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Oil price falls on renewed lockdowns, stronger US$
NEW YORK: Oil prices steadied on Monday after strong gains last week, as tough coronavirus lockdowns around the world renewed concerns about global fuel demand, while a stronger U.S. dollar also weighed on prices.
Global stocks fall from records on rising Covid-19 cases
NEW YORK:Stocks fell on Monday, slipping from record highs, partly on caution over rising coronavirus cases globally while elevated Treasury yields continued to support the dollar, which touched its highest since December against a basket of peers.
Tesla hunts for design chief to create cars for China
BEIJING: Tesla Inc is searching for a design director in China, part of efforts to open a "full-function" studio in Shanghai or Beijing and design electric cars tailored to Chinese consumer tastes, according to three people with knowledge of the matter.
CIMB providing payment relief on loans, financing products
KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd will be providing payment relief on various loans and financing products to help flood-hit customers and staff in various states.
AmInvestment maintains 'buy' on Sapura Energy
KUALA LUMPUR: AmInvestment Bank Research expects Sapura Energy Bhd's order book to be boosted by nearly a third if it secures its bid for a contract for the central processing platform for SapuraOMV Upstream Sdn Bhd's Jerun field development in offshore Sarawak.
Insight - Return to GST?
ON Jan 2, the Finance Minister wrote an op-ed in the StarBizWeek, which amongst other things, talked about the government “executing its Medium-Term Revenue Strategy... to meet medium-term revenue goals.”
CPO prices to trade at high levels in first half
Increase due to tight global vegoil supply and recovery demand
Saudi Arabia’s extra oil cut to last two months
RIYADH: Saudi Arabia’s additional million-barrel-a-day oil production cut will last two months, and then the supplies will be returned to the market, the kingdom said.
Malaysia's biodiesel mandate to be delayed by 6 months
KUALA LUMPUR: Malaysia's B20 biodiesel mandate will be delayed by about six months to early 2022, said Plantation Industries and Commodities Ministry secretary general Ravi Muthayah.
