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Business 25 Jun 2019 | 10:45 PM

Malaysia palm oil price tumbles on lacklustre export data

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.

Business 25 Jun 2019 | 12:15 AM

Stocks mostly flat ahead of G20; dollar slips

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.

Business 24 Jun 2019 | 1:21 AM

Asian stocks subdued

TOKYO: Asian shares were off to a cautious start on Monday as investors pinned their hopes on any signs of a thaw in Sino-U.S. trade negotiations while oil prices firmed on worries over heightened tensions between the United States and Iran.

Business 10 Jun 2019 | 7:23 AM

Gold looks headed toward six-year high as global markets outlook dims

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.

Economy 28 Jan 2019 | 6:09 AM

US Treasury set to borrow US$1 trillion for a second year to finance deficit

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.

Markets 25 Jan 2019 | 9:39 AM

Petronas stocks, Genting nudge KLCI over 1,700 level

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.

Plantations 25 Jan 2019 | 6:04 AM

Bumper year ahead for palm oil imports in China

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.

World 10 Dec 2018 | 8:20 AM

Trump backs $750 billion defence budget request to Congress - official

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.

Corporate News 12 Nov 2018 | 10:45 PM

General Electric seeks urgent asset sales as bond fears rise

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.

Corporate News 22 Oct 2018 | 12:00 AM

Coal rally a headache for Malaysia power firms

Price of the commodity has increased while ringgit has weakened