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Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.

Oil extends gains on hopes of policy support for economic growth

Oil prices extend gains on hopes of policy support push for economic growth. (BNA)
  • Brent crude futures rose 16 cents, or 0.2 percent, to $76.09 a barrel after settling at its highest since Oct. 25 on Thursday.
  • Lower interest rates should spur more economic growth which would lead to higher fuel consumption.

Singapore – Oil prices extended gains on Friday after closing at their highest in more than two months in the prior session, amid hopes that governments around the world may increase policy support to revive economic growth that would lift fuel demand.

Brent crude futures rose 16 cents, or 0.2 percent, to $76.09 a barrel after settling at its highest since Oct. 25 on Thursday, QNA reported.

US West Texas Intermediate crude was at $73.32 a barrel, up 19 cents, or 0.3 percent, with Thursday’s close its highest since Oct. 14.

Both contracts are on track for their second weekly increase with investors back from holidays, improving trade liquidity, QNA reported.

Lower interest rates should spur more economic growth which would lead to higher fuel consumption.

Investors are eyeing further interest rate cuts by the US Federal Reserve this year to support its economy, while China’s President Xi Jinping has pledged more proactive policies to promote growth.