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Corporate News 25 May 2016 | 10:45 AM

Late buying of Maxis, PetGas nudges KLCI up 5 points

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.

Corporate News 25 May 2016 | 9:53 AM

Singapore bourse in exclusive talks to buy London's Baltic Exchange

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.

Corporate News 25 May 2016 | 9:51 AM

Reach Energy aims to conclude Kazakhstan O & G deal by year-end

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.

Corporate News 25 May 2016 | 9:45 AM

Oil nudges $50 a barrel as investors bet on shrinking overhang

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.

Corporate News 25 May 2016 | 2:02 AM

KLCI bounces off early lows, Petronas Gas leads

KUALA LUMPUR: Blue chips pared their early losses on Wednesday to rebound, with the FBM KLCI gaining nearly three points, underpinned by gains in Petronas Gas as crude oil prices climbed.

Corporate News 25 May 2016 | 1:21 AM

PublicInvest Research retains Outperform for Kossan

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.

Business 25 May 2016 | 1:12 AM

Oil jumps to near US$50 after API reports big US stockpile draw

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.

Corporate News 25 May 2016 | 12:30 AM

Petronas clarifies reports on sale of assets and stake

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.

Business 24 May 2016 | 4:34 PM

Shell faces rising investor discontent over executive pay

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.

Corporate News 24 May 2016 | 2:22 PM

Genting’s earnings slashed by 79% in Q1

KUALA LUMPUR: Genting Bhd posted lower earnings of RM130.83mil for the first quarter ended March 31 compared with RM620.06mil a year ago.