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KUALA LUMPUR: Fund buying of Maxis and Petronas Gas underpinned the FBM KLCI's late surge on Wednesday amid a weaker broader market while crude oil prices marched towards the key US$50 a barrel.
SINGAPORE/LONDON: The Singapore Exchange (SGX) is in exclusive talks with the London's Baltic Exchange about buying the centuries-old shipping industry hub, sources said on Wednesday.
ASTANA (Kazakhstan): Reach Energy Bhd aims to conclude its acquisition of onshore oil and gas (O and G)-producing fields in Kazakhstan by year-end.
LONDON: Oil rose towards $50 a barrel on Wednesday for the first time in seven months, driven by expectations that shrinking supply will help erode any overhang of unwanted crude, particularly after industry data showed a sharp fall in U.S. inventories.
KUALA LUMPUR: PublicInvest Research is maintaining its Outperform call on glove maker Kossan as it continues to remain positive about its prospects, but with a lower target price of RM8.50 from the previous RM9.70 due to the earnings revisions.
New York: Oil rose about 1% on Tuesday on a boost from Wall Street and expectations of a drawdown in US crude inventories, then prices jumped another 1% after settlement to nearly US$50 a barrel after an industry group suggested the draw was larger than expected.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has clarified that it has not been and is not in any discussions with any Russian party over the purported sale of specific assets and stakes.
THE HAGUE: Investor discontent with Royal Dutch Shell over multi-million euro pay packages for its top executives rose sharply at this year’s annual shareholder meeting on Tuesday.