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