Energy
Brent Crude was 0.64% higher at US%50.07 per barrel at 2.37pm.
Forex
Ringgit down 0.14% to 4.2450 versus the US dollar at 3.03pm.
Top foreign stories
Fed rate decision a test of Yellen’s jobs vision: Fed chair Janet Yellen has made clear she would rather delay an interest rate hike for too long than move sooner and risk jeopardising a tepid economic recovery, a conviction that will face its sharpest test yet on Thursday. — Reuters
US banks set to win when Fed hikes, payoffs distant for savers: Once the Federal Reserve starts lifting interest rates off the floor, banks will get a nice boost to their profits, but depositors will not get much benefit. Whenever the Fed raises rates, banks can begin charging more for many loans, while they will not be in a rush to pay much more for deposits. — Reuters
Singapore August exports disappoint: Singapore’s exports fell more in August than expected on a steep decline in sales to China and Europe, adding to the prospects of a further easing by the central bank next month to shield the economy from uneven global growth and to shore up inflation. Non-oil domestic exports slid 8.4% in August from a year earlier, trade agency International Enterprise Singapore said on Thursday. — Reuters
Altice to buy Cablevision for US$17.7bil: European telecoms giant Altice, run by Franco-Israeli media magnate Patrick Drahi, is to buy the No. 4 US cable operator Cablevision for US$17.7 billion, including debt, a source close to the deal said. - AFP
New Zealand Q2 economic growth disappoints: New Zealand’s farm-dependent economy is growing more slowly than expected, official figures showed on Thursday, feeding expectation of further interest rate cuts. Statistics New Zealand said the economy expanded 0.4% in the three months to June, below consensus forecasts of 0.6%. - AFP
Top local stories
Zeti: Currency depreciation not unique to Malaysia: Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said Malaysia’s currency depreciation is not unique as more than 120 currencies globally have fallen against the US dollar. - Bernama
Eco World posts Q3 earnings of RM9.4mil: Eco World Development Group Bhd
’s net profit for the third quarter stood at RM9.39mil on revenue of RM454.2mil. The property group said its nine-month earnings stood at RM24.2mil on the back of a RM1.03bil revenue. Earnings per share was 0.41 sen. — StarBiz
Gas Malaysia agrees on terms for Honda gas supply project: Gas Malaysia Bhd has agreed on the terms for the construction of a gas distribution pipeline and metering facilities for the supply of natural gas to Honda Malaysia Sdn Bhd worth some RM4.17mil. The supply of natural gas to Honda Malaysia will start by July 2016. — StarBiz
MTD ACPI order book at RM500mil: MTD ACPI Engineering Bhd (MTDACPI) has a RM500mil order book for its construction and manufacturing segments, which is expected to keep the company busy until July 2016. And the company is looking to acquire more projects in the future. — Bernama
Ahmad Zaki unit gets RM386.6mil job: A unit of Ahmad Zaki Resources Bhd (AZRB) has accepted a RM386.64mil job to develop an apartment, an office building and a basement carpark. AZRB said Ahmad Zaki Sdn Bhd had received the letter of acceptance on Sept 15 from Uda Legasi Sdn Bhd. — StarBiz
Nirvana Asia partners Indonesian firm to buy land in Medan: Hong Kong-listed Nirvana Asia Ltd has agreed to buy about 75.2ha of cemetery land in Medan, Indonesia - its first major expansion in the republic. Nirvana Asia said it had on Sept 2 entered into an agreement to acquire a 70.0% interest in PT Nirvana Memorial Nusantara for 17.5 billion rupiah (RM5.5mil). - StarBiz
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