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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.
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.
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.
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.
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.
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.
Citigroup to pay US$11.5mil fines, compensation over errant stock ratings
NEW YORK: Citigroup Inc
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
S.Korean PE firm eyes stake in Caring Pharmacy
The country's fastest-growing pharmaceutical chain could strengthen its portfolio of shareholders.
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.
