Stock Market & Investment News

HOUSTON: Oil prices climbed 8% on Thursday, extending a series of wild daily swings, as the market rebounded from several days of losses with a renewed focus on supply shortages in coming weeks due to sanctions on Russia Read full story

NEW YORK: Wall Street stocks rebounded from early session losses on Thursday as investors weighed economic implications of the Federal Reserve’s surprisingly aggressive interest rate stance, while oil prices surged on supply shortage concerns arising from the Russia-Ukraine conflict. Read full story

JAKARTA: Indonesia will remove export volume restrictions on palm oil products and raise its export levy instead, its trade minister said on Thursday, in a surprise policy U-turn just a week after it shocked markets by further tightening its curbs. Read full story

LONDON/NEW YORK: Russia laid down strict new rules for foreigners seeking permits to buy and sell Russian assets ranging from securities to real estate, a client memo by Citigroup C.N showed, raising fresh concerns Western investors could face large write-downs. Read full story

KUALA LUMPUR: Tracking optimism in US markets, Bursa Malaysia extended its rally as investors grew more comfortable with the US Federal Reserve’s interest rate hike plan. Read full story

KUALA LUMPUR: On Friday, investors could be keeping a watchful eye on Gas Malaysia, SKP Resources, LYC Healthcare, Vizione, Cahya Mata Sarawak, Scomi Energy Services and Sapura Energy, according to JF Apex Research. Read full story