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NEW YORK: Iron ore futures surged more than 10% and copper jumped to a record amid increasing bets they’ll be among the biggest winners from a commodities boom that’s stoking concerns about inflation around the world.
KUALA LUMPUR: The Ministry of Finance (MoF) confirmed yesterday legal representatives of 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd had filed a total of 22 civil suits to recover RM96.6bil (US$23bil).
NEW YORK: A year into the red-hot bull run in industrial metals that’s lifted copper to record highs, investors are still piling in, staking billions of dollars that it won’t run out of steam any time soon.
THE degree to which bankers will be back in the office after the pandemic looks very different depending what side of the Atlantic you’re on.
Zafrul: The government will not rest until all those involved are made fully accountable for the wrongdoings caused to the country through their involvement in 1MDB and/or SRC.
(Bloomberg) -- Copper soared to an all-time high as optimism about a global rebound from the pandemic boosts commodities markets.
NEW YORK: The Dow Jones Industrial Average ended at a record high on Wednesday, driven higher by energy and other economically sensitive sectors, while the Nasdaq closed in red as megacap growth stocks slipped.
MAG, the parent company of Malaysia Airlines, expanding beyond pure-play aviation
SEOUL: South Korea’s inflation accelerated in April to the fastest pace since 2017 amid a broadening economic recovery, but the pickup is unlikely to stoke concerns over excessive price pressure as calendar effects helped buoy the gains.