Business

Oil prices hit new 2015 highs as US inventories drop

Thursday, 7 May 2015.

NEW YORK: Oil prices scored new 2015 peaks Wednesday after weekly data showed US commercial crude stockpiles unexpectedly slumped in the first decline in four months.

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Oil prices hit new 2015 highs as US inventories drop

Thursday, May 7, 2015 - 10:56

NEW YORK: Oil prices scored new 2015 peaks Wednesday after weekly data showed US commercial crude stockpiles unexpectedly slumped in the first decline in four months.

US stocks drop on jobs data, Yellen’s warning on values

Thursday, May 7, 2015 - 10:54

NEW YORK: Wall Street stocks fell for a second straight session Wednesday following disappointing jobs data and a warning from Federal Reserve Chair Janet Yellen on high equity valuations.

Asian shares down as Wall St. tumbles on poor data

Thursday, May 7, 2015 - 10:52

TOKYO: Asian shares fell Thursday after Wall Street dropped on weaker-than-expected US economic data and a warning from Federal Reserve Chair Janet Yellen that stock valuations were “quite high.”

FTSE Bursa Malaysia update

Thursday, May 7, 2015 - 09:44

KUALA LUMPUR: At 9.30 a.m. today, there were 118 gainers, 200 losers and 207 counters traded unchanged on the Bursa Malaysia.

Asia remains bright spark: IMF

By RUPA DAMODARAN - Thursday, May 7, 2015 - 09:35

KUALA LUMPUR: Asia remains the bright spark in the global economy but the growth outlook will be lower for several natural resources exporters in the region like Malaysia and Mongolia says the International Monetary Fund.

Ringgit opens lower against US Dollar

Thursday, May 7, 2015 - 09:33

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today on mild profit taking, a dealer said.

Khazanah announces changes to management

Wednesday, May 6, 2015 - 20:13

KUALA LUMPUR: Khazanah Nasional Bhd has announced new appointments as part of its ongoing and periodic strengthening of its senior leadership team (SLT), led by managing director Tan Sri Azman Mokhtar.

GuocoLand’s Damansara City offers Singaporeans luxury enclave

Wednesday, May 6, 2015 - 20:09

SINGAPORE: Damansara City, a luxury-integrated development worth RM2.5 billion (S$927 million) in gross development value by GuocoLand (Malaysia) Bhd, will open a special pre-launch sale for Singaporean investors between 11 am to 7 pm from Saturday to Sunday at The Island Suite, Marina at Keppel Bay

Japan’s Daiwa keen on minority stake in Affin Hwang Investment Bank

Wednesday, May 6, 2015 - 20:03

KUALA LUMPUR: Japanese’s Daiwa Securities Group Inc is keen to buy a minority stake in Malaysia’s Affin Hwang Investment Bank Bhd, parent Affin Holdings Bhd said on Wednesday.

Oil bulls drive crude to 2015 high on fall of US stocks

Wednesday, May 6, 2015 - 17:50

LONDON: Oil prices rose more than a dollar to 2015 highs on Wednesday, as a month-long rally gained further impetus from a fall in U.S. crude stocks and conflict in the Middle East.

F&N working on new energy drink to replace Red Bull

Wednesday, May 6, 2015 - 15:22

KUALA LUMPUR: Fraser & Neave Holdings Bhd is working on a new product to replace its energy drink Red Bull after the exclusive rights to distribute Red Bull expires on Sept 30, 2015.

AUVSI: Horizon unveils the world’s first hydrogen powered, 4H- endurance multi-rotor UAV

Wednesday, May 6, 2015 - 14:41

ATLANTA: Singaporean company Horizon Unmanned Systems (HUS) unveils HYCOPTER, the world’s first hydrogen fuel cell powered multi-rotor UAV.

US targets over US$500m investments in Malaysia

By RUPA DAMODARAN - Wednesday, May 6, 2015 - 12:38

KUALA LUMPUR: US businesses are targeting more than US$500 million in new investments to come into Malaysia over the next three to five years says the US-ASEAN Business Council.

Malaysians capitalising on London’s property investment

Wednesday, May 6, 2015 - 12:01

KUALA LUMPUR: Malaysia is among the countries that is capitalising the lucrative and transparent real estate market in London, United Kingdom.

Klibor futures untraded

Wednesday, May 6, 2015 - 10:09

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contract on Bursa Malaysia Derivatives was untraded at 9.45 am.

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