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Business 15 Mar 2012 | 12:00 AM

Obama, Cameron discussed tapping oil reserves

WASHINGTON (Reuters) - Barack Obama and David Cameron discussed the possibility of releasing emergency oil reserves during a meeting on Wednesday, two sources familiar with the talks said, the first sign that Obama is starting to test global support for an effort to knock back near-record fuel prices.

Business 02 Mar 2012 | 12:00 AM

World can replace oil lost to Iran sanctions - U.S.

WASHINGTON (Reuters) - Global oil producers appear to have enough spare capacity to make up for Iranian exports curtailed by tough new sanctions, U.S. Energy Secretary Steven Chu said on Thursday.

Business 16 Sep 2011 | 12:00 AM

Oil releases a gamechanger, despite price bounce

NEW YORK, Sept 16 (Reuters) It might not sound like much of a victory. The United States and other oil consuming countries release emergency stocks of oil to put a lid on prices. The result: oil prices in London rise by $1 since the program began, three months ago.

Business 24 Jun 2011 | 12:00 AM

Oil above US$92 in Asia Friday as traders mull IEA reserves release(update)

SINGAPORE: Oil prices rose to above $92 a barrel Friday in Asia, clawing back some of the previous session's big losses as investors mulled the impact of the IEA's release of emergency crude supplies.

Business 08 Mar 2011 | 12:00 AM

Oil price will fall only slightly if US releases reserves

PETALING JAYA: The prices of crude oil will only drop slightly should the United States decide to release part of the country's 727 million barrels under its Strategic Petroleum Reserve (SPR) to support the still fragile economic recovery.

Business 16 Feb 2007 | 12:00 AM

Industry players: No need for further delay

The deferment of the implementation of single-pricing regime (SPR) for unit trusts to July 1, from April 1, is reasonable and should not be delayed further, according to industry players.

Business 16 Feb 2007 | 12:00 AM

Single price will eventually lower sales charges for unit trusts

The single-pricing regime (SPR) for unit trusts will in the long run pressure fund houses to reduce sales charges and see unit trust consultants playing a more active and advisory role in their clients' future investments.

Business 20 Aug 2005 | 12:00 AM

China’s oil purchase fraught with woes

WITH oil prices spiralling through the roof, it makes good economic and strategic sense to think ahead. China is already the world's second largest oil importer, after the United States.

Business 13 Mar 2004 | 12:00 AM

Taiwan coffee chains tempting China tea drinkers

There's a change brewing in China. In a country steeped in millennia-old traditions of drinking tea, the younger generation in fast-developing coastal provinces is switching to coffee as part of the drive to embrace Western tastes.

Business 06 Aug 2003 | 12:00 AM

HeiTech to improve balance of public, private sector projects

HEITECH Padu Bhd expects to balance its portfolio of public and private sector projects in the local technology outsourcing market, said its executive chairman Datuk Mohd Hilmey Mohd Taib.