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Business 26 Dec 2017 | 9:25 AM

Oil holds gains above US$58 as US drillers pause rig expansion

SEOUL: Oil held gains above $58 a barrel as trading resumed following the Christmas holiday and after U.S. explorers refrained from adding rigs for a second week.

Business 26 Dec 2017 | 1:00 PM

Keppel bribery fine puts spotlight on peer Sembcorp, shares slide

SINGAPORE: Singapore oil rig builder Keppel Corp’s agreement to pay a US$422mil (RM1.72bil) fine to resolve charges that it bribed Brazilian officials, including people at state-owned oil company Petrobras, sent its shares tumbling and also triggered a decline in the stock price of smaller rival Sembcorp Marine on Tuesday.

Markets 26 Dec 2017 | 10:40 PM

Wall Street slips on tech sector weakness

NEW YORK: U.S. stocks declined on Tuesday as Apple and shares of its parts suppliers weakened on a report of soft iPhone X demand, which pulled technology shares lower.

Plantations 26 Dec 2017 | 10:56 PM

Malaysian palm oil price jumps 2% on stronger export demand

KUALA LUMPUR: Malaysian palm oil futures rose 2 percent on Tuesday, a second consecutive session of gains on stronger export demand and expectations of weaker production.

Business 27 Dec 2017 | 12:00 AM

Fund drops CIO as CEO pick, highlighting succession woes

NEW YORK: Dan Och’s note to clients two days before Christmas, telling them that star trader Jimmy Levin wasn’t going to get the top job at Och-Ziff Capital Management Group after all, shows how tough succession can be at hedge funds.

Business 27 Dec 2017 | 12:00 AM

Crude oil holds gains above US$58 per barrel

SEOUL: Oil held gains above US$58 a barrel as trading resumed following the Christmas holiday and after US explorers refrained from adding rigs for a second week.

Corporate News 28 Dec 2017 | 10:47 PM

Citigroup to pay US$11.5mil fines, compensation over errant stock ratings

NEW YORK: Citigroup Inc will pay at least $11.5 million in fines and restitution to settle charges it displayed the wrong research ratings on more than 1,800 stocks, causing many customers to own shares they never would have bought, a U.S. regulator said on Thursday.

Markets 29 Dec 2017 | 12:00 AM

Oil rallies on Libyan pipeline blast

SEOUL: Oil traded above US$59 a barrel as crude production in Libya fell below one million barrels a day after a pipeline explosion on Tuesday

Corporate News 29 Dec 2017 | 12:27 AM Premium

S.Korean PE firm eyes stake in Caring Pharmacy

The country's fastest-growing pharmaceutical chain could strengthen its portfolio of shareholders.

Economy 29 Dec 2017 | 3:01 AM

Singapore braces for taxes, central bank tightening, trade talks

SINGAPORE: Singapore is bracing for possible tax increases and monetary policy tightening in 2018 against a backdrop of steady economic growth and benign inflation.

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