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HONG KONG (AFP): Asian markets rose early Thursday (Jan 16) as details were released of the China-US trade deal signed in Washington, with analysts saying it would allow investors to turn their focus to the global outlook and earnings season.
Singapore: Oil traded near a six-week low after a report indicated American crude stockpiles increased, while signs that trade tensions between the United States and China haven’t gone away damped investor sentiment.
MUMBAI: Indian palm oil importers have effectively stopped all purchases from Malaysia after the government privately warned them to shun the product from the country following a diplomatic spat, industry and government sources said.
NEW YORK: A dramatic US drone strike killed Iran’s most important general. Tehran vowed retribution and oil prices jumped almost 5% as traders rushed to cover the risk of a Middle East war. Then the selling started.
GEORGE TOWN: Semiconductor automated test equipment maker Pentamaster Corp Bhd is diversifying into the production of automated production systems used in the electric vehicle (EV) and logistics industries to offset the declining contribution from the smartphone segment.
HISTORY has shown that the world learns only after they have pulled the triggers or set off the bombs.
HOUSTON: Oil fell below $65 a barrel on Friday in its first weekly loss since late November, erasing the week's risk premium added since a U.S. drone strike killed a top Iranian general as investors focused on rising U.S. inventories and other signs of ample supply.
The dollar appreciated 0.63% to 97.45 largely driven by resilient economic data which includes December’s The Institute of Supply Management (ISM) non-manufacturing purchasing managers’ index (PMI) coming in better than expected, accelerating to a four-month high of 55.0 from 53.9 in November (cons: 54.5) supported by higher production and inventories, and rising optimism over a potential trade resolution.
SINGAPORE (Bloomberg) -- Oil headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the US and Iran abated, allaying fears of disruption to Middle East energy supplies.
NEW YORK: Oil futures fell more than 4% on Wednesday in a wild swing, soaring close to a four-month high in early trade on an Iranian rocket attack on U.S. forces in Iraq before retreating as the countries quickly ratcheted back tensions.