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Oil price falls on concerns over rising supply, weaker demand

NEW YORK: Oil prices fell on Friday as concerns about surging U.S. output and falling demand in China weighed on the contract and JP Morgan cut its price forecast.

Malaysian palm oil price near one-month low, falls for 5th straight session

NEW DELHI: Malaysian palm oil futures hovered near a one-month low and extended losses into a fifth straight session on Friday, tracking weaker soybean prices in Chicago, while slowing demand growth and higher inventories also weighed.

Wall St. rises, investors eye Fed decision, summit fears ebb

NEW YORK: U.S. stock indexes closed higher on Friday as investors shrugged off concerns about global trade tensions but trading volume was relatively light ahead of a busy week of central bank meetings

Malaysia Airlines records improved yields in 1Q18

SEPANG: Malaysia Airlines Bhd (MAB), which has been focusing on its yields, has reported a year-on-year yield (YoY) improvement of 6.6% in the first quarter ended March 31 despite the significant competition in both international and domestic sectors.

Pharmaniaga shares fall the most in two years; MoH dismisses claims of monopoly

KUALA LUMPUR: Pharmaniaga Bhd fell 7.4%, the biggest single day move in two years on concerns over its concession agreement with the Health Ministry (MoH) to supply medicines.

Ant Financial raises US$14bil in world’s largest-ever single fundraising

SHANGHAI: Ant Financial Services Group, operator of China’s biggest online payment platform, on Friday said it raised around US$14bil in what market watchers called the biggest-ever single fundraising globally by a private company.

HSS Engineers slides 3% after loss of RM290mil contract

KUALA LUMPUR: HSS Engineers Bhd’s shares fell 3% in early trade Friday after the company announced that it lost a RM290mil job after MRT 3 project was cancelled.

Pharmaniaga shares fall on concerns over concession agreement

KUALA LUMPUR: Shares in Pharmaniaga Bhd fell 4% in early trade on concerns over its concession agreement with the Health Ministry (MoH) to supply medicines.

Arrest warrant issued for Ting

KUALA LUMPUR: Tan Sri Ting Pek Khiing has been served with an arrest warrant following his failure to appear in court in a suit involving him and his creditors demanding for monies to be repaid.

Report: Buffett, Dimon say quarterly profit forecasts harming economy

BENGALURU: Billionaire investor Warren Buffett and JPMorgan Chase chief executive Jamie Dimon (pic) voiced concerns that the financial markets’ focus on short-term goals is hurting the economy and urged companies to move away from providing quarterly earnings guidance, according to the Wall Street Journal.