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KUALA LUMPUR: Malaysia is considering selling stakes in energy giant Petronas to provinces where the company's oil and gas fields are, Prime Minister Mahathir Mohamad told Reuters on Tuesday, in a bid to raise funds for the debt-laden government.
SINGAPORE: Gold’s impressive advance in 2019 -- aided by trade war frictions, easier monetary policy across the world’s leading economies and sustained central-bank buying -- may be set to spill into the new decade.
BEIJING/SHANGHAI: Auto sales in China fell for a 17th consecutive month in November, with the number of new energy vehicles (NEVs) sold contracting for a fifth month in a row, data from the country's biggest auto industry association showed on Tuesday.
KUALA LUMPUR: Bursa Malaysia and Asian markets started on a shaky footing on Tuesday after the overnight decline on Wall Street ahead of the US tariff deadline.
PETALING JAYA: There seems to be some repositioning of foreign funds in the Malaysian capital market.
DUBAI: When shares of Saudi Arabia’s national oil company begin trading tomorrow after the world’s largest initial public offering (IPO), the stars will be aligned to ensure that the stock price holds up.
NEW YORK: Goldman Sachs Group Inc said investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal.
PETALING JAYA: Petroliam Nasional Bhd’s (Petronas) has raised some RM6bil after cutting its stakes in MISC Bhd, Petronas Dagangan Bhd (PetDag) and Petronas Gas Bhd (PetGas).
KUALA LUMPUR: Petroliam Nasional Bhd has disposed of some stakes in three of its related companies to Malaysia institutional funds.
SINGAPORE: Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members.