Global energy investment is
expected to plunge by around 20% or $400 billion in 2020, its
biggest fall on record, because of the new coronavirus outbreak,
the International Energy Agency (IEA) said on Wednesday.
Many Australian pension funds
have been suffering from falling asset prices, liquidity
pressures and declining investor inflows due to the coronavirus
pandemic and some should consider finding a buyer, the industry
regulator said on Wednesday.
Singapore-based container ship
operator Pacific International Lines Pte (PIL) has agreed with
most of its financial lenders to defer debt payments and is in
talks with a unit of Singapore state investor Temasek Holdings
for a potential investment.