CPO futures to see quiet trading next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see a quiet trading next week due to weaker export sentiment, a dealer said.

Boeing 737 MAX declared emergency after engine shutdown, lands safely

American Airlines Co said on Friday that a Boeing 737 MAX bound for New Jersey's Newark Liberty International Airport declared an emergency after the captain shut down one engine over a possible mechanical issue.

Oil surges after OPEC+ holds cuts, strong US jobs growth

NEW YORK: Oil prices jumped about 3% on Friday, hitting their highest levels in more than a year, following a stronger-than-expected U.S. jobs report and a decision by OPEC and its allies not to increase supply in April.

GLOBAL MARKETS-Wall Street surges on jobs data, global equity markets regain ground

NEW YORK: Wall Street and a gauge of global equity markets rose on Friday as investors cheered signs of economic strength in a report that showed faster-than-expected U.S. jobs growth, data that initially stoked inflation concerns

Short Position - Bursa, energy, plantation tax

Will the revival of SPACs on Wall Street spur such listings here?

SPECIAL purpose acquisition companies or SPACs have become a hot trend on Wall Street.

Revitalising the key tourism industry

The Tourism, Arts and Culture Minister sheds light

Ringgit slips further versus US dollar

PETALING JAYA: A combination of factors including the rise in 10-year US Treasury yield and China’s modest 2021 gross domestic product growth forecast have weighed on the ringgit’s performance against the US dollar Friday, despite firmer oil prices.

External electronics demand to spur economy

PETALING JAYA: The Malaysian economy is expected to be buoyed by external demand, particularly exports of electronic products to China and Singapore, amidst the global shortage of semiconductors, said Moody’s Investors Servic

Crude oil price surge pushes FBM KLCI above 1,600

KUALA LUMPUR: Higher crude oil prices lifted sentiment on Bursa Malaysia on Friday, helping the main index to close above the 1,600-point level.