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US oil futures rose to US$47.04 a barrel after the Organisation of Petroleum Exporting Countries (Opec) said it was raising its forecast for global oil demand for 2004 and 2005, and on jitters over supplies from Iraq and Russia, ahead of US inventory data.
MALAYAN Banking Bhd (Maybank) plans to give out loans totalling at least RM50mil within a year under I>Maybank ITplus/I>, its new financing package that is aimed at helping small and medium-sized enterprises (SMEs) to acquire information and communications technology (ICT).
CONCERN over high oil prices, warning of a terrorist attack, and weaker-than-expected US economic data sent stocks on Bursa Malaysia lower, and the Kuala Lumpur Composite Index (KLCI) to its lowest point in a month.
Anglo-Australian mining giant Rio Tinto Plc said on Thursday its net profit for the first six months this year rose to US$1.44bil, from US$641mil a year ago, fuelled by strong global demand and high commodity prices.
Kevin Rollins, on his first visit to Japan as Dell Inc.'s chief executive, said Tuesday the country is a strategic market that is growing at a record pace for the U.S. computer maker.
WITH the release yesterday of the Guidelines on the Offering of Islamic Securities (IS Guidelines) by the Securities Commission (SC), Islamic securities offers will no longer be subject to the Guidelines on the Offering of Private Debt Securities that apply to conventional bonds.
The assurance by Federal Reserve chairman Alan Greenspan that any increase in US interest rates would be 'measured' has calmed the nerves of investors but is not expected to lead to much buying conviction in the immediate term, say analysts.