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KLCI snaps four day rally as Top Glove and Maxis weigh

KUALA LUMPUR: Bursa Malaysia ended Friday on a weaker note as investors took some money off the table after four days of gains with Top Glove and Maxis dragging the FBM KLCI into the red.

Facebook meeting shows challenges ahead for proposed ‘oversight board’

Facebook's new effort to bring outside experts into its content review process promises to be complicated and possibly contentious, if discussions this week at a meeting in Singapore are any indication.

The gathering, the first of a half-dozen planned for cities around the world, produced one clear recommendation: the new board must be empowered to weigh in not only on specific cases, but on the policies and processes behind them. — Reuters

Investors cash in on KLCI rally, IW City surges for second day

KUALA LUMPUR: The FBM KLCI succumbed to post-rally profit-taking on Friday morning as investors took stock of ongoing developments and the state of the global economy.

Quick take: Petron falls 61 sen after slipping into the red in 4Q

KUALA LUMPUR: Petron Malaysia Refining & Marketing Bhd’s share price fell 8% this morning after the group announced that it had slipped into the red in the fourth quarter ended Dec 31, 2018.

AirAsia X aims to improve on cost efficiencies

KUALA LUMPUR: AirAsia X Bhd expects operational cost per available seat-kilometre (CASK) excluding fuel to be lower in the coming quarters due to cost-saving initiatives.

Oil price dips as US crude output hits record 12mil barrels per day(Update)

SINGAPORE: Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets.

International Brent crude futures were at $66.94 per barrel at 0151 GMT, down 13 cents, or 0.2 percent, from their last close.  U.S. West Texas Intermediate (WTI) crude oil futures were at $56.86 per barrel, down 10 cents, or 0.2 percent, from their last settlement.  U.S. crude oil production reached 12 million barrels per day (bpd) for the first time last week

CIMB, Tenaga shore up KLCI to higher close

KUALA LUMPUR: Firm fund buying of CIMB, Tenaga and Press Metal, especially in late trading on Thursday, enabled the FBM KLCI to extend its rally for the fourth day.

Petron swings into the red in 4Q18

KUALA LUMPUR: Petron Malaysia Refining & Marketing Bhd posted a net loss of RM25.5mil in the fourth quarter ended Dec 31, 2018 against a net profit RM99.56mil in the same quarter a year ago.

Slight profit-taking stalls FBM KLCI's advance

KUALA LUMPUR: Mild profit-taking was seen on Bursa Malaysia on Thursday morning, on the heels of the FBM KLCI's 20-point advance in the previous session.

RAM sees inflation declining in January on lower fuel prices

KUALA LUMPUR: RAM Ratings sees inflation declining to -0.5% in January 2019 from +0.2% in December amid deflationary pressures from the transport fuel component.

RAM Ratings sees inflation declining to -0.5% in January 2019 from +0.2% in December amid deflationary pressures from the transport fuel component.