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Malaysia, Indonesia may take EU plan to curb palm oil imports to WTO

Malaysia, Indonesia may take EU plan to curb palm oil imports to WTO

KUALA LUMPUR: Malaysia and Indonesia plan to raise the prospect of European Union curbs on the imports of palm oil with the World Trade Organisation, both countries said in a joint statement on Sunday.

July 16, 2017 | By | Reply More
French hostility to palm oil trade hurting bilateral relations: MPOB

French hostility to palm oil trade hurting bilateral relations: MPOB

KUALA LUMPUR: France’s current adversarial position on the palm oil trade is hurting relations with Malaysia, Malaysian Palm Oil Board chairman Datuk Seri Ahmad Hamzah said today.

July 16, 2017 | By | Reply More
Upgrade with a dab of TPP may be US recipe for NAFTA revamp

Upgrade with a dab of TPP may be US recipe for NAFTA revamp

The Trump administration offered few specifics, other than expressing its desire to modernize the pact and to tackle festering issues on labor, environment, intellectual property rights and state-owned enterprises. WASHINGTON: Some provisions of the Trans-Pacific Partnership President Donald Trump quit as part of his pledge to protect American workers from “bad trade deals” may still […]

July 16, 2017 | By | Reply More
OPEC: Can it ride out the storm?

OPEC: Can it ride out the storm?

The price of oil now stands at currently less than US$50 per barrel, around a third of the level of 10 years ago, when it topped a high of US$147. ISTANBUL: For cartel OPEC — created in 1960 with the aim of supporting a sustainable price on the oil market — it is in some […]

July 16, 2017 | By | Reply More
Unilever vies with Hormel to buy Reckitt food unit

Unilever vies with Hormel to buy Reckitt food unit

Unilever and Hormel are front-runners in a deal that is likely to top 2.2 billion pounds ($2.9 billion), the unidentified sources told the Sunday Times. LONDON: Anglo-Dutch conglomerate Unilever is vying with UScanned meat producer Hormel Foods Corp to buy the foods division of British consumer goods maker Reckitt Benckiser, the Sunday Times newspaper reported, […]

July 16, 2017 | By | Reply More
Britain says to link business rates tax to consumer prices from 2020

Britain says to link business rates tax to consumer prices from 2020

Business rates are taxes to help pay for local services, such as police and firefighters, charged on most non-domestic properties, including shops, warehouses, pubs, cafes and restaurants. LONDON: Britain’s finance ministry will help companies by indexing the business rates tax against consumer prices rather than faster-rising retail prices starting in 2020, a spokesman said on […]

July 16, 2017 | By | Reply More
Ashley Madison parent in US$11.2 million settlement over data breach

Ashley Madison parent in US$11.2 million settlement over data breach

Ruby Corp, formerly known as Avid Life Media Inc, denied wrongdoing in agreeing to the preliminary class-action settlement, which requires approval by a federal judge in St. Louis. NEW YORK: The owner of the Ashley Madison adultery website said on Friday it will pay $11.2 million to settle U.S. litigation brought on behalf of roughly […]

July 16, 2017 | By | Reply More
Ringgit to continue good momentum next week

Ringgit to continue good momentum next week

KUALA LUMPUR: The ringgit is likely to continue the positive momentum against the US dollar next week as uncertainty over the safe haven currencies, including the greenback, has shifted investors interest towards emerging currencies, including the ringgit. Affin Hwang Investment Bank Vice-President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said the ringgit hovered […]

July 15, 2017 | By | Reply More
Bursa Malaysia to rebound next week on improved demand

Bursa Malaysia to rebound next week on improved demand

KUALA LUMPUR: Bursa Malaysia is expected to stage a further rebound next week, lifted by strong Wall Street performance, Federal Reserve’s dovish statement, steady ringgit and recovering oil price. Affin Hwang Investment Bank Vice-President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was expected to […]

July 15, 2017 | By | Reply More
RM to continue good momentum next week

RM to continue good momentum next week

KUALA LUMPUR: The ringgit is likely to continue the positive momentum against the US dollar next week as uncertainty over the safe haven currencies, including the greenback, has shifted investors interest towards emerging currencies, including the ringgit.

July 15, 2017 | By | Reply More