TOKYO (Reuters) - The dollar held gains against major currencies on Friday as worries about renewed diplomatic tensions between the United States and China supported safe-haven demand for the greenback.

WASHINGTON (Reuters) - Asian shares were set for another retreat on Friday as U.S.-China tensions curbed investor risk appetite and caused global equity markets to stumble.

The U.S. Administration has been approving royalty rate cuts for producers on federal land on a case-by-case basis, with rates cut on at least 76 leases in Utah in recent weeks, Reuters reported on Thursday, citing data from a government database.

The OPEC+ coalition appears determined to ease the global oil glut and lift the oil prices that had cratered in April because of OPEC+ wrangling and crashing global demand in the pandemic.

KUALA LUMPUR (May 21): The FBM KLCI closed up 16.99 points or 1.18% today at 1,452.11, helped by share price gains in index-link rubber glove manufacturers on resurgent concerns about the Covid-19 pandemic, amid doubts about the development of a vaccine. 

Spot rubber finished flat on Thursday. RSS 4 closed unchanged at ₹114 and ₹115 per kg respectively, according to traders and the Rubber Board. The trend was partially mixed as Latex improved on fresh enquiries from the general rubber goods sector.