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Oil prices fall on oversupply fears

Oil prices fall on oversupply fears

HONG KONG: Oil prices fell in Asian trade on Monday, extending weeks of losses after a US report stoked expectations of a global glut of suppliers. US benchmark West Texas Intermediate (WTI) for September delivery was at US$43.57, down from US$43.87 on Friday in New York – its lowest close since March 17. Brent crude […]

August 10, 2015 | By | Reply More
Ringgit near 17-year low as Malaysia foreign exchange reserves fall below US$100b

Ringgit near 17-year low as Malaysia foreign exchange reserves fall below US$100b

SINGAPORE: The ringgit stayed near a pre-peg 17-year low on Monday after news Malaysia’ foreign exchange reserves fell below US$100 billion threshold, raising doubts over the currency’s ability to withstand further political fallout and low commodity prices. The ringgit stood at 3.9245 per dollar as of 0109 GMT, compared to the previous close of 3.9220. […]

August 10, 2015 | By | Reply More
Asian stocks near 1-1/2 year lows on China data; dollar steady

Asian stocks near 1-1/2 year lows on China data; dollar steady

HONG KONG/TOKYO: Asian shares fell within sight of a fresh 1-1/2 year low while commodity currencies such as the Malaysian ringgit fell further on Monday after Chinese data highlighted a deepening slowdown in demand in the world’s industrial powerhouse. News of another monthly decline in Chinese exports – its biggest fall in four months – […]

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Government approves General State Budget for 2016

Government approves General State Budget for 2016

Madrid, Aug 10: The Council of Ministers approved, for submission to Parliament, the Draft Law on the General State Budget for 2016, and accounts with a decisively social focus, which open up a period of sustained growth and job creation, as announced by the President of the Government, Mariano Rajoy, in a press briefing.   […]

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June factory output up 4.3% y-o-y, slightly below forecast

June factory output up 4.3% y-o-y, slightly below forecast

KUALA LUMPUR: Malaysia’s June industrial production rose 4.3% from a year earlier, slightly short of market predictions due to lower electricity demand, data from the Statistics Department showed on Monday. A Reuters poll of economists had forecast annual factory output would expand 4.4%, compared with May’s 4.5% which surpassed expectations. Government data earlier indicated that […]

August 10, 2015 | By | Reply More
Oil prices fall on oversupply fears

Oil prices fall on oversupply fears

HONG KONG: Oil prices fell in Asian trade on Monday, extending weeks of losses after a US report stoked expectations of a global glut of suppliers. US benchmark West Texas Intermediate (WTI) for September delivery was at $43.57, down from $43.87 on Friday in New York — its lowest close since March 17. Brent crude […]

August 10, 2015 | By | Reply More
Petronas steadfast in promoting unity

Petronas steadfast in promoting unity

PETRONAS released the webfilm titled Sampai Hati in conjunction with Hari Raya recently. During the festive season every year, the oil and gas company’s popular webfilms are eagerly anticipated. The often nostalgic, and at times light-hearted, interpretation of Malaysia’s multi-cultural society, embedded with universal themes such as unity, love and social cohesion were made famous […]

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S.Korea’s Coway shares slide on reports of MBK’s exit plan

S.Korea’s Coway shares slide on reports of MBK’s exit plan

August 10, 2015 SEOUL: Shares of South Korean water purifier maker Coway Co Ltd tumbled more than 10 percent on Monday following local media reports that private equity fund MBK Partners plans to sell a controlling stake worth nearly $2 billion. The South Korean stock exchange has asked Coway to comment on whether MBK plans […]

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FTSE Bursa Update: 74 gainers, 664 losers

FTSE Bursa Update: 74 gainers, 664 losers

KUALA LUMPUR: At 10.30 a.m. today, there were 74 gainers, 664 losers and 179 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,659.84 down 22.81 points, the FBMACE was at 5,889.25 down 130.89 points, and the FBMEmas was at 11,413.47 down 162.45 points. Turnover was at 567.132 million shares valued at RM368.775 […]

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Asian markets mostly fall on US rate hike, Chinese data

Asian markets mostly fall on US rate hike, Chinese data

HONG KONG: Most Asian markets fell on Monday as investors prepare for a US interest rate hike and after weak Chinese data added to concerns over the health of the world’s number two economy. The dollar gained against the yen after upbeat jobs data on Friday added to expectations the US central bank will raise […]

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