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Wall Street closes higher as new stimulus talks ease shutdown worries
NEW YORK: U.S. stocks ended in positive territory on Thursday as fresh stimulus hopes buoyed investor sentiment toward the end of a session fraught with worries over mounting shutdowns and layoffs linked to spiraling COVID-19 infection rates.
Ringgit closes higher vs US$ at 4.0880
KUALA LUMPUR: The ringgit extended last week’s upward momentum to close higher against the US dollar today as risk appetite was fuelled by stable crude oil prices, dealers said.
CPO December contract closes lower at RM3,448
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower today, in line with the weaker soybean oil prices on the US Chicago Board of Trade (CBOT).
Oil price closes at highest level since March
NEW YORK: Oil rose about 4% on Tuesday to touch highs not seen since March as a third promising coronavirus vaccine raised hope for fuel- demand recovery and U.S. President-elect Joe Biden began his transition to the White House.
Platinum Equity nears US$7bil deal
Beverly Hills: US private equity firm Platinum Equity will buy HNA Group Co’s technology distribution business Ingram Micro Inc in a deal valued at about US$7.2bil.
OKA Corp closes Senai plant temporarily due to Covid-19
KUALA LUMPUR: OKA Corporation Bhd has closed its Senai factory temporarily until Dec 21 after two of its workers were found to be infected with Covid-19.
OKA closes Senai plant due to infections
KUALA LUMPUR: OKA Corp Bhd has closed its Senai factory temporarily until Dec 21 after two of its workers were found to be infected with Covid-19
New Hoong Fatt closes factory to contain Covid-19
KUALA LUMPUR: New Hoong Fatt Holdings Bhd has temporarily closed the affected metal parts production factory of its wholly-owned subsidiary Auto Global Parts Industries Sdn Bhd (AGP) from Dec 25 until further notice to contain potential Covid-19 infections.
Rubber market closes lower
KUALA LUMPUR: The Malaysian rubber market extended losses to close lower yesterday amid the mixed performances of the regional rubber futures markets.
