Hush hush: A Honda spokesman refused to divulge more information about what the company had in store for next week's Tokyo Motor Show.
Enerrgy
Brent crude was 0.83% higher to US$48.46 per barrel at 3.42pm.
Forex
Ringgit down 0.17% to 4.2677 versus the US dollar at 3.48pm.
Top foreign stories
Rising industry output points to German economic upswing: German industrial production rose by more than expected in April, data showed on Thursday, reviving hopes the sector can extend an upturn in Europe’s biggest economy after orders data disappointed. Industrial output rose by 0.8% on the month after dropping by an upwardly revised 0.1% the previous month, data from the Economy Ministry showed. That beat the consensus forecast in a Reuters poll for a gain of 0.5%. — Reuters
Honda to focus on self-driving cars, robotics and EVs: Japanese carmaker Honda Motor Co on Thursday spelled out for the first time its plans to develop autonomous cars which can drive on city streets by 2025, building on its strategy to take on rivals in the auto market of the future. — Reuters
China May imports, exports unexpectedly speed up but seen fading: China reported stronger-than-anticipated exports and imports for May despite falling commodity prices, suggesting the economy is holding up better than expected despite rising lending rates and a cooling property market. — Reuters
Top local stories
Sapura Energy wins RM879m contracts: Sapura Energy Bhd has secured four contracts worth US$205.96 million (RM879.01 million) through its direct and indirect wholly-owned subsidiaries. Sapura Energy said three of the contracts were secured by Sapura Offshore Sdn Bhd from PT Gunanusa Utama Fabricators, Brunei Shell Petroleum Co Sdn Bhd and Oil and Natural Gas Corporation Ltd. — StarBiz
FGV to appoint external counsel in Dubai to investigate matters related to Safitex: Felda Global Ventures Holdings Bhd (FGV) will appoint an external counsel in Dubai to work with a local counterpart in investigating a number of transactions between its unit, Delima Oil Products Sdn Bhd, and Dubai-based Safitex Trading LLC. “They (the legal counsel) will look into how to get back the money owed, according to the procedures (in Dubai),” FGV chairman Tan Sri Mohd Isa Samad said. — Bernama
Hua Yang to work with Magna Prima on future projects: Property developer Hua Yang Bhd
, which has emerged as the largest shareholder of Magna Prima Bhd, is looking at ways on how both parties can work together in future projects. — StarBiz
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