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THE emerging markets (EMs) may face a tough situation ahead, as the United States Federal Reserve (Fed) speeds up its time frame for hiking interest rates, and indicates the start of talks to scale back its massive bond buying.
LONDON (Reuters) - The price gap between the world's two most actively traded oil contracts narrowed to its lowest in more than seven months, demonstrating that U.S. oil output is still in the COVID-19 doldrums with the market likely to remain undersupplied.
PETALING JAYA: After undergoing numerous movement restrictions, advertising, media and communication agencies are more prepared to take on the challenges posed by the current lockdown.
SINGAPORE: Malaysian palm oil futures reversed earlier gains to fall 1% on Thursday, as top buyer India put its import tax cut plans on hold, although a weaker ringgit limited further losses.
SINGAPORE (Reuters) - Malaysian palm oil futures reversed earlier gains to fall 1% on Thursday, as top buyer India put its import tax cut plans on hold, although a weaker ringgit limited further losses.
NEW YORK: Oil prices rose for a fifth day on Wednesday, closing in on US$75 a barrel as U.S. refiners drew more crude inventories to ramp up activity and meet recovering demand.
PETALING JAYA: Economists have projected Malaysia’s gross domestic product (GDP) to grow around 4% in 2021 following the announcement of the National Recovery Plan (NRP).
KUALA LUMPUR: AmInvest launched its Sukuk fund - AmIncome Sofwah -- on Wednesday which will invest in local Sukuk and Islamic money market instruments.
NEW YORK: US refiners may be jumping the gun in ramping up production of gasoline for the summer driving season.