LONDON: Brent crude oil steadied above US$73 a barrel yesterday after hitting a fresh four-year low in the wake of OPEC's decision not to cut output, a move investors said would leave oil markets heavily oversupplied.
KUALA LUMPUR: Gold futures contracts ended mostly lower yesterday on lack of market-moving news, said Philip Futures dealer Ahmad Danial Zainudin.
KUALA LUMPUR: Short-term interbank rates closed stable yesterday on Bank Negara Malaysia's (BNM) intervention to mop up excess liquidity from the financial system.
KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed US$70 higher at US$20,250 a tonne yesterday on low offerings and despite the metal’s lower price on the London Metal Exchange (LME), said a dealer.
KUALA LUMPUR: Crude palm oil (CPO) futures closed lower yesterday on the back of lower crude oil prices, a dealer said.
KUALA LUMPUR: The ringgit ended at a near five-year low against the US dollar yesterday in the face of a slump in oil prices, a dealer said.
KUALA LUMPUR: The Malaysian rubber market closed mixed yesterday due to weaker crude oil price, a dealer said.
DRB-HICOM Bhd’s core net profit of RM41 million for the second quarter of financial year 2015 was broadly in line with consensus numbers, said AmResearch Sdn Bhd.
AMRESEARCH Sdn Bhd has downgraded Bonia Corp Bhd from “buy” to “hold”, with a lower fair value of RM1.10, given the challenging outlook ahead.
AFTER staging a sharp technical rebound on Monday, share prices on Bursa Malaysia pared gains made early in the week on the last two trading days.
CREDIT Suisse Securities Research & Analytics advises investors to put their money in undervalued property developers with affordable projects in resilient locations.
KUALA LUMPUR: TA Enterprise Bhd (TAE) is selling its Hong Kong unit, TA Securities (HK) Ltd (TAHK), to China King Sun Finance Group Ltd for RM6.8 million.
KUALA LUMPUR: WTK Holdings Bhd is acquiring Alanya Marine Ventures Sdn Bhd (AMV) for RM94.6 million to enable it to venture into the oil and gas (O&G) industry. AMV provides services related to O&G.
KUALA LUMPUR: Mulpha International Bhd’s net profit for the third quarter ended September 30 this year surged more than fourfold to RM44.05 million compared with RM8.67 million recorded in the corresponding quarter last year.
AFTER many years of talking, the World Trade Organisation (WTO) pulled off a major deal on Thursday that the body said could boost global commerce by US$1 trillion (RM3.38 trillion) annually.
OIL extended losses in Asian trade yesterday after the Organisation of the Petroleum Exporting Countries (Opec) cartel refused to cut production despite a global glut that has sent prices slumping to four-year lows, with analysts warning of more falls to come.
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