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KUALA LUMPUR: Hong Leong Investment Bank (HLIB) Research sees the weak oil market benefitting Reach Energy Bhd’s acquisition plan.
KUALA LUMPUR : Several construction counters have rallied to new all time highs following the Budget 2017 presentation last week due to the continuation of existing major infrastructure initiatives and positive earnings expectations ahead of the third quarter earnings season.
AT&T Inc's proposed US$85bil (RM355.4bil) takeover of Time Warner Inc generated skepticism among both Democrats and Republicans.
KUALA LUMPUR: Maxis Bhd, Genting Malaysia and Petronas Gas led the FBM KLCI higher at the close on Monday while crude palm oil futures rallied and the ringgit firmed up against the US dollar.
KUALA LUMPUR: Malaysian palm oil futures climbed to their strongest levels in two and a half years on Monday evening on declining output data, and tracking gains in rival oils on China's Dalian Commodity Exchange and the Chicago Board of Trade (CBOT).
KUALA LUMPUR: Chinese vegetable oils rallied on Monday afternoon, led by a surge in palm olein prices to their highest level in more than two years, as depleting stockpiles tightened supplies and lifted the market
NEW YORK: Oil prices dipped on Monday, with U.S. crude briefly falling below US$50 per barrel, on news of the impending restart of Britain's Buzzard oilfield and Iraq's wish to be exempted from OPEC production cuts.