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KUALA LUMPUR: The benchmark FBM KLCI is expected to trade higher next week, building on the stronger performance in the equities market, after bouncing off the critical level last week, said an analyst.
DUBAI: Saudi oil producer Aramco has agreed a $12.4 billion deal to sell a 49% stake in its pipelines to a consortium led by U.S.-based EIG Global Energy Partners.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives may see volatile trading next week, ahead of the release of production, stocks and exports data.
NEW YORK: Oil prices settled lower on Friday and fell around 2% this week as production increases and renewed COVID-19 lockdowns in some countries offset optimism about a recovery in fuel demand
NEW YORK: The S&P 500 and the Dow notched record closing highs on Friday after solid U.S. inflation data and an uptick in Treasury yields suggested the economic recovery from the pandemic-related recession was gaining momentum.
It was overall a good week in Malaysian equities although the bourse was a late joiner to the global optimism.
I WAS on my usual weekend hawker rounds in PJ last week, when an elegant lady approached me. I am so glad to see you at places where ordinary people gather – check out the prices: everything is up; not just among hawkers but also in wet markets, among fish-mongers & chicken sellers, as well as in supermarkets and street vendors.
LATE last month, the Biden administration unveiled a US$2 trillion (RM8.28 trillion) infrastructure programme that aims to modernise American infrastructure. The American Jobs Plan has four major spending components over eight to 10 years.