONG: Hong Kong leader Carrie Lam said on Tuesday that Beijing’s proposed national security laws would not trample on the city’s rights and...

China to strengthen policy, lower lending rates, PBOC governor says

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BEIJING: China will strengthen its economic policy and continue efforts to lower interest rates on loans, central bank Governor Yi Gang said,...

BOJ's Kuroda says ready to do more for economy after emergency lifts

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TOKYO: Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank may take more steps to cushion the economic impact from the...

Singapore cuts 2020 GDP growth forecast to between -7% and -4%

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SINGAPORE: Singapore’s Trade and Industry Ministry (MTI) has downgraded the republic’s Gross Domestic Product (GDP) growth forecast for this year...

Eight countries say gas deserves help as EU readies 'green recovery' fund

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BRUSSELS: Eight European countries have urged the European Union to include natural gas in future funding, as the bloc’s executive prepares to...

Nissan and Renault shelve merger plans to repair their alliance - sources

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TOKYO: Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled...

Alibaba's sales surge as people shop online during lockdown

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ALIBABA Group Holding Ltd on Friday reported forecast-beating fourth-quarter revenues and profits as more people shopped online for essentials...

Japan launches its version of Fed's 'Main Street' scheme as deflation returns

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TOKYO: Japan’s central bank unveiled its own version of the US Federal Reserve’s “Main Street” lending programme on Friday to channel nearly US$280...

Pentagon halts rare earths funding for Lynas, MP Materials - document, sources

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HOUSTON: The US Department of Defence has reversed its decision to fund two projects to process rare earth minerals for military weapons, one of...

India's central bank cuts rates again in off-cycle meeting to soften virus blow

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MUMBAI: The Reserve Bank of India on Friday slashed its key policy rate for a second time this year in an emergency meeting to counter the impact...

Petronas sees a 'very challenging' 2020 as 1Q profit falls 68%

By FocusM | | Featured, Mainstream

KUALA LUMPUR: Petronas, which today reported a 68% year-on-year decline in first-quarter profit, sees a very challenging outlook for the rest of...

Fire at PD oil refinery, no injuries reported

By FocusM | | Featured, Mainstream

PORT DICKSON: A fire occurred at one of the crude tanks at Hengyuan Refining Company Bhd (HRC) this afternoon, and the company reports no injuries...

CIMB Group's 1Q net profit is halved to RM507.93 mil

By FocusM | | Featured, Mainstream

KUALA LUMPUR: CIMB Group Holdings Bhd’s net profit for the first quarter ended March 31, 2020 declined by more than half to RM507.93 mil from...

PM’s quarantine because Auditor-General tests positive for Covid-19

By Emmanuel Samarathisa | | Featured, Mainstream, Politics

By Emmanuel Samarathisa Auditor-General Datuk Nik Azman Nik Abdul Majid had been tested positive for Covid-19 and is under quarantine at a hospital...

Putrajaya to draft Covid-19 bill - finally

By FocusM | | Featured, Mainstream, Politics

THE Cabinet has finally agreed to draft a temporary bill on Covid-19 relief measures, more than two months after the country had undergone the...