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NEW YORK: Oil prices jumped as much as 3 percent on Monday, with Brent hitting a one-year high, after Russia said it was ready to join OPEC in curbing crude output and Algeria called for similar commitments from other non-OPEC producers.
KUALA LUMPUR: Bina Puri Holdings Bhd and CCCC Dredging (Group) Co Ltd will form a consortium to build the Kuantan Waterfront Resort City with a gross development value (GDV) of RM15bil over the next 10 years.
KUALA LUMPUR: Blue chips closed flat on Wednesday, with Sime Darby, CIMB Group and Public Bank weighing on the FBM KLCI but gains by Axiata Group and Malayan Banking Bhd helped shore up the index.
STOCKHOLM: UK-born Oliver Hart and Finland-born Bengt Holmstrom won the 2016 Nobel Economics Prize for “their contributions to contract theory”, the Royal Swedish Academy of Sciences said on Monday.
WASHINGTON: Japan’s central bank still has room to increase monetary stimulus and doesn’t intend to reduce its bond-buying programme soon, governor Haruhiko Kuroda said in an interview.
BRASILIA: The initial approval of a public spending cap is a step in the right direction, but it will still take years and other tough reforms for Brazil to regain its coveted investment-grade rating, a senior analyst with S&P Global Ratings told Reuters.