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Markets 20 Dec 2018 | 11:09 PM

Oil prices tumble to lowest in more than a year as equities sell off

NEW YORK: Oil prices fell about 5 percent on Thursday, hitting their lowest level in more than a year on worries about oversupply and the outlook for energy demand as a U.S. interest rate rise knocked stock markets.

Markets 20 Dec 2018 | 11:01 PM

Malaysian palm oil price edges down over 1% on weaker soyoil

KUALA LUMPUR: Malaysian palm oil futures dropped from an eight-week high on Thursday, falling as much as 1.4 percent in the second half of trade, weighed down by weaker soyoil on the U.S. Chicago Board of Trade (CBOT) and profit taking.

World 20 Dec 2018 | 10:11 PM

Highlights - Russian President Putin's end-of-year news conference

MOSCOW (Reuters) - The following are highlights from Russian President Vladimir Putin's annual end-of-year news conference on Thursday.

World 20 Dec 2018 | 3:03 PM

SpaceX to try again to launch U.S. satellite in first national security mission

(Reuters) - Billionaire Elon Musk's SpaceX Falcon 9 rocket is scheduled to blast off on Thursday after two cancelled launches earlier this week due to last-minute technical problems, but poor weather is looming as a potential problem.

World 20 Dec 2018 | 11:36 AM

Japan to withdraw from International Whaling Commission - Kyodo News

(Reuters) - Japan will withdraw from the International Whaling Commission (IWC) in a bid to resume commercial whaling, Kyodo News reported on Thursday, citing government sources.

Nation 20 Dec 2018 | 10:26 AM

High Court reinstates RM10mil fine imposed on MAS and AirAsia

KUALA LUMPUR: The High Court on Thursday (Dec 20) reinstated the decision of the Malaysia Competition Commission (MyCC), which imposed a fine of RM10 million each on Malaysia Airlines (MAS) and AirAsia Bhd for breach of market-sharing prohibition under the Competition Act 2010.

Corporate News 20 Dec 2018 | 7:50 AM

Noble Group completes US$3.5b revamp to emerge as smaller, unlisted firm

SINGAPORE: Noble Group, the once mighty commodity trader, on Thursday completed its drawn out $3.5 billion debt restructuring to emerge as a smaller, unlisted Asia-focused coal-trading business.

TECH 20 Dec 2018 | 7:42 AM

Facebook sued over Cambridge Analytica data scandal

Facebook Inc was sued by the District of Columbia over a privacy breach in which personal information of millions of Americans was transferred by an app developer to Cambridge Analytica, a political consulting firm that worked for president Donald Trump’s 2016 campaign.

Corporate News 20 Dec 2018 | 7:35 AM

Global IPO proceeds up in 2018 with US$204.8b raised: EY

KUALA LUMPUR: Global initial public offers (IPO) proceeds rose in 2018, supported by investor confidence, large pools of liquidity, strong valuations and low interest rates, according to Ernst & Young.

World 20 Dec 2018 | 6:33 AM

In response to Trump, Britain says Islamic State remains a threat

LONDON (Reuters) - Britain said on Wednesday that Islamic State remained a threat even though it held no territory, commenting after U.S. President Donald Trump said the militant group had been defeated in Syria.