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When Baharom Hamzah found that cleaning pins for O&G pipelines were not widely available, he decided to import them and carve a niche for himself. But suppliers were fickle and the technology jealously guarded. In the end, he sat down and made his own, reports JOY LEE.
TOKYO: Asian shares dropped on Monday, dragged down by tumbling crude oil futures after producers' weekend talks failed to address the global supply glut.
KUALA LUMPUR: BIMB Securities Research expects the unsuccessful summit in Doha to impact Bursa Malaysia and the FBM KLCI to trade at 1,720 to 1,725 on Monday.
DUBAI/BRUSSELS (Reuters) - Iran, seeking European leverage to secure better terms from the United States following last year's nuclear deal, asked the European Union to put pressure on Washington to ease its re-entry to the global financial system.
KUALA LUMPUR: Affin Hwang Capital Research is maintaining its Sell rating on Bumi Armada after reducing its target price from 81 sen to 65 sen to reflect the removal of the Armada Claire floating production storage and offloading (FSPO) contract and the revised forex assumption of RM4 to the US dollar.
KUALA LUMPUR: Key regional markets including Bursa Malaysia fell on Monday after the collapse in the Doha oil talks and the impact of the earthquake on Japan’s manufacturing sector.
ROME (Reuters) - A referendum aimed at curbing Italy's offshore oil and gas industry was sunk on Sunday when it failed to secure the necessary quorum, with a sizeable majority of voters shunning the ballot, initial data showed.
KUALA LUMPUR: RAM Rating Services has assigned a final rating of AAA(fg)/Stable to Perdana Petroleum Bhd’s RM635mil debt notes.