Energy

PETRONAS seals long-term LNG supply deal with CNOOC

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS), via its subsidiary PETRONAS LNG Ltd, has entered into a sale and purchase agreement with CNOOC Gas and Power Singapore Trading & Marketing Pte Ltd to supply 1.0 mil tonnes per annum of liquefied natural gas.

Markets

FBM KLCI dips in early trade despite Wall Street record close

KUALA LUMPUR: The local bourse opened slightly lower on Wednesday, despite overnight gains on Wall Street, as investors turned cautious amid overbought technical conditions ahead of the Christmas break.

Forex

Ringgit climbs to five-year new high on weaker greenback in early trade

KUALA LUMPUR: The ringgit climbed to another five-year new high against the US dollar in early Wednesday trade, supported by a weaker greenback as the US dollar index (DXY) weakened.

Markets

Trading ideas: PMCK, Citaglobal, Kimlun, CBH Engineering, Hextar Global, Solarvest, PetGas, Jasa Kita

KUALA LUMPUR: Stocks to watch today include PMCK Bhd, Citaglobal Bhd, Kimlun Corp Bhd, CBH Engineering Holding Bhd, Hextar Global Bhd, Solarvest Holdings Bhd, Petronas Gas Bhd (PetGas) and Jasa Kita Bhd.

Markets

S&P posts record close as growth stocks advance

US stocks rose on Tuesday and the S&P 500 notched a closing record after a flurry of economic data that included a reading of economic growth pushed bond yields higher and elevated growth names.

Commodities

Oil up as market weighs strong US economic growth, supply risks

Oil prices settled higher on Tuesday as investors assessed stronger-than-expected US economic growth and the risk of disruptions to oil supply from Venezuela and Russia.

Corporate News

Red Lobster cuts workforce amid high rents

Red Lobster has cut some of its corporate-level workforce and is moving to renegotiate costly leases, pressuring its post-bankruptcy plan to return to steady profitability, according to sources.

Corporate News

JPMorgan takes top spot in India

JPMorgan Chase & Co has reclaimed its top spot in India's equity offerings for the first time in five years, seizing the lead from Kotak Mahindra Capital Co in one of the world's busiest fundraising markets.

Insight

Forwarded as received: Why we are ‘stupid’ again

This writeup lingered on my computer like an unfinished conversation.

Corporate News

Ferrari rekindles the romance of driving

It sounds obvious, but if you want to know how a carmaker is doing, you've got to drive its cars.

Insight

Oil’s geopolitical premium vanished in 2025 and may not return

Global oil markets faced multiple black swan events in 2025 –including the Israel-Iran war and Ukrainian strikes on Russian refiners – yet they were barely fazed.

Insight

Which bullish 2026 equity plays do not require AI euphoria?

For equity investors seeking a smooth ride in 2026, increasing exposure beyond artificial intelligence (AI) euphoria could be a good New Year's resolution – and opportunities may be hiding in plain sight.

Insight

Is South Korea betting too much on AI?

The Lee Jae Myung administration came to power with little time to prepare, yet it moved quickly to outline the broad direction of state affairs.

Economy

Australia announces limits on its LNG exports

Australia will make exporters of liquefied natural gas (LNG) from the country's east coast keep up to a quarter of their output for domestic use from 2027, under a scheme unveiled on Monday to curb price spikes and help fill a long-forecast supply gap.

Business

Carbon dioxide soon to be buried under North Sea

In the North Sea where Denmark once drilled for oil, imported European carbon dioxide will soon be buried under the seabed in a carbon capture and storage (CCS) project nearing completion.

Commodities

Venezuela still loading oil despite US sanctions

More than a dozen tankers have loaded oil off Venezuela's coast since the Trump administration intensified efforts to curb Caracas' crude revenue by targeting vessels.

Corporate News

Larry Ellison pledges US$40bil to boost bid for Warner Bros

Larry Ellison is throwing his personal fortune behind Paramount Skydance Corp's bid for Warner Bros Discovery Inc, aiming to give his son's company an advantage in a fiercely contested takeover battle with Netflix Inc.

Energy

US suspends offshore wind leases in new setback for industry

The United States is suspending leases for all five wind farms under construction off the East Coast, the latest blow to an industry that's been targeted repeatedly by the Trump administration as part of its attack on clean energy.

Auto

EVs to power on in challenging auto market

The automotive market continues to be transformed, spurred by the introduction of Chinese electric vehicle (EV) marques as well as the launch of EVs from domestic carmakers.

Economy

UK business confidence in post-budget recovery

UK businesses ended 2025 feeling more upbeat about the economy's prospects after they were spared much of the tax pain at last month's budget.