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OIL prices are signalling the need for an urgent increase in production from Opec+ and US shale companies as the global economy and oil demand recover more rapidly than expected from the pandemic.
KUALA LUMPUR: The FBM KLCI closed in the red, its third straight session in negative territory after the US Federal Reserve brought forward its outlook for an interest rate increase.
SINGAPORE: Crude oil prices fell on Thursday as the U.S. dollar strengthened after the Federal Reserve signalled it might raise interest rates faster than expected, but losses were limited by a big drop in U.S. crude oil inventories.
KUALA LUMPUR: Blue chips extended their losses in early Thursday trade, tracking the weaker key Asian markets and the overnight fall on Wall Street.
KUALA LUMPUR (Bernama): The retail price of RON97 petrol will increase by 2 sen per litre from RM2.65 per litre to RM2.67 per litre while the prices of RON95 petrol and diesel remain unchanged at RM2.05 and RM2.15 per litre respectively from June 17 until June 23.
TOKYO, June 16 (Japan Times/ANN) - Japan’s exports in May jumped 49.6% from a year ago to post the sharpest rise in over four decades, with their rebound from a coronavirus pandemic-induced downturn driven by solid demand for cars and auto parts, government data showed Wednesday.
KUALA LUMPUR: Tenaga Nasional regained its footing while positive news flow from Axiata and higher oil prices boosted Petronas Gas and gave the FBM KLCI a slight boost early Wednesday while the broader market was mixed.
NEW DELHI: India, the world's top importer of vegetable oil, will have to spend billions of extra dollars this year to buy more costly cooking oil from overseas and is mulling cutting taxes on those imports to soften the blow to the economy, industry officials have said.
BEIJING: The growth of foreign direct investment in China will maintain its sound pace this year, thanks to the country’s robust economic recovery and moves to upgrade its industries and further expand local demand, experts and business leaders said on Monday.
KUALA LUMPUR: Blue chips closed slightly lower on Tuesday, weighed down by losses in Tenaga Nasional, Petronas-linked stocks and plantations in a very lacklustre performance as worries about the impact of the lockdown on the economy weighed.