TOKYO (Reuters) - Oil prices rose on Friday with Brent gaining nearly 3% after President Donald Trump laid out guidelines on reviving a U.S. economy ravaged by the coronavirus pandemic that has punched a huge hole in global demand for crude and refined products.
PUTRAJAYA (April 16): Malaysia, the world’s top rubber glove producer, expects to export 225 billion units worth some RM20 billion this year, up from 170 billion units valued at RM17.3 billion last year.
The economic reports showed the double whammy of state shutdowns in mid-March on two pillars of the economy — the consumer and business. The reports were even more dire than expected, and foreshadow even worse declines in April’s activity, with state shutdowns affecting areas responsible for more than 90% of the economy.
Stocks in Asia fell in Thursday morning trade as concerns over the scale of the economic fallout of the coronavirus pandemic continued to weigh on sentiment.
TOKYO (Reuters) - Oil rose on Thursday, with U.S. crude rebounding from near-20-year lows in the previous session on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.
SINGAPORE/NEW YORK (Reuters) - World stock markets fell on Thursday, while bonds and the dollar held on to hefty gains, after a coronavirus-driven plunge in U.S. retail sales and factory production and increasing gloomy economic outlooks for Asia.