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Wall St braces for earnings decline

NEW YORK: As Wall Street braces for the first quarterly decline in earnings in nearly three years, some investors are wondering if the market is factoring in a bigger erosion in profit margins than will actually come to pass.

Palm oil seen hitting RM2,400 per tonne

MELAKA: The price of palm oil is expected to increase gradually to reach RM2,400 per tonne this year, said Deputy Primary Industries Minister Datuk Seri Shamsul Iskandar Mohd Akin.

“However, we need to keep in mind that for the price to increase, demand and supply of the commodity must be in tandem. If supply is higher than demand, the price will fall,” he told reporters after attending a community cleaning up programme to eradicate dengue fever in Taman Paya Dalam here yesterday.(pic)

Oil price rises over 2% to 2019 highs on tightening supplies

NEW YORK: Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia's offshore oilfield boosted expectations for tightening supply, while progressing U.S.-Sino trade talks strengthened demand sentiment.

The international Brent crude benchmark rose $1.68, or 2.6 percent, to settle at $66.25 a barrel, its highest since November.  U.S. West Texas Intermediate crude futures settled up $1.18, or 2.2 percent, at $55.59 a barrel, and hit their highest this year in post-settlement trade at $55.80.  For the week, Brent ended more than 6 percent higher and WTI gained more than 5 percent.

Oil set for biggest weekly gain in a month

TOKYO: Oil headed for its biggest weekly gain in a month as the Opec+ coalition’s supply cuts and a reported output halt at the world’s biggest offshore field overshadowed renewed concern over the US-China trade war.

Petronas CEO makes it to 2019 Brand Guardians list

KUALA LUMPUR: Brand Finance has included Petronas president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin (pic), for the first time, into its list of the 100 best global Brand Guardians for 2019.

Carlsberg, Dialog in spotlight after strong results

KUALA LUMPUR: Shares of Carlsberg and Dialog were in the spotlight on Friday after their strong set of results but the FBM KLCI closed flat in line with the weaker key Asian markets after China's weak economic data.