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Chinese officials on Tuesday reported a 27.1 per cent year-on-year growth for exports and imports in the first half of 2021 following 13 consecutive months of growth, shrugging off mounting pressure from a set of challenges, including surging raw material prices, resurgence of Covid-19 in China's major export hubs and other external hurdles.
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar despite the firmer crude oil price, as global concerns on the rising COVID-19 cases continue to trigger some safe-haven flows into the greenback.
KUALA LUMPUR: Malaysian palm oil reversed early gains to end lower on Monday, snapping a three-day rally, as crude oil prices fell but better than expected July 1-10 exports capped losses.
SINCE the implementation of the full movement control order under phase 1 of the National Recovery Plan starting June, there have been growing calls for the government to dish out more stimulus through direct fiscal injection to shelter the economy, households and businesses from the ravaging impact of the Covid-19 pandemic.
KUALA LUMPUR (Reuters) - Malaysian palm oil reversed early gains to end lower on Monday, snapping a three-day rally, as crude oil prices fell but better than expected July 1-10 exports capped losses.
Crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled.
KUALA LUMPUR: The FBM KLCI failed to hold on to its gains generated in early trade as investors’ sentiment stayed cautious amid concerns over the ongoing political developments and economic situation.
LONDON: Leading international energy companies are resisting the temptation to rush and spend an unexpected windfall from rallying oil and natural gas prices as they focus on longer-term energy transition challenges, executives and analysts said.
KUALA LUMPUR: The industrial production index (IPI) rose 26% in May from a year ago, underpinned by the manufacturing sector and after a low base, the Statistics Department data showed on Monday.