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World 14 Feb 2017 | 2:45 PM

Iran's Rouhani to visit Oman and Kuwait

DUBAI (Reuters) - Iranian President Hassan Rouhani will visit Oman and Kuwait on Wednesday, state media reported, in his first visit to the Gulf Arab states since taking power in 2013.

World 14 Feb 2017 | 10:06 PM

Cash crunch drives South Sudan's troops and families to the edge

JUBA - Three years into a civil war and with inflation above 800 percent, South Sudan's government is struggling to pay its troops. When delayed wages finally arrive, the cash is so devalued it barely buys food for a week. 

Commodities 14 Feb 2017 | 10:10 PM

Oil pulls back in post-settlement trade as US stockpiles rise

NEW YORK: Oil prices pared gains after the settlement Tuesday, as evidence of surging U.S. crude oil stockpiles underscored concerns that shale production might limit the effectiveness of an OPEC-led effort to cut global output.

Business 14 Feb 2017 | 10:28 PM

Apple, banks push Wall Street to all-time high

NEW YORK: Major U.S. stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates.

Plantations 14 Feb 2017 | 10:41 PM

Malaysian palm oil price hits near 3-month low before gaining on low supply

KUALA LUMPUR: Malaysian palm oil futures came off near three-month lows to trade higher on Tuesday evening on concerns about a decline in February production, traders say.

Business 15 Feb 2017 | 12:00 AM

Dialog Q2 revenue rises to RM856.78mil

PETALING JAYA: Dialog Group Bhd registered a 34% higher revenue year-on-year (y-o-y) to RM856.78mil in its second quarter ended Dec 31, 2016, mainly attributed to its joint venture in the Pengerang Independent Terminals.

Banking 15 Feb 2017 | 12:00 AM

Singapore to allow foreign acquisitions of finance companies

SINGAPORE: Singapore’s central bank said it will allow foreign takeovers of the country’s three finance companies, as part of wider industry changes that seek to boost lending to small and medium enterprises (SMEs).

Plantations 15 Feb 2017 | 12:00 AM

KLK plantation profit surges in Q1 on higher palm oil price

PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) reported a 54% surge in its plantation pre-tax profit to RM419.4mil, thanks to improved selling prices for crude palm oil (CPO) and palm kernel (PK) for its first quarter ended Dec 31, 2016 (Q1’17)

Business 15 Feb 2017 | 12:00 AM

MISC unit awarded RM1.13bil

PETALING JAYA: MISC Bhd unit Gumusut-Kakap (L) Ltd (GKL) has been awarded US$254.44mil (RM1.13bil) by the Kuala Lumpur Regional Centre for Arbitration following arbitration proceedings between MISC and Sabah Shell Petroleum Company Ltd.

Economy 15 Feb 2017 | 12:00 AM

Economists: Malaysia to record modest growth this year

KUALA LUMPUR: Malaysia will record a modest growth of between 4.2% and 4.3% this year, largely driven by domestic demand and infrastructural projects, say economists.