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KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday evening in their second consecutive day of gains, helped by strong export data and firmer soyoil prices.
DETROIT: Major automakers on Tuesday posted declines in U.S. new vehicle sales for April in a fresh sign the long boom cycle that lifted the American auto industry to record sales last year is losing steam, sending carmaker stocks down.
NEW YORK: Brent crude oil prices fell on Tuesday to its lowest level in over five months, erasing all of the gains since OPEC agreed to cut production at the end of November, after breaking through a key technical support level.
NEW YORK: Apple Inc reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company's most important product later this year.
PETALING JAYA: Shares in Malaysia Airports Holdings Bhd (MAHB) jumped to its highest level in more than a year after its first quarter results ended March 31 came in better than what the market had expected.
KUALA LUMPUR: The Federal Land Development Authority (Felda) is looking to raise its stake in Iris Corp Bhd, chairman Tan Sri Shahrir Abdul Samad said. “We will decide (later) whether we want to buy more shares in the market,” he said
PETALING JAYA: A marginal improvement in Malaysia’s manufacturing operating conditions was recorded for the first time in two years during April, as seen in the Nikkei Malaysia Manufacturing Purchasing Managers’ Index (PMI).
JOHOR BARU: Concerned about the low take-up rate of bumiputra lots, the state government will look for ways to help developers sell the unsold units.
NEW YORK: The real estate industry has spent the better part of the last decade worrying about the buying habits of millennials.
SCGM Bhd’s proposal for a one-for-three bonus issue and two-for-15 issue of new warrants will be positive in the long-term, according to Kenanga Research.