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NEW YORK: The pain tolerance of stock bulls may be formidable, but it isn’t endless. That became apparent Friday, when after standing firm against a week’s worth of steadily worsening news, major indexes finally gave up weekly gains and slipped resoundingly into the red. Two days of Federal Reserve (Fed) hectoring softened resolve before a dose of geopolitical panic pushed the … [Read more...] about Stock market quest to stand firm comes apart

HONG KONG: China’s debt-saddled property developers have seen their offshore bonds lose US$82bil (RM343bil) in value, and more losses and defaults are likely, analysts at Bloomberg Intelligence say. Investor concerns about concealed debt at Logan Group Co fuelled a heavy sell-off in Chinese dollar bonds, both investment-grade and and high-yield. A key interest rate cut by China … [Read more...] about Property bond losses pass US$82bil

NEW YORK: Oil prices rose on Wednesday after a larger-than-expected drawdown in U.S. inventories, shaking off worries about the likely hit to economic activity from the spread of the Omicron coronavirus variant. Brent crude futures ended the day up US$1.31, or 1.8%, to $75.29 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled at $72.76 a barrel, up $1.64, or … [Read more...] about Oil prices rally on inventory drawdown, casting Omicron caution to the wind

KUALA LUMPUR: Pharmaniaga Bhd is exploring the use of unmanned aerial vehicles or drones for pharmaceutical-grade medical delivery to enhance its logistics capabilities and make healthcare services more accessible, especially to remote and geographically challenging areas.In a statement yesterday, the company said the initiative aimed to reduce delivery time and cost as well as … [Read more...] about Pharmaniaga to explore drone usage