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Auto 21 Jan 2017 | 12:00 AM

After the crash of 2016, a cautious outlook for auto

MALAYSIAN vehicle sales growth had been steadily moving at cruising speed over the past six years but came to a screeching halt in 2016.

Business 29 Aug 2016 | 12:00 AM

Sinopec profit slips as refining fails to counter oil crash

HONG KONG: China Petroleum & Chemical Corp, the world’s biggest oil refiner, posted a 22% decline in profit for the first half of the year as oil’s collapse overpowered the boost from cheaper crude used to make fuels and chemicals.

Business 11 Aug 2016 | 12:00 AM

Singapore refinery profits crash

SINGAPORE: Singapore’s oil refining profits dropped to two-year lows, in the latest sign that the industry is pumping out too much fuel for the market to absorb.

Commodities 04 Feb 2016 | 11:16 PM

Conoco cuts dividend for first time in 25 years on crude crash

NEW YORK: ConocoPhillips slashed its quarterly dividend for the first time in at least 25 years and further lowered its capital budget for 2016 as a relentless fall in crude oil prices took its toll on the largest U.S. independent oil company.

Markets 23 Jan 2016 | 2:13 AM

Oil rips 10% higher as bears race to cash in on crash

NEW YORK: Oil prices surged 10 percent on Friday, one of the biggest daily rallies ever, as bearish traders who had taken out record short positions scrambled to close them, betting the market's long rout may finally be over.

Business 23 Jan 2016 | 12:00 AM

Oil crash tests resilience

Having invested aggressively in growing their assets during the oil-boom years of 2010-2014, many may now find themselves in a quandary, as the commodity’s market has busted and its prices have crashed to levels last seen in 2003.

Commodities 08 Dec 2015 | 2:11 PM

Mining giant Anglo American to cut jobs by two-thirds (Update)

LONDON: Global mining giant Anglo American announced Tuesday a “radical” restructuring of the firm that will slash its workforce by almost two-thirds, as commodity prices crash on world markets.

Economy 25 Oct 2013 | 10:34 AM

Singapore probes penny stocks crash

Singapore's central bank and stock market operator are conducting an extensive review of recent share price volatility in three inter-linked Singapore companies, which wiped out billions of dollars in combined market value from the firms.

Business 12 Nov 2013 | 5:48 PM

AMMB sets aside RM40m for exposure to three SGX-listed stocks

KUALA LUMPUR: AMMB Holdings Bhd’s Singapore unit AmFraser Securities Pte Ltd had provided RM40mil for Singapore-listed Blumont Group, LionGold Corp and Asiasons Capital from a recent penny stock crash.

Business 27 Mar 2014 | 1:05 PM

MH370 Crash: Life insurers processing claims

KUALA LUMPUR: Several members of the 14-member Life Insurance Association of Malaysia (LIAM) have started to process life insurance claims to the next-of-kin of passengers and crew on board Malaysia Airlines flight MH370.