News Formal

Ringgit slips at open due to market jitters on coronavirus

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Oil price also declines as demand for renewable energy rises. FMTNews Ringgit

KUALA LUMPUR: The ringgit extended yesterday’s loss to open lower today due to market jitters about the outbreak of coronavirus in China and the first confirmed case in the United States.

Rakuten in its daily market report said global markets were on a cautious mode on news of the continued spread of the highly contagious virus which has reached US shores. Besides the viral outbreak of the virus, the oil price has also declined to US$64.48 from its peak of US$71 per-barrel recorded earlier this month as demand for renewable energy rises.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil and gas industry invests less than 1% in clean energy | The Malaysian Insight15% of global energy-related emissions of greenhouse gases come from getting oil, gas out of the ground and to consumers.
Source: msianinsight - 🏆 8. / 63 Read more »