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KUALA LUMPUR: Tenaga Nasional recorded a jump in its earnings in the third quarter ended May 31, 2016 boosted by the hot weather and high tariffs, says CIMB Equities Research but it expects the fourth quarter earnings to be weaker due to seasonally higher expenses.
LONDON: Further signs of stabilization in Britain's economy emerged Tuesday with the news that retail sales rose unexpectedly during June and a key survey of real estate professionals showed more optimism about house prices than at any time for two years.
SINGAPORE: A dramatic surge in coronavirus infections in Southeast Asia in recent days has increased doubts over a theory that warmer weather could stem the spread of the virus, health experts say
LONDON: Superdry Plc plunged after the UK apparel retailer said unseasonably hot weather would shave £10mil (US$13mil) off its 2019 profit.
KUALA LUMPUR: Malaysian crude palm oil futures edged higher on Monday as investors grew concerned over hot weather hurting the South American soy crop, whichcould potentially limit global supplies of edible oil.
KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Derivatives Exchange will likely be traded at RM2,800 to RM3,200 per tonne after July as the El Nino hot weather may result in a production shortfall in the second half of this year, said international palm oil expert Dorab Mistry.
KUALA LUMPUR: IOI Corp Bhd, the nation's No. 2 planter, says palm oil yields will fall by 5% due to a hot spell and that may push prices to RM3,000 in the near term if there is an uptick in overseas demand.