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Business

Sapura Energy expected to turn around in financial year 2020

TYPICALLY, most oil and gas (O&G) companies should be generating profits with the crude oil prices currently trading at a high of US$80 per barrel.

Markets

Asian shares wobble as China halts trade talks with U.S.; oil rallies

SYDNEY: Asia shares eased in holiday-thinned trading on Monday and the safe haven yen gained as China canceled upcoming tariff talks with the United States, while oil prices jumped after top producers including Russia ruled out boosting crude output.

Corporate News

Yen climbs as China halts trade talks with U.S.; oil rallies

SYDNEY: The safe haven yen gained on Monday in holiday-thinned trading as China cancelled upcoming tariff talks with the United States, ratcheting up tensions while oil prices jumped after top producers including Russia ruled out boosting crude output.

Cryptocurrency

Citigroup planning crypto trading by issuing receipts

NEW YORK: Citigroup Inc. has developed a new mechanism for investing in cryptocurrencies such as Bitcoin, according to a person with knowledge of the plans.

Stock on the Move

Reach Energy shoots higher

KUALA LUMPUR: Shares in Reach Energy Bhd are shooting higher in heavy trade after the company posted its first quarterly net profit since it took over full control of an oil ands gas field in Kazakhstan more than a year ago.

Business

Unlocking the code of your financial freedom

Money & you by Yap Ming Hui
WHEN you ask people what financial freedom is, chances are that you will get different answers from different people.

Corporate News

Canada defiant after Saudi Arabia freezes new trade over human rights call

RIYADH/OTTAWA: Canada on Monday refused to back down in its defence of human rights after Saudi Arabia froze new trade and investment and expelled the Canadian ambassador in retaliation for Ottawa's call to free arrested Saudi civil society activists

Markets

Global stocks end 4th week of gains on sour note as investors jeer earnings

NEW YORK: World shares fell on Friday as corporate results and economic data failed to wow investors, leaving them to stew over trade tariffs and central bank policies.

Economy

S-E Asia growth affected, uncertainty abounds in Malaysia

SINGAPORE: For South-East Asia’s biggest economies, 2018 wasn’t supposed to be like this.

Stock on the Move

Mycron shares jump 27.6% in early trade

KUALA LUMPUR: Shares in Mycron Steel Bhd, which has been on a general uptrend since mid June, rose 27.6% in early trade.