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Business 05 Jan 2016 | 12:00 AM

Oil finds glut relief from China's thirst for crude

SHANGHAI: China’s insatiable appetite for crude is at least one thing oil bulls can count on this year.

Business 04 Dec 2015 | 3:46 PM

Oil drops after Opec maintains output despite oversupply

NEW YORK: Oil prices fell on Friday morning in the US after news that the Organisation of the Petroleum Exporting Countries (Opec) was planning to maintain its production near record highs despite depressed prices, as the producer group continued to seek share of an oversupplied market.

Banking 14 Oct 2015 | 2:16 PM

China heads for record crude buying year as cargoes snapped up

SINGAPORE: As China closes in on the United States as the world's biggest crude oil importer, demand from private refiners and stockpiling of cheap oil is expected to keep imports at record levels after a wobble in the third quarter.

Business 28 Nov 2014 | 12:00 AM

China ramps up crude oil buying

BEIJING: China is estimated to be holding double the amount of crude in its strategic reserves than its official plan has revealed, as the world’s top energy consumer takes advantage of a dive in prices to strengthen its position in the global oil market.

Business 10 Sep 2014 | 1:47 PM

Federal Govt allocates RM1.8bil for transmission projects in Sabah

KOTA KINABALU: The Federal government has agreed to allocate RM1.812bil in grants to implement critical transmission projects in the state

Business 03 Sep 2014 | 8:58 AM

Boeing shares slip after first 'underperform' rating since 2009

NEW YORK: Boeing Co shares slipped 1.3 percent on Tuesday after a pair of downgrades from highly ranked analysts, including one who cut the stock outlook to "underperform."

Business 07 Feb 2014 | 7:28 AM

Wall Street rallies on labor market data, earnings

NEW YORK: U.S. stocks posted their best day of the year on Thursday after a drop in applications for unemployment insurance boosted confidence in the economy and Disney's results overshot expectations.

Business 06 Dec 2013 | 8:51 AM

Boeing bidders dangle goodies to win 777X jetliner

NEW YORK/CHARLESTON, South Carolina: South Carolina will clinch a long-awaited land sale next week that should help Boeing Co expand aircraft production. Perhaps more importantly, the $13.8 million deal may help South Carolina win assembly work for Boeing's next big jet.

Business 30 Aug 2013 | 8:31 AM

U.S. Consults Oil Experts As It Weighs Action Against Syria

WASHINGTON: Obama administration officials have contacted energy experts in recent days to discuss oil market conditions as the president weighs a military strike against Syria, sources familiar with the matter told Reuters.

Business 13 Jul 2013 | 7:10 AM

Wall St. Rises On Banks' Results; S&P's Best Week Since January

NEW YORK: Stocks advanced on Friday, supported by banks' strong earnings, but Boeing limited the Dow's gain after an airplane fire in London.