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Business

Oil rises for 7th session

NEW YORK: Oil rose for a seventh straight session on Friday on a declining U.S. rig count and stronger demand data from China, while U.S. equities mostly rebounded to end a volatile week on an up-beat, helped by a double-digit jump in Nike shares

World

Islamic State under pressure in Iraqi and Syrian strongholds

MOSUL, Iraq/RAQQA, Syria (Reuters) - U.S.-backed Iraqi forces pressed Islamic State fighters holding out in Mosul's Old City on Friday, while in Syria the militant group launched a counter-attack against an alliance of militias trying to oust it from its de facto capital of Raqqa.

Business

Wall Street ends bumpy week, strong 1st half with modest gain

NEW YORK: Major U.S. stock indexes ended a volatile week on a modestly high note on Friday, led by a surge in Nike shares, and the S&P 500 scored its biggest gain for the first half of the year since 2013 while the Nasdaq Composite's first-half gain was its best in eight years

World

Islamic State counter attack causes fierce clashes in Syria's Raqqa

BEIRUT (Reuters) - Islamic State mounted a fierce counter-attack against the Syrian Democratic Forces (SDF) alliance of militias in the city of Raqqa on Friday, but there were divergent accounts of its success in regaining ground.

World

Australia's Aborigines deliver PM a roadmap to constitutional recognition

MELBOURNE (Reuters) - Australia's aboriginal leaders delivered a report to Prime Minister Malcolm Turnbull on Friday recommending the indigenous population be recognised in the constitution as the country's first people, with a history dating back some 50,000 years.

Business

KLCI ends Q2 up just 1.3% after selling pressure

KUALA LUMPUR: The FBM KLCI ended the second quarter up just 1.35% on Friday after selling pressure on key stocks including Asia's largest hospital operator IHH Healthcare and CIMB, reflecting the cautious key Asian markets.

Business

Oil set for longest rally this year as oversupply concerns ease

LONDON: Oil headed for the longest run of gains in six months as a drop in U.S. crude production and gasoline stockpiles eased concern that OPEC-led supply curbs were proving ineffective.

Business

East Asian stocks seen rising despite tighter monetary policy

BENGALURU: East Asian stock markets are broadly expected to rise through the rest of this year, driven up by solid economic growth and company earnings even as central banks across the region move towards tighter monetary policies, a Reuters poll found.

TECH

Global cyberattack likely cover for malware installation in Ukraine: police official

The primary target of a crippling computer virus that spread from Ukraine across the world this week is highly likely to have been that country's computer infrastructure, a top Ukrainian police official said.

Business

Maybank IB positive on Aeon Co’s disposal

KUALA LUMPUR: Maybank Investment Bank Research is “mildly positive” on Aeon Co (M) Bhd’s proposed disposal of the Aeon Mahkota Cheras mall.