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Business

Malaysian palm oil price up more than 1%, tracks stronger US soyoil

KUALA LUMPUR: Malaysian palm oil futures rose more than 1 percent on Tuesday and hit its highest level in six weeks, tracking gains in U.S. soyoil in Chicago and supported by prospects for an easing of production..

Business

Oil drops over 5 percent on economic slowdown fears, supply glut(Update)

NEW YORK: Oil prices tumbled more than 5 percent on Tuesday in heavy trade due to fears of oversupply and deteriorating demand, extending a selloff that has taken major crude benchmarks down more than 30 percent from an October peak.

Business

US faces biggest stocks drop in 87 years, global stocks dip ahead of Fed news

NEW YORK: Global equity markets dipped on Tuesday as nervous investors awaited indications whether the Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy.

Football

United run out of patience with Mourinho, Pochettino in the frame

LONDON (Reuters) - Jose Mourinho's relationship with Manchester United reached irretrievable breakdown a long time ago but the Old Trafford hierarchy finally served the divorce papers on Tuesday as the world's biggest club sacked the game's most famous manager.

Corporate News

Apex Mercury inks RM140mil merger deal

KUALA LUMPUR: JF Apex Securities Bhd (JF Apex) and Mercury Securities Sdn Bhd (Mercury) today entered into an agreement to merge their stockbroking operations.

World

Mexico to raise base wage, new leader pledges more hikes to come

MEXICO CITY (Reuters) - Mexico's wage commission said on Monday it planned to hike the country's minimum wage by 16 percent to around $5 (3.96 pounds) a day and new President Andres Manuel Lopez Obrador pledged further rises to keep up with inflation.

TECH

Ask Google Assistant if your flight's delayed

Travellers can now check their flight status by asking Google Assistant, which can predict and even find out what is causing the delay, if any.

TECH

Japanese startup unveils cuddly, affectionate companion robot

Japanese startup Groove X, founded by an alumni of SoftBank Group Corp's robotics unit, unveiled its first creation on Tuesday – a companion robot designed to make users happy.

TECH

The world's keenest online hagglers help Line rule in Thailand

Thais like to bargain hard online for clothes, food and even iPhones, a trend that Japan’s Line Corp is tapping to remain the dominant messaging service in the country.

Corporate News

Transocean enters agreement to acquire Swift Haulage for RM750m

KUALA LUMPUR: Transocean Holdings Bhd has signed a heads of agreement to acquire 77.2% equity interest in Swift Haulage Sdn Bhd from certain shareholders with a view to acquiring the entire equity interest in the company.