Bursa Malaysia extended its upside momentum at mid-day today buoyed by bullish external sentiment following the overnight rally on Wall Street, dealers said. At 12.30 pm, the FTSE Bursa Malaysia KLCI... more
Palm oil entered a bear market as a slowdown in the Chinese economy hurts demand for the commodity used in everything from chocolates to cosmetics and exacerbates a global glut. The benchmark futures... more
Iran, the world’s fifth largest crude producer, has set aside almost nothing for oil investments this year because of the drop in prices. Money put into the industry dropped from about $40 billion... more
The yen fell along with the Swiss franc as demand for haven assets waned after Asian stocks snapped their longest losing streak in almost a year. The yen weakened versus the dollar after a volatile... more
Shares on Bursa Malaysia extended higher at mid-day today boosted by positive external developments, dealers said. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 12.27 points higher at 1,... more
Crude at $40 a barrel is unsustainable and prices will have to rise as supply drops out of the market, according to Norway’s Oil Minister. “There has developed a surplus capacity on the production... more
Bursa Malaysia finished on a firmer note today helped by gains in heavyweights led by Petronas Chemical, dealers said. At 5pm, the benchmark index, FTSE Bursa Malaysia KLCI (FBM KLCI), was 31.80... more
The ringgit closed 1.12 per cent better to the US dollar today, snapping a 17-day losing streak, on improved risk appetite. At 5 pm, the ringgit was quoted at 4.2105/2155 against the greenback from 4... more
Oil rose, stemming its decline to a six-year low, while swelling U.S. crude stockpiles kept the market under pressure amid a global selloff. Futures gained as much as 2.3 percent in New York, paring... more
Share prices moved into the positive territory mid-day supported by bargain buying in most heavyweights and in tandem with the performane of its regional peers, dealers said. As 12.30 pm, the FTSE... more