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Business

Malaysian palm oil/Vegoils: Market factors to watch Thursday June 9

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday June 9.

Business

Rising oil price results in rising interest in Malaysian oil and gas counters

PETALING JAYA : Rising price of crude oil, which had pierced the psychologically key US$50 per barrel level for the first time this year, is buoying investors’ sentiment in the stock market.

Business

Steady outlook seen for Malaysia's construction sector

PETALING JAYA: KAF-Seagroatt & Campbell Securities (KAFSC) expects a steady outlook for the local construction sector, driven by heightened rollout of domestic infrastructure projects.

Business

Oil rally excites investors

HOUSTON: Oil closed above US$50 a barrel in New York for the first time in 10 months and US production has fallen to the lowest in almost two years. Time to drill, baby, drill?

Rugby

Triathlete Gomez Noya wins prestigious Spanish award

MADRID (Reuters) - Spain's world and European triathlon champion Javier Gomez Noya has won his country's most prestigious sports award, the Princess of Asturias prize, for his "brilliant achievements".

Business

Wall Street moves higher as oil rally continues

NEW YORK: US stocks rose on Wednesday, with the S&P inching closer to its record high, as oil prices increased again and chances of an interest rate hike in the near term faded.

Business

KLCI snaps 2 day winning streak as Maybank weighs

KUALA LUMPUR: Blue chips closed lower on Wednesday, snapping a two-day rally as investors decided to lock in gains, while Maybank weighed the most on the FBM KLCI, as local institutions and local retailers continued to take profit.

World

U.N. chief faced funding cut-off, fatwa risk over Saudis - sources

UNITED NATIONS (Reuters) - Muslim allies of Saudi Arabia piled pressure on U.N. chief Ban Ki-moon over the blacklisting of a Saudi-led coalition for killing children in Yemen, with Riyadh threatening to cut Palestinian aid and funds to other U.N. programs, diplomatic sources said on Tuesday.

Business

Maybank, Axiata slip on profit taking, drag KLCI into red

KUALA LUMPUR: Profit taking on key stocks Maybank and Axiata dragged the FBM KLCI into the red at midday on Wednesday, snapping the two days of gains despite the advance in crude oil prices beyond US$50 a barrel.

World

Venezuela security forces block new anti-Maduro protest

CARACAS (Reuters) - Venezuelan security forces used tear gas to block hundreds of opposition protesters on Tuesday in the latest rally to demand a recall referendum to oust socialist President Nicolas Maduro.