[ad_1] KUALA LUMPUR (Reuters) – Hengyuan Refining Company Bhd said on Friday that a tank storing crude oil had caught fire at its refinery on the Malaysian west coast. Preliminary investigations show the fire at
Alibaba’s sales surge as people shop online during lockdown
[ad_1] (Reuters) – Alibaba Group Holding Ltd on Friday reported forecast-beating fourth-quarter revenues and profits, as more people shopped online for essentials because of the coronavirus lockdowns. FILE PHOTO: A logo of Alibaba Group is
Pinduoduo beats revenue estimates as demand for online shopping soars
[ad_1] (Reuters) – China’s Pinduoduo Inc beat first-quarter revenue estimates on Friday, as more people shopped at its e-commerce platform during coronavirus lockdowns that shut down most brick-and-mortar shops. Stay-at-home orders have boosted demand for
Oil drops 5% on China-U.S. tensions, demand doubts
[ad_1] LONDON (Reuters) – Oil fell 5% on Friday to around $34 a barrel as tensions rose between the United States and China, and doubts grew about the pace of demand recovery from the coronavirus
France warns Renault could disappear; Nissan plans job cuts
[ad_1] PARIS/TOKYO (Reuters) – Europe’s car industry was put on alert for more job losses on Friday as a French minister warned Renault could disappear if it didn’t get help soon and a Japanese news
Hong Kong bankers worry that new laws could lead to capital flight
[ad_1] HONG KONG (Reuters) – China’s plans to impose national security legislation in Hong Kong are expected to lead to the flight of capital and talent from the Asian financial hub, bankers and headhunters said.
UK debt soars to highest since 1963, retail sales slump
[ad_1] LONDON (Reuters) – A measure of British public debt leapt to close to 100% of the country’s economic output in April, its highest in nearly 60 years, and retail sales slumped by a record
Oil prices drop as China-U.S. tensions grow, Beijing fails to set economic growth target
[ad_1] TOKYO (Reuters) – Oil prices fell on Friday as tensions rose between the U.S. and China and as Beijing failed to set target for economic growth this year, stoking concern that the coronavirus pandemic
Britain extends COVID-19 mortgage payment holiday by three months
[ad_1] LONDON (Reuters) – Britain has extended its mortgage payment holiday scheme for homeowners in financial difficulty during the coronavirus pandemic for another three months. Britain’s finance ministry said more than 1.8 million mortgage payment
Trump visits Ford plant in politically crucial Michigan, leaves mask off for cameras
[ad_1] YPSILANTI, Mich. (Reuters) – President Donald Trump traveled on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co (F.N) plant amid tensions with its Democratic governor during