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Petra Energy’s director Nizam Razak resigns

KUALA LUMPUR: Petra Energy Bhd announced on Monday that a director Datuk Mohamed Nizam Abdul Razak, the brother of former prime minister Datuk Seri Najib Tun Razak, has resigned.

Oil jumps 2% as market tightens, more gains seen

LONDON: Oil prices rose more than 2 percent on Monday as U.S. sanctions restricted Iranian crude exports, tightening global supply, with some traders forecasting a spike in crude to as much as $100 per barrel.

Bursa sees choppy early morning trade

KUALA LUMPUR: Bursa Malaysia started on uneven footing on Monday as key markets in the region remained shuttered for national holidays.

Yen climbs as China halts trade talks with U.S.; oil rallies

SYDNEY: The safe haven yen gained on Monday in holiday-thinned trading as China cancelled upcoming tariff talks with the United States, ratcheting up tensions while oil prices jumped after top producers including Russia ruled out boosting crude output.

Investors were squarely focussed on the Sino-U.S. trade war as China added $60 billion of U.S. products to its import tariff list, retaliating against duties on $200 billion of Chinese imports that come into effect on Monday.