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PETALING JAYA: Crude palm oil (CPO) prices are expected to remain range-bound in the near term at RM1,900-RM2,300 per tonne as the market digests the record US soybean supplies, higher palm oil supplies and lower crude oil prices, according to CIMB Research.
SEATTLE: Microsoft Corp reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact.
SINGAPORE: Brent futures fell more than 1% on Wednesday, down for a sixth straight session, with persistent worries of a supply glut keeping prices near a 5½-year low under US$60 a barrel.
LONDON: It is barely two weeks since Greece was on the brink of crashing out of the euro, yet some investment banks are now encouraging investors to return to its bond market.