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PETALING JAYA: High-profile Indonesian oil and gas explorer Samudra Energy Ltd has postponed its flotation on the Singapore market, citing weak market conditions.
PETALING JAYA: Freight Management Holdings Bhd is at risk of having its haulage licence suspended by the Land Public Transport Commission (SPAD) following a recent incident involving its trucks.
PETALING JAYA: In a surprising move, Tan Sri Shamsul Azhar Abbas, the president and chief executive officer of Petroliam Nasional Bhd (Petronas) is being offered a seven-month extension to his contract, according to sources. Previous media speculation had reported that Shamsul would be offered at least a one-year extension when his contract ends this Sunday.
NEW YORK: Oil prices fell on Tuesday, with U.S. crude futures down 2% after manufacturing data raised concerns about a weakening global economy, while the U.S.-China trade dispute continued to drag on investor sentiment.
CHICAGO: A U.S.-China trade deal appeared elusive on Friday after Chinese officials unexpectedly cancelled a visit to farms in Montana and Nebraska amid two days of ongoing talks in Washington.
SINGAPORE: Oil slipped on Wednesday after U.S. industry data showed a bigger-than-expected build in crude stockpiles, but possible deeper production cuts coming from OPEC and its allies prevented a further slide in prices.
TOKYO: Sentiment among Japanese manufacturers and service-sector firms in December improved to its least pessimistic since February, as businesses eyed a slow and bumpy recovery from COVID-19 disruptions, a Reuters poll showed on Tuesday.
NEW YORK: The Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology shares and pivoted to sectors viewed as more likely to benefit from an economic recovery on the back of fiscal stimulus and vaccination programs.
KUALA LUMPUR: Malaysian budget airline AirAsia Group Bhd expects clarity on its fundraising efforts in the next two to three months, as the company continues talks with prospective funders, its chief executive said on Friday.