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KUALA LUMPUR: Public Investment Bank Research reaffirmed its Outperform call on Wah Seong Corp Bhd as it expects the group’s performance to be boosted by higher oil price levels, coupled by its RM3.6bil orderbook.
KUALA LUMPUR: Malaysia's economy expanded at 4.5% in the fourth quarter of 2016, exceeding economists' survey of 4.4%, underpinned by the manufacturing and services sector, Bank Negara Malaysia (BNM) said.
SINGAPORE: Singapore bank DBS Group Holdings posted its lowest quarterly profit in two years as provisions for soured loans to the city-state's oil services industry surged, and it joined smaller rival OCBC in forecasting more pain for that sector.
KUALA LUMPUR: CIMB and Tenaga Nasional pushed the FBM KLCI into the red on Thursday while the ringgit weakened against the key currencies and crude palm oil (CPO) for third month delivery fell.
CARACAS (Reuters) - On a recent Sunday morning, several hundred Catholic worshippers were at Mass inside a hillside church of a poor Caracas neighbourhood when there was a sudden commotion at the back.
LONDON: Oil prices rose on Thursday after Opec sources said the group could extend its oil supply-reduction pact with non-members and might even apply deeper cuts if global crude inventories failed to drop to a targeted level.