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Economy 13 Jul 2017 | 12:00 AM

Opec’s first 2018 outlook shows it’s still pumping too much oil

LONDON: Opec’s first assessment of world markets in 2018 showed that, despite cutting output, the group is still pumping too much crude.

Business 12 Jul 2017 | 3:42 PM

Opec sees lower demand for its oil in 2018, points to surplus

LONDON: Opec said on Wednesday its oil production jumped in June and forecast world demand for its crude will decline next year as rivals pump more, pointing to a market surplus in 2018 despite an Opec-led output cut.

Economy 12 Jul 2017 | 3:27 PM

Fed’s Yellen says rate and portfolio plans on track, cautions on inflation

WASHINGTON: The US economy is healthy enough for the Fed to move forward with plans to raise rates and begin winding down its massive bond portfolio, though low inflation and a low neutral rate may leave the central bank with diminished leeway, Fed chair Janet Yellen said on Wednesday.

Golf 12 Jul 2017 | 2:01 PM

Golf - Players strike bland message at Women's Open on Trump course

BEDMINSTER, New Jersey (Reuters) - Players stuck to an apolitical party line ahead of the U.S. Women's Open at Trump National on Tuesday, resisting comment on U.S. President Donald Trump, who alienated many with controversial remarks about women.

Nation 12 Jul 2017 | 1:40 PM

Form Six student injured, nearly killed by falling fan

IPOH: An 18-year-old Form Six student from SMK St Michael here was nearly killed when a ceiling fan fell and hit his face.

World 12 Jul 2017 | 11:22 AM

Rival's desire to leave cabinet may mean challenge for Japan's Abe - media

TOKYO (Reuters) - Japanese Foreign Minister Fumio Kishida wants to leave his post in Prime Minister Shinzo Abe's cabinet reshuffle next month, domestic media said on Wednesday, a sign he may be planning to challenge the increasingly unpopular leader for the top job.

Forex 12 Jul 2017 | 6:54 AM

Asian currencies push higher as Trump woes weigh on dollar

BENGALURU: Most Asian currencies were higher on Wednesday against the dollar, which was hit by new suggestions of Russian influence in the 2016 U.S. presidential election and amid wider caution ahead of Federal Reserve chair Janet Yellen's semi-annual congressional address.

Cricket 12 Jul 2017 | 4:16 AM

Cricket - Shastri named India's head coach till 2019 World Cup

MUMBAI (Reuters) - Former all-rounder Ravi Shastri has been handed the job of India's head coach until the 2019 World Cup, a year after the 55-year-old was left disappointed at being pipped to the post by Anil Kumble.

Nation 12 Jul 2017 | 2:48 AM

Hospital Universiti Sains Malaysia ceiling collapses, no one hurt

KOTA BARU: The ceiling of the paediatric and cancer wards of Hospital Universiti Sains Malaysia (HUSM) collapsed on Tuesday but no one was injured by the falling debris.

Community 12 Jul 2017 | 12:00 AM

No expense spared to maintain MBJB’s trees

JOHOR BARU: The Johor Baru City Council (MBJB) spends millions of ringgit every year to maintain about 450,000 trees in areas under its jurisdiction.