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From Michelin star to fighting eviction

WHEN Jay Fai, a 70-year-old street food seller in Bangkok known for her crab omelettes, won a Michelin star last year at the launch of the city’s first restaurant guide, few locals were surprised.

Ordered to move: Jay Fai’s Michelin-starred stall is under threat of closure in the Thai authority’s street clean-up operations. — AP

Italy PM spokesman threatens vendetta unless Treasury finds welfare funds

MILAN/ROME (Reuters) - Italy's prime ministerial spokesman has warned that the anti-establishment 5-Star Movement in the coalition government will sack Treasury officials in a "mega-vendetta" unless they find the resources needed for welfare spending.

Palm oil seen to be in range bound trade next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives will likely remain in range-bound trading at between RM2,130 and RM2,170 next week, as traders may adopt a wait-and-see attitude, amid the ongoing trade tensions between the United States (US) and China, a dealer said.

With the escalating tariff conflict, we may see China turning to Argentina as an alternative to purchase soybean oil instead of from the US, says a trader.

World markets themes for the week ahead

LONDON: Following are five big themes likely to dominate thinking of investors and traders in the coming week

A rate hike at the U.S. Federal Reserve's Sept. 25-26 policy meeting is all but certain - taking the rate to 2.00 percent-2.25 percent. And the odds have also increased for a December rise and more bumps up into 2019

China drafts new nuclear energy law, focus on international market

SHANGHAI (Reuters) - China will provide more support for its nuclear firms to go overseas and strengthen their position on the international market, according to new draft legislation submitted to the industry for consultation on Friday.

Stock volume spikes on sector reshuffle, quadruple witching; seen to continue next week

NEW YORK: An overhaul of Wall Street's technology and media sectors coincided with the quarterly expiration of futures and options, bringing a burst of volume to trading late on Friday that could continue in the days that follow.

A burst of volume to trading late on Friday could continue in the days that follow.

Asian prices weaken as demand slows during trade conference

SINGAPORE: Asian spot liquefied natural gas (LNG) prices weakened this week as demand slowed after a flurry of purchases in September and with many players attending a major trade conference in Barcelona,

In the spot market, Malaysia's Petronas may have offered an LNG cargo for late-October delivery from Bintulu, a second industry source said, though this could not immediately be confirmed.  Malaysia's LNG exports fell this year as domestic gas pipeline issues have plagued the country since January.

Malaysian palm oil price falls for fifth straight day on rising output woes

KUALA LUMPUR: Malaysian palm oil futures charted a fifth consecutive day of losses on Friday evening, ending the day near three-year lows, weighed down by concerns that output would rise.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange ended down 0.1 percent at 2,143 ringgit ($519.14) a tonne .  It fell to a three-year low of 2,137 ringgit in the previous session and is down 3.6 percent on the week, its sharpest weekly decline since mid-July.

Dow hits new closing high ahead of index reshuffle

NEW YORK: Industrials led the Dow to a new closing high on Friday ahead of Monday's major sector reshuffle, capping a week that largely shrugged off trade worries.

The Dow Jones closed at a new record high yesterday. Picture shows traders working on the floor of the NYSE yesterday. - Reuters

Crisis demands revamped South Africa defence sector - Paramount chairman

JOHANNESBURG (Reuters) - Effective collaboration between companies across South Africa's defence industry and lucrative export markets from Central Asia to Saudi Arabia offer a way out of a crisis in the sector - once a pillar of Africa's most advanced economy - a top industry figure said.