LONDON, April 3 ― Oil prices roared back yesterday, pulling Britain's commodity-heavy FTSE 100 out of early losses sparked by a record surge in US weekly jobless claims. The FTSE 100 closed up 0.5 per cent after gaining as much as 1.5 per cent in late afternoon trading, with energy stocks, which...
The FTSE 100 closed up 0.5 per cent after gaining as much as 1.5 per cent in late afternoon trading, with energy stocks, which have shed about a third in value this year, jumping 7.8 per cent. ― Reuters pic
Major players BP and Royal Dutch Shell gained 6 per cent and 9 per cent, respectively, after US President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil output cut, signalling willingness by both countries to end their oil price war. In Britain, a survey conducted between March 9 and March 22 showed more than a quarter of UK companies reduced staff levels in the short term.
Analysts are predicting a 21.9 per cent decline in earnings for companies listed on the pan-European STOXX 600 in the second quarter, according to Refinitiv data.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Over 100 countries ask South Korea for coronavirus testing help - officialSEOUL/HELSINKI (Reuters) - South Korea has received requests from 121 countries for help with coronavirus testing, a foreign ministry official said on Wednesday, as authorities around the world come under intense pressure to curb the spread of the disease.
Read more »
Uggah: Sarawak to provide 100 ICU beds for Covid-19 cases at state’s general hospital | Malay MailKUCHING, April 2 ― Sarawak is providing 100 Intensive Care Unit (ICU) beds at the Sarawak General Hospital (HUS) as a precautionary measure in addressing the spread of Covid-19 in the state, said State Disaster Management Committee chairman Datuk Amar Douglas Uggah Embas. Unggah, who is...
Read more »
Under-fire UK govt rushes to build field hospitals as virus death toll surges | Malay MailLONDON, April 3 — The UK government said Friday it was rushing to build more emergency field hospitals ahead of an expected surge in coronavirus cases, hours after recording a record 569 deaths from the disease. Two new facilities will be built in Bristol in the west and Harrogate in the north to...
Read more »
Thailand imposes nationwide curfew to curb virus spread | Malay MailBANGKOK, Apr 2 — Thailand will introduce a six-hour night curfew in a bid to control the spread of coronavirus, authorities said Thursday, warning anyone who breached the order faced a two-year jail term. The curfew from 10 pm to 4 am (1500 to 2100 GMT) will begin on Friday and bars everyone in...
Read more »
Toaster-sized ventilator from India helps hospitals in virus fight | Malay MailNEW DELHI, April 3 — Originally created by a robot scientist and a neurosurgeon to help India’s poor, a toaster-sized ventilator is offering hope in the country’s fight against the coronavirus pandemic and demand is booming. The virus at its most lethal attacks the lungs, making ventilators...
Read more »
Spain death toll hits 9.053 as virus cases pass 100k | Malay MailMADRID, Apr 1 — The coronavirus death toll in Spain surged over 9,000 on Wednesday after a record 864 deaths in 24 hours, with the number of confirmed cases passing the 100,000 mark, the government said. Spain has the world’s second-highest death toll after Italy, with the virus so far...
Read more »