The Straits Times
The retreat of Exxon and the Oil Majors won t stop fossil fuels
Even Exxon, which hasn t set a net-zero target, has severely curtailed its ambitious growth plans to save money and reduce debt.PHOTO: REUTERS
Updated1 hour ago
https://str.sg/3Znn
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The Straits Times
Asian stocks look set for mixed open, US futures dip
Stocks have lost steam in recent sessions on worries about inflation and a Covid-19 resurgence in some countries.PHOTO: REUTERS
Published2 hours ago
https://str.sg/Jvbn
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TOKYO (REUTERS) - Asian stocks rose on Thursday (April 22), extending a rebound in global markets following a sharp selloff earlier this week, while oil prices eased again on worries about rising Covid-19 cases in some parts of the world.
Japan led gains, with the Nikkei 225 rallying 1.7 per cent, after sliding 2 per cent in each of the last two sessions.
MSCI s broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent, following a 0.9 per cent decline the previous day. Chinese blue chips rose 0.3 per cent.
Singapore s Straits Times Index was up 0/6 per cent at 9.58am local time. Overall I think markets are still skewed to taking on risk, and I don t think we ve seen the final record high by any means in the US stock market or in global equities, said Kyle Rodda, a market analyst at IG in Melbourne.