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SPPOMA data, strong soybean price boon for CPO
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher yesterday, driven by lower September output from the Southern Peninsula Palm Oil Millers’ Association (SPPOMA).
Stanley Thai acquitted by High Court
KUALA LUMPUR: The High Court here has acquitted former Supermax Corp Bhd managing director Datuk Seri Stanley Thai for insider trading in relation to APL Industries Bhd (APLI) shares.
Insight - No panic for sterling traders as Brexit fatigue sets in
BRITAIN may be heading for a no-deal Brexit in three months, but for traders in London, the feeling so far is one of deja vu rather than a panicky rush to dump UK assets.
Asian LNG prices rise on winter demand expectations
LONDON: Asian spot liquefied natural gas (LNG) prices edged up this week amid spot buying in the region and a possibility of higher consumption in winter due to cold weather.
Wall Street closes up on tech rally
NEW YORK: Wall Street rallied in a rocky session on Thursday as beaten-down technology shares gained favor after data showing a surge in the sale of new homes revived faith in the economic recovery even as U.S. jobless claims rose unexpectedly
Palm slips over 1% on weaker Dalian prices, Europe lockdown fears
KUALA LUMPUR: Malaysian palm oil futures fell more than 1% on Tuesday, tracking a sharp drop in Dalian oil prices, while fears of new restrictions in Europe to contain a spike in COVID-19 cases also hit sentiment.
GLOBAL MARKETS-Stocks end up, US$ rises on hawkish comments
NEW YORK: The U.S. dollar continued to rise on Tuesday after hawkish remarks from a Federal Reserve speaker, while stocks ended higher with a boost from Amazon even as curbs to control the spread of COVID-19 raised the fear of a second wave of lockdowns.
Corporate debt frenzy rolls on as market worries loom
NEW YORK: Investors are gearing up for the year’s record-breaking pace of corporate bond issuance to continue in the coming week, even after the US Federal Reserve rattled nerves at its September meeting with a gloomier-than-expected economic outlook.
CPO to extend gains on higher demand
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to continue a positive momentum next week driven by expectations of higher demand.
Oil giants plan for a future with less crude
Companies brace for energy of the future – hydrogen
