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Business

Malaysia-Market factors to watch on Feb 14(Thursday)

KUALA LUMPUR: Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market.

World

Analysis - Kenyatta's bid for Kenya presidency a diplomatic headache

NAIROBI (Reuters) - East Africa's most powerful economy and a key regional ally in the U.S.-led war against militant Islam could next month elect a president accused of crimes against humanity, posing a diplomatic headache for Western capitals.

Business

Malaysia’s palm oil stockpiles fall on lower production

KUALA LUMPUR: Palm oil reserves in Malaysia, the world’s second largest producer, declined in January for the first time since June, as output fell and shipments decreased less than expected.

Business

Russian firm to pay Venezuela US$1.1bil in joint oil venture

CARACAS: Russian oil giant Rosneft will pay Venezuela US$1.1 billion to take part in a joint oil-extraction venture in the crude-rich southeast, Energy Minister Rafael Ramirez announced Wednesday.

Business

US explorer to seek strategic alternatives for its offshore O&G production assets in M'sia and China

NEW YORK: Newfield Exploration Co said on Wednesday it will seek strategic alternatives for its international offshore oil and gas production assets in Malaysia and China to focus on its U.S. assets.

Business

CNOOC-Nexen deal wins U.S. approval, its last hurdle

WASHINGTON/CALGARY: U.S. regulators have approved the US$15.1 billion takeover of Canadian oil and gas company Nexen Inc by China's state-owned CNOOC Ltd , removing the final obstacle to the Asian country's largest-ever foreign takeover.

Business

Malaysia-Market factors to watch on Feb 13(Wednesday)

KUALA LUMPUR: Following is a list of events in Malaysia as well as news company-related andmarket news which could have an influence on the Malaysian market.

Business

US Fed taking ‘forceful action’

WASHINGTON: The Federal Reserve’s aggressive easing of monetary policy is warranted, given the still-battered state of the US labour market, Fed vice-chairwoman Janet Yellen said.

Business

Citi could release reserves in Citi Holdings unit soon

NEW YORK: Citigroup Inc plans to dip into funds that it set aside against bad mortgages in its Citi Holdings unit "sooner rather than later," Chief Financial Officer John Gerspach said, in a move that should reduce the unit's drag on profits.

Business

Sri Lanka not taking new IMF loan

COLOMBO: Sri Lanka has decided not to pursue a new loan from the International Monetary Fund (IMF) after the global lender indicated the government had made considerable progress in stabilising its finances, the central bank said.