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EOG Resources boosts fracking plans even with oil price at $40

HOUSTON: Shale oil bellwether EOG Resources Inc on Thursday boosted this year's fracking plans by 30 percent, saying it expected big returns on new wells even as oil dipped back to $40 a barrel.

Chevron to sell assets in Asia worth up to US$5bil - WSJ

ENGALURU: Chevron Corp, the second-largest US oil company, is selling some assets in Asia worth up to US$5bil (RM20.2bil), the Wall Street Journal reported, citing people familiar with the matter.

Ghana invites Malaysian businesses to help develop its infrastructure

KUALA LUMPUR: Ghana is calling on Malaysian businesses to invest in its infrastructure sector, especially the roads and railways.

Foreign buying of banks lifts KLCI, DRB-Hicom actively traded

KUALA LUMPUR: Banks staged a rebound on Thursday, underpinned by foreign buying, enabling the FBM KLCI to recoup more than half of the previous day's losses while DRB-Hicom shares and its call warrants saw very active trade.

Siemens lifts profit forecast, adapts to low-growth world

FRNKFURT: Siemens reported growth in orders and sales that outpaced those of its main rivals despite global political uncertainty that is dampening customers’ appetite to invest in areas from oil and gas to industrial plants and transport projects.

Torch sails in to Rio ahead of Games' Friday opening

RIO DE JANEIRO (Reuters) - Police used stun grenades and tear gas to clear protesters in the path of the Olympic torch in a poor suburb of Rio de Janeiro on Wednesday, two days before South America's first Olympic Games open under tight security.

MISC Q2 earnings surge nearly 81% to RM1.34b, div 10 sen

KUALA LUMPUR: MISC Bhd's earnings surged 80.7% to RM1.34bil in the second quarter ended June 30, 2016 from RM745.18mil a year ago, boosted by net acquisition of subsidiaries. It declared an interim dividend of 10 sen a share.

Wah Seong subsidiary bags RM166m Schneider job

UALA LUMPUR: Wah Seong Corporation Bhd's subsidiary has secured a US$41.24mil (RM166.7mil) contract from Schneider Electric France SAS to build seven pre-fabricated sub-stations in Kazakhstan.

HSBC plans US$2.5b share buyback as profit drops

LONDON: HSBC Holdings Plc announced a US$2.5bil share buyback for this year, seeking to soften the blow to investors as global economic uncertainty prompted it to abandon a 2017 profitability target and step back from its plans to boost dividends.

Hartalega expected to mitigate lower margins