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European vegoils prices climb boosted by gains in CBOT soyoil

LONDON: Palm oil prices on Europe's vegetable oil market were higher on Wednesday boosted by a rebound in Malaysian futures and gains in CBOT soybean oil.

Oil prices stable after big draw in US crude inventories

NEW YORK: Oil prices rebounded from early losses on Wednesday after U.S. government data showed a larger-than-expected falloff in crude inventories, which encouraged buying after several days of selling on worries that a global crude glut was persisting despite output cuts by producing countries.

Mosul businesses start reconstruction without waiting for final IS defeat

MOSUL, Iraq (Reuters) - Some businessmen in Mosul have begun rebuilding their shattered premises without waiting for financial support from the cash-strapped Iraqi government or for the final defeat of Islamic State in the city.

Mamak outlets ‘not overcharging’

PUTRAJAYA: Patrons of mamak restaurants will be glad to hear that they have not been overcharged for roti canai, teh tarik and other staples they enjoy at their favourite eateries.

Board to let shareholders decide on Goldis' proposal to privatise IGB

PETALING JAYA: IGB Corp Bhd will put forward a proposal to its shareholders to take the company private.

AmBank: Malaysian bonds to rally after selldown

KUALA LUMPUR: Malaysia’s sovereign bonds will rally in the next three months, spurred by demand from local insurers and pension funds, and an accommodative interest-rate policy, according to the nation’s top debt arranger.

KPJ warrants hit limit-up

KUALA LUMPUR: KPJ Healthcare Bhd’s company issued warrants hit its limit up price of RM1.11 and tracked the gains from its mother share as the group is expected to benefit from a recovery in consumer sentiment this year.

PLUS highway tolls go cashless

KUALA LUMPUR: All tolls on PLUS highways are now fully electronic and no cash payments will be accepted.

RHB Research: HLI to ride on motorcycle businesses in Vietnam, Malaysia

PETALING JAYA: Hong Leong Industries Bhd (HLI) motorcycle businesses in Vietnam and Malaysia will continue to contribute significantly to the company’s profitability going forward backed by strong consumer demand, according to RHB Research.

Raising water rates meant to cut wastage, says Lim

GEORGE TOWN: The state government’s decision to raise the water surcharge is meant to penalise consumers who waste water, says Chief Minister Lim Guan Eng.