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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.
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.
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
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.
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.
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.
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.
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.
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.
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.