LONDON (Reuters) – Nothing escapes the winds of change now sweeping through BP, not even the exploration team that for more than a century powered its profits by discovering billions of barrels of oil. FILE PHOTO: BP’s new Chief Executive Bernard Looney gives a speech...
Oil
Oil price, US dollar weakness push ringgit to strengthen further
KUALA LUMPUR: Oil price rally and US dollar weakness supported the ringgit to close higher for the second consecutive day. At the close, the local note stood at 4.0430/0470 against the greenback from 4.0480/0520, yesterday. Axi chief global market strategist Stephen Innes said policy mixes...
European car sales see record fall, as pandemic hits oil demand – business live
7.13am EST 07:13 The oil price has risen today, despite the IEA’s cutting its oil demand forecast for 2021. Brent crude is up 1.3% at $55.50 per barrel, still below the 11-month high above $57/barrel hit last week. Ed Moya of OANDA says concerns about...
MARKET LIVE: Sensex zooms 350 points, tests 49k; Mindtree gains 4%
Stock market LIVE updates: The Indian benchmark indices made a strong start on Tuesday, tracking firm cues from their Asian peers. The S&P BSE Sensex rose 350 points and hovered near 48,900 levels. The index hit an intra-day high of 49,060. The broader Nifty50 index...
Riyadh governor meets outgoing US ambassador
JEDDAH: Fraudsters have developed a new scam, contacting residents in Saudi Arabia and pretending to be bank staffers requesting customer details.A number of Arab News staff have received such calls in recent weeks. One caller spoke Urdu while two other callers posing as senior officials...
Who’s Who: Dr. Samirah Ali Al-Ghamdi, general director at Saudi Health Ministry
JEDDAH: Fraudsters have developed a new scam, contacting residents in Saudi Arabia and pretending to be bank staffers requesting customer details.A number of Arab News staff have received such calls in recent weeks. One caller spoke Urdu while two other callers posing as senior officials...
Only 1kg cooking oil is subsidised – KPDNHEP
PUTRAJAYA: Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi (pix) today explained that starting November 2016, the cooking oil subsidy is only for one kilogramme polybag packaging. He said the implementation was made through the Cooking Oil Stabilisation Scheme (COSS). “The purpose...
Malaysia initiates legal action against EU following anti-palm oil campaign
KUALA LUMPUR: The Plantation Industries and Commodities Ministry (MPIC) has initiated legal action against the European Union (EU) and its members France and Lithuania following their anti-palm oil measures. Today, MPIC with the cooperation of the Attorney General’s Chambers and the International Trade and Industry...
Olivia Newton-John blasts ‘scammers’ for using her name to ‘falsely promote and sell a CBD oil’
Olivia Newton-John blasts ‘scammers’ for using her name to ‘falsely promote and sell a CBD oil’ By Mary Mrad For Daily Mail Australia Published: 17:22 EST, 14 January 2021 | Updated: 17:30 EST, 14 January 2021 Olivia Newton-John has warned her fans after scammers used...
Oil hits 11-month high; China car sales keep recovering – business live
3.44am EST 03:44 Pink prosecco helps Lidl post record Christmas sales A flurry of UK companies are reporting Christmas trading figures this morning. Discount supermarket Lidl is toasting a “record” festive period. Total sales surged 17.9% in the four weeks to December 27, with the...