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Malaysian palm oil price reverses losses to see slight gains ahead of data

KUALA LUMPUR: Malaysian palm oil futures were slightly higher on Friday evening, reversing losses from earlier in the day due to low demand, pending the release of data and ahead of a long weekend.

Oil price settles slightly higher but posts weekly decline

NEW YORK: Oil prices closed up on Friday on growing hope that OPEC might agree to extend production cuts long enough to reduce a global crude glut, but crude prices still posted a weekly decline.

US first quarter growth weakest in three years as consumer spending falters

WASHINGTON: The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge in business investment and wage growth suggested activity would regain momentum as the year progresses.

My way or the highway

Investors choose the highway as they chase up stocks like WCE and MWE

Exciting times for Xin Hwa

Company has high hopes for e-commerce, its new venture

CIMB sees better times ahead after clearing provision burden

CIMB Group Holdings Bhd, which had just undertaken one of its biggest provisions in recent history, is upbeat on its future.

Premier Nalfin to delist by mid-May if no core business

CEO says money will be returned to shareholders if delisted

Jobless rate at 7-year high in Singapore

SINGAPORE: Singapore’s overall jobless rate hit a seven-year high in the first quarter, while employment saw the biggest fall in nearly 14 years, underscoring weakness in sectors of the city-state’s domestic economy.

Group says Longines and Tudor watches are not ‘fine’

ZURICH: Some Swiss watch fans eager to wear the work of a fine maker may have to upgrade after the country’s Fondation de la Haute Horlogerie categorised the industry for the first time, clarifying which brands are in and out of the exclusive club.

Virtual money scheme offering 24% returns

PENANG: A company that describes itself as a social networking services provider (SNS) is offering returns of up to 24% per annum with virtual trading of coins.