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Business 26 Jan 2017 | 3:44 AM

Oil prices rise on weakening dollar, but plentiful supplies cap gains

SINGAPORE: Oil prices rose on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market.

Corporate News 26 Jan 2017 | 3:20 AM

CIMB Research upgrades MPI to Buy, higher target price

KUALA LUMPUR: CIMB Equities Research has upgraded Malaysian Pacific Industries (MPI) the stock from Hold to Add with a higher RM9.70 target price due to the higher earnings growth, driven by a recovery in smartphone demand.

Business 26 Jan 2017 | 12:51 AM

Breakfast briefing: Thursday, January 26 (update)

Breakfast briefing: Thursday, January 26

Business 26 Jan 2017 | 12:09 AM

Oil edges down as traders weigh U.S. stock build, OPEC cuts

NEW YORK: Oil prices ended less than 1% lower on Wednesday after data showed a build in U.S. crude inventories, reinforcing the view that oil prices are range bound, buoyed by expected OPEC production cuts while pressured by U.S. output growth.

Business 26 Jan 2017 | 12:00 AM

Ichthys LNG dealt blow as major contractor pulls plug

July-September 2017 start-up likely to be delayed

Business 26 Jan 2017 | 12:00 AM

BHP lifts shale spending as oil gains lure drillers to add rigs

SYDNEY: BHP Billiton Ltd, the largest overseas investor in US shale, boosted spending on its onshore oil and gas division as rising prices lure drillers to add rigs and spur a deals spree.

Business 26 Jan 2017 | 12:00 AM

Bidvest can tap US$1b for deals outside S. Africa

JOHANNESBURG: Bidvest Group Ltd is seeking deals outside its South African home market and could borrow as much as US$1bil for acquisitions after it spun off its food-services unit last year, its chief executive officer said.

Business 26 Jan 2017 | 12:00 AM

Posco profit rebounds as steel prices soar on China stimulus

SEOUL: Posco, South Korea’s largest steelmaker, posted a jump in annual profits as the global industry bounced back after China boosted its economy and prices soared.

Business 26 Jan 2017 | 12:00 AM

Analysts upbeat about earnings outlook for Sasbadi

PETALING JAYA: Analysts are upbeat about the earnings outlook of Sasbadi Holdings Bhd, a publisher of print and digital educational materials.

Business 25 Jan 2017 | 2:54 PM

Dow hits 20,000 as post-election rally resumes

NEW YORK: The Dow Jones Industrial Average traded above 20,000 for the first time on Wednesday, resuming a rally that began in the wake of US President Donald Trump’s surprise election victory.