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AseanPlus News

Crude oil prices plunge to 12-year low

PETALING JAYA: A brutal new year selloff in oil markets quickened on Monday, with prices plunging 6% to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude as low as US$20 a barrel.

AseanPlus News

Oil prices up as divided OPEC meets

Singapore (AFP) - Oil prices rose in Asia Friday as traders hedged their bets ahead of a meeting of the OPEC cartel whose members are divided on whether to slash production in an oversupplied global market.

AseanPlus News

US oil futures surge after Saudi King's death

US oil futures surged Friday following the death of Saudi Arabia's King Abdullah.

Nation

Beating for KLSE and ringgit

The effects of the free-falling oil prices hit the ringgit and the stock market, with the Malaysian currency declining to a four-year low and the Bursa recording its worst performance since mid-October. Oil and gas counters saw some RM8bil in paper wealth wiped out. In the stock exchange, 981 counters saw red numbers while only 82 made gains.

AseanPlus News

Oil prices down in Asian trade

Oil prices edged slightly lower in Asian trade Thursday, but losses were curbed on upbeat sentiment over demand in the United States and China, analysts said.

Community

Greenback further weakened, US tapering to be postponed to 2014

THE greenback weakened last week after market expected US tapering to be postponed to March next year.

Community

The US federal government gets back to business

THE US government manages to avert default by ending the shutdown.

Community

US Congress suspends world economy, anticipation runs high

THE deadline for raising debt ceiling is due this Oct 17 despite no positive outcome has been reached. The shutdown has risked the global economy to edge into recession as investors’ confidence may begin to wane.

Community

US government shuts down amid political standoff

THE political deadlock in US Congress forces its federal government to shut down for the first time in 17 years.

Community

Market lacklustre as US Congress begins new debate on debt limit

LAST week, the market was mainly lacklustre and traded in sideways consolidation. The US jobless claims dropped to 305,000 for the week ended Sept 21 while pending home sales declined by 1.6% on monthly basis.