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Business 30 May 2017 | 12:00 AM

SPR sukuk gets preliminary AA3/stable rating

KUALA LUMPUR: RAM Ratings has assigned a preliminary rating of AA3/stable to SPR Energy (M) Sdn Bhd’s proposed RM580mil senior sukuk Ijarah.

Business 16 Feb 2007 | 12:00 AM

Single price will eventually lower sales charges for unit trusts

The single-pricing regime (SPR) for unit trusts will in the long run pressure fund houses to reduce sales charges and see unit trust consultants playing a more active and advisory role in their clients' future investments.

Business 08 Mar 2011 | 12:00 AM

Oil price will fall only slightly if US releases reserves

PETALING JAYA: The prices of crude oil will only drop slightly should the United States decide to release part of the country's 727 million barrels under its Strategic Petroleum Reserve (SPR) to support the still fragile economic recovery.

Business 16 Feb 2007 | 12:00 AM

Industry players: No need for further delay

The deferment of the implementation of single-pricing regime (SPR) for unit trusts to July 1, from April 1, is reasonable and should not be delayed further, according to industry players.

Business 28 Nov 2014 | 12:00 AM

China ramps up crude oil buying

BEIJING: China is estimated to be holding double the amount of crude in its strategic reserves than its official plan has revealed, as the world’s top energy consumer takes advantage of a dive in prices to strengthen its position in the global oil market.

Business 23 May 2017 | 8:00 PM

Trump budget proposes deep cut to US oil stockpile

NEW YORK: President Donald Trump’s budget released Tuesday proposed radically downsizing the US Strategic Petroleum Reserve, arguing that America’s shale boom has lessened the need for an emergency stockpile.

Business 13 Mar 2004 | 12:00 AM

Taiwan coffee chains tempting China tea drinkers

There's a change brewing in China. In a country steeped in millennia-old traditions of drinking tea, the younger generation in fast-developing coastal provinces is switching to coffee as part of the drive to embrace Western tastes.

Business 15 Mar 2012 | 12:00 AM

Obama, Cameron discussed tapping oil reserves

WASHINGTON (Reuters) - Barack Obama and David Cameron discussed the possibility of releasing emergency oil reserves during a meeting on Wednesday, two sources familiar with the talks said, the first sign that Obama is starting to test global support for an effort to knock back near-record fuel prices.

Business 16 Sep 2011 | 12:00 AM

Oil releases a gamechanger, despite price bounce

NEW YORK, Sept 16 (Reuters) It might not sound like much of a victory. The United States and other oil consuming countries release emergency stocks of oil to put a lid on prices. The result: oil prices in London rise by $1 since the program began, three months ago.