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KUALA LUMPUR:Malaysian palm oil futures slid on Tuesday, logging a fourth consecutive session of declines, as lacklustre export data and softer soyoil prices kept a lid on sentiment.
NEW YORK: Global equity markets traded mostly flat on Monday as investors awaited US-China trade talks the end of this week at the G20 summit, and the dollar fell to three-month lows on bets the Federal Reserve may cut interest rates more than once this year.
SINGAPORE: Gold is finally gaining the traction needed to boost prices to a level not seen since 2013 as concern mounts over increased trade war tensions and the global growth outlook.
NEW YORK: The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year.
KUALA LUMPUR: Fund buying of Petronas-linked stocks following a slight rebound in oil prices and Genting Bhd enabled the FBM KLCI to close above the critical 1,700 level on Friday while key Asian markets ended on a firmer note.
KUALA LUMPUR: It looks like it’s going to be a promising year for palm oil imports in China, the world’s biggest agricultural market.
WASHINGTON (Reuters) - U.S. President Donald Trump has backed plans to request $750 billion (£589.4 billion) from Congress for defence spending next year, a U.S. official said on Sunday, signalling a Pentagon spending hike at a time of potential belt-tightening elsewhere in the government.
NEW YORK: General Electric Co will sell assets with "urgency" to reduce its high debt, Chief Executive Officer Larry Culp said on Monday, as GE shares tumbled as much as 10 percent and the cost of insuring its debt hit a six-year high.