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Analyst Reports 24 Oct 2016 | 6:01 AM

Weak oil market benefits Reach Energy, says HLIB Research

KUALA LUMPUR: Hong Leong Investment Bank (HLIB) Research sees the weak oil market benefitting Reach Energy Bhd’s acquisition plan.

Economy 24 Oct 2016 | 6:04 AM

Japan's exports fall as yen gains

TOKYO: Japan's exports fell for a 12th straight month in September from a year earlier, official data showed, as the yen's gains undermined export prices, but rising shipment volumes pointed to a tentative pick-up in global demand.

Business 24 Oct 2016 | 6:23 AM

Construction counters hit new all time highs following Budget 2017

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.

TECH 24 Oct 2016 | 6:51 AM

AT&T-Time Warner deal sparks calls for scrutiny in Washington

AT&T Inc's proposed US$85bil (RM355.4bil) takeover of Time Warner Inc generated skepticism among both Democrats and Republicans.

Corporate News 24 Oct 2016 | 10:06 AM

Palm oil rallies, Maxis and GentingM boost KLCI

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.

Corporate News 24 Oct 2016 | 5:07 PM

India’s Tata Sons dumps Cyrus Mistry as chairman

MUMBAI: India’s Tata Sons dumped Cyrus Mistry as its chairman in a surprise announcement Monday, almost four years after his appointment as the first chief of the conglomerate from outside the Tata family.

Business 24 Oct 2016 | 10:49 PM

U.S. stocks, $ rise; oil hovers around 9-mth peak

NEW YORK U.S. stocks closed higher on Monday, with the S&P 500 hitting a two-week high on the back of strong earnings and a flurry of deal activity, while the U.S. dollar hovered near a nine-month peak against other world currencies.

Business 24 Oct 2016 | 11:01 PM

Malaysian palm oil price soars to over two-year high

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).

Business 24 Oct 2016 | 11:09 PM

China's vegetable oils rally as stockpiles decline, supplies tighten

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

Business 24 Oct 2016 | 11:16 PM

Oil dips on Buzzard restart, Iraq; US crude tests below US$50

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.