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Furniture maker Poh Huat is a winner in US-China trade war
KUALA LUMPUR: Furniture maker Poh Huat Resources Holdings Bhd posted a higher net profit in the third quarter ended July 31, as revenue jumped on rising demand from buyers in the US.
Saudi switches crude grades, delays oil supplies to buyers in Asia
SINGAPORE (Reuters) - State oil giant Saudi Aramco has switched crude grades and pushed back crude and oil products deliveries to customers by days after the attacks on its supply hub severely reduced its light oil production and led to output cuts at its refineries.
Trading value surges to RM3.28b as KLCI snaps losing streak
KUALA LUMPUR: Bursa Malaysia witnessed a surge in trading volume and value on Friday, while late buying of Maybank enabled the FBM KLCI to snap its recent losing streak, but not enough to close above the key 1,600 level.
Weekly fuel prices: RON97 up 14 sen, RON95 and diesel unchanged
PETALING JAYA: The fuel prices of RON97 will increase by 14 sen per litre while RON95 and diesel will remain the same for the following week.
Iran's Zarif questions U.S. coalition for 'peaceful resolution' in Middle East
DUBAI (Reuters) - Iran's foreign minister on Friday questioned U.S. plans for a coalition for a "peaceful resolution" in the Middle East while listing repeated Iranian diplomatic initiatives.
South-east Asia at risk of faring worse in the next downturn
SINGAPORE: South-east Asia is more vulnerable to an economic downturn than it was during the global financial crisis one decade ago, according to analysts at global management consultancy Bain & Co.
Medicinal cannabis could bring in $6 billion a year for Colombia, government says
BOGOTA (Reuters) - Colombia could export $6 billion (£4.8 billion) a year in medicinal cannabis products, making marijuana its third-largest source of foreign exchange, the government said on Thursday, as investors called for simpler regulations for marijuana producers.
Miti: M’sia committed to working with the US for mutual benefits
KUALA LUMPUR: Malaysia is committed to continue working with global economies for mutual benefits, including with the United States (US) of which we have had over six decades of strong relationship in terms of trade and investment, said the Ministry of International Trade and Industry (Miti) in a statement.
Saudi attacks rattle shippers' plan to switch fuels
LONDON/NEW YORK (Reuters) - Refinery outages in Saudi Arabia following weekend attacks on its oil facilities could deal a blow to the shipping industry's preparations for the biggest switch in fuel standards in decades.
U.S. building coalition after Saudi oil attack, Iran warns against war
DUBAI (Reuters) - The United States said on Thursday it was building a coalition to deter Iranian threats following a weekend attack on Saudi Arabian oil facilities.