Stock Market & Investment News

LONDON: United States Secretary of State Antony Blinken said the Biden administration and its allies are discussing an embargo of Russian oil, a move that threatens to make an already heated oil market even more volatile. Read full story

CHICAGO: Wheat prices surged closer to record levels as Russia’s intensifying war in Ukraine cuts off supplies from one of the world’s leading breadbaskets, and is set to prevent planting of crops this year, dealing what is probably an unprecedented supply shock to global consumers. Read full story

NEW YORK: Wall Street’s main indexes fell sharply on Monday, with the Nasdaq Composite confirming it was in a bear market, as the prospect of a ban on oil imports from Russia sent crude prices soaring and fueled concerns about rising inflation. Read full story

BENGALURU: Oil prices jumped on Monday to their highest levels since 2008 as the United States and European allies considered banning Russian oil imports while it looked less likely that Iranian crude would return switftly to global markets. Read full story

The price of oil LCOc1 has surged to its highest since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to recover from a pandemic-related collapse in demand. Read full story

KUALA LUMPUR: Investors could be keeping their sights on stocks recent corporate announcements including Sarawak Oil Palms, Willowglen MSC, CB Industrial Product, Siab, Ancom, Nylex, Samaiden, Omesti and Perdana Petroleum, said JF Apex Research. Read full story

TODAY’S business environment is highly competitive and the need to gain a larger market share of clients and customers cannot be overstated. Read full story

KUALA LUMPUR: The domestic market opened with an extension of the strong bearish sentiment that routed equities prices yesterday as investors join in the global reaction over surging commodity prices and the war in Ukraine. Read full story

KUALA LUMPUR: Coming out of a fourth quarter that yielded sequential improvements to bottomlines, the auto sector is planning ahead for the scheduled end of the government’s exemption on the sales and service tax (SST) in June 2022. Read full story

KUALA LUMPUR: The ringgit continued to trade lower against the US dollar in the early trading session today on persistent buying support for the greenback. Read full story