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Business 06 Jan 2015 | 6:32 AM

Swooning energy shares and oil price lead Wall St. to worst day since early October

NEW YORK: The S&P 500 had its worst day in almost three months on Monday, with energy shares leading the decline as global economic concerns were compounded by swooning oil prices.

Nation 06 Jan 2015 | 12:00 AM

It’s not all that bad for inbound tourism, says MATTA

PETALING JAYA: Malaysia will be a more affordable destination for foreign tourists with the weaker ringgit but tour agencies that cater to overseas travel are in for a rough ride, says the Malaysian Association of Tour and Travel Agents (MATTA).

Nation 06 Jan 2015 | 12:00 AM

Ringgit at its lowest against US dollar amid fears of low oil prices and rate hike

PETALING JAYA: The ringgit has fallen to its lowest against the US dollar since August 2009 amid concerns over the impact of low oil prices on Malaysia’s economy and the timing of US interest rate hike.

Business 06 Jan 2015 | 12:00 AM

Decline in Malaysian exports to continue

PETALING JAYA: Malaysia’s exports for November is likely to show another contraction, reflecting the drop in crude oil prices, economists said.

World 05 Jan 2015 | 10:30 PM

U.S. leads 20 more air strikes against Islamic State

WASHINGTON (Reuters) - The U.S.-led coalition launched 20 more air strikes against Islamic State in Syria and Iraq on Sunday and Monday, targeting fighters for the militant group and hitting its crude oil operations, according to the Combined Joint Task Force leading the operations.

Business 05 Jan 2015 | 5:38 PM

Public Bank, Petronas Chemicals weigh on KLCI

KUALA LUMPUR: Malaysia’s blue chips ended Monday on a weak note, with the FBM KLCI down nearly 1%, dragged down by losses in banks, oil and gas stocks including Petronas counters.

Commodities 05 Jan 2015 | 2:48 PM

Revamped US oil hedges may test Opec's patience

NEW YORK: As a war of nerves between US shale producers and Gulf powerhouses intensifies, Opec’s biggest members are counting down the months until their upstart rivals lose the one thing shielding them from crashing oil prices – hedges. But they may need much more patience than reckoned because those hedges are a moving target.

Business 05 Jan 2015 | 1:03 PM

KLCI down 0.73% as negative trend continues

KUALA LUMPUR: The FBM KLCI was down 0.73% at the break on Monday after initially gaining more than 6 points in early morning trade, as a resurgent dollar, Wall Street’s flat performance on Friday, falling oil prices and concerns over the Malaysian economy weighed on the market.

Business 05 Jan 2015 | 8:28 AM

Palm oil/Vegoils: Market factors to watch on Monday Jan 5

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Dec 5.

Nation 05 Jan 2015 | 12:00 AM

Food stall operators maintain cost of their fare despite drop in price of fuel

PETALING JAYA: Rises in fuel cost usually lead to higher cost of food in eateries but there has been no corresponding drop in the prices of food in restaurants, coffee shops and stalls in spite of the much lower prices of fuel today.