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Business

US$ softening boosts global markets, equities, commodities

NEW YORK: Global equity markets rose on Thursday as diminished expectations of U.S. interest rate hikes this year pushed the dollar lower, which in turned boosted the prices of many commodities

Business

Asian markets in party mood, bumper year for stocks and commodities

SYDNEY: Asian markets were ending 2017 in a party mood on Friday after a year in which a concerted pick-up in global growth boosted corporate profits and commodity prices, while benign inflation kept central banks from taking away the punch bowl.

Business

Malaysian palm oil price edges lower on upbeat Oct production outlook

KUALA LUMPUR: Malaysian palm oil futures hit their highest in three days on Tuesday before falling in the evening on declines in global markets and expectations of rising October production.

Business

Oil price steadies but outlook for demand grows gloomy

NEW YORK: Oil rose slightly as global markets steadied on Thursday, recovering some of the previous day's 2 percent slide, though a weakening outlook for crude demand kept prices in check.

Business

Malaysian palm oil/Vegoils: Market factors to watch Friday March 8

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday March 8.

Business

Oil prices surge on hopes of successful US-China trade talks(Update 2)

SINGAPORE: Oil prices rose on Wednesday, extending gains from the previous session on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown

Business

Malaysian Palm oil snaps 3-day losing streak, November output in focus

KUALA LUMPUR: Malaysian palm oil futures edged up on Monday to snap a three-day losing streak, although lacklustre export demand and investor uncertainty about November crude palm oil output in the world's biggest growers capped the gain.

Business

Fed rate hike 'no-go more likely than most people think'

NEW YORK: DoubleLine Capital co-founder Jeffrey Gundlach said on Sunday that the Federal Reserve may hesitate to raise rates given rocky economic and financial conditions, though the Paris attacks alone are unlikely to play a factor in next month's decision.

Business

Oil price up as US crude stocks fall to lowest since Feb 2015

NEW YORK: Oil prices rose for the second consecutive day on Wednesday after U.S. government data showed domestic crude inventories fell to their lowest levels since February 2015, easing worries about oversupply that have weighed on markets in recent weeks.