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