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Malaysian palm oil price Palm up 1% on zero tax forecast, technical rebound

KUALA LUMPUR: Malaysian palm oil futures rose 1 percent by close of trade on Wednesday, reversing losses from earlier in the day to chart a fourth straight day of gains on expectations that Malaysia's crude palm oil export duty for September could be a zero rate.

Chinese exports accelerate even as Trump escalates trade war

BEIJING (Reuters) - China's exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world's two major economic powers ramp up a bitter dispute that some fear could derail global growth.

S&P 500, Dow edge down as oil prices, trade worries weigh

NEW YORK: The S&P 500 closed slightly lower on Wednesday as falling crude prices and trade jitters held markets in check.

In peace between Ethiopia and Eritrea, UAE lends a helping hand

ADDIS ABABA/DUBAI (Reuters) - When the leaders of Ethiopia and Eritrea embraced in Asmara last month, promising to end the two-decade-old state of war between their two countries, it looked like a sudden breakthrough.

Italy's PM Conte sees no rush for Libyan election

ROME (Reuters) - Italy's Prime Minister Giuseppe Conte said on Wednesday that it is not vital for Libya to vote this year, signalling doubts about a French-led push to hold elections in December to stabilise and unify the North African country.

German ministry - No decision yet on Iran bid to withdraw cash

BERLIN (Reuters) - The German finance ministry on Wednesday denied a media report suggesting it would give Iran permission to withdraw 300 million euros (£270.1 million) in cash from bank accounts held in Germany, a plan that is strongly opposed by the United States.

Khamenei says Iran does not have anything to be concerned about

BEIRUT (Reuters) - Iran's utmost authority Supreme Leader Ayatollah Ali Khamenei said the Islamic Republic had nothing to be concerned about, a report on his official website said on Wednesday, as the country's clerical leadership faces biting U.S. sanctions.

Saudi Arabia stops medical treatment programs in Canada as row escalates

RIYADH (Reuters) - Saudi Arabia said on Wednesday it had stopped all medical treatment programs in Canada and was working on the transfer of all Saudi patients from hospitals there, in an escalating row after Ottawa urged it to free rights activists.

China defends Iran business ties after Trump threat

BEIJING (Reuters) - China's business ties with Iran are open, transparent and lawful, its foreign ministry said on Wednesday, after U.S. President Donald Trump said companies doing business with Iran would be barred from the United States.

Five-year-old suffers broken hand after alleged beating by caretaker

SIBU: A five-year-old girl suffered a broken right hand after an alleged beating by a caretaker using a piece of wood in a worker's quarters of a palm oil mill in Selangau.