LONDON: Brent crude oil traded below US$60 a barrel yesterday, near 5-1/2-year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe.
KUALA LUMPUR: The ringgit closed slightly higher against the US dollar and mostly appreciated against other major currencies.
KUALA LUMPUR: The Malaysian rubber market closed mixed yesterday, due to a stronger ringgit, coupled with a further drop in crude oil prices, a dealer said.
KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) fell sharply yesterday by US$275 to end at US$20,000 a tonne, on a technical correction and in line with the lower sentiment for the commodity on the London Metal Exchange (LME).
KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contracts on Bursa Malaysia Derivatives closed untraded yesterday on lack of buying interest, dealers said.
KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives continued downtrend for the third consecutive day, tracking overnight losses on the US Commodity Exchange’s gold futures.
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended marginally higher yesterday amid bargain buying activities.
LITTLE-KNOWN Jentayu Danaraksa Sdn Bhd is hoping for another chance to meet Khazanah Nasional Bhd to discuss its RM8.75 billion plan to save Malaysia Airlines (MAS).
KUALA LUMPUR: The government will unveil measures to improve the state of the economy as the ringgit continues to depreciate.
KUALA LUMPUR: Media agency Mindshare Malaysia has won the coveted “Malaysia Media Agency of the Year” title at the Campaign Asia-Pacific Agency of the Year Awards 2014 in Singapore.
KUALA LUMPUR: Petra Energy Bhd (PEB), which provides brown field services for the upstream oil and gas (O&G) industry, is selling its entire 51 per cent stake in Bumi Subsea Sdn Bhd for RM430,912. PEB initially bought the 51 per cent stake on August 27 last year for RM340,000.
KUALA LUMPUR: Kossan Rubber Industries Bhd’s wholly-owned subsidiary Ideal Quality Sdn Bhd has bought a 5.3ha vacant freehold industrial land in Kapar, Klang, for RM39 million. In a statement yesterday, the rubber glove maker said the land is for the expansion of its gloves division.
KUALA LUMPUR: Octagon Consolidated Bhd’s subsidiaries Durachem Sdn Bhd and Hexagon Portfolio Sdn Bhd have sold their stakes in PT Durachem Indonesia to Origin Electric Co Ltd, Miki & Co Ltd and Giantvale (M) Sdn Bhd for RM9.1 million.
AIRASIA Bhd will deliver solid earnings from the second quarter of next year as the benefit of lower fuel price trickles in, said Maybank Investment Bank (Maybank IB).
ALLIANCE DBS Research is maintaining a “buy” rating on SP Setia Bhd, with a target price of RM4.10, following its commendable fourth quarter results.
SEOUL: Global furniture giant Ikea opens its first store in South Korea today, a much-anticipated market entry that has stumbled at a number of commercial and cultural hurdles along the way.
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