Stock Market & Investment News

EXXON Mobil was once the most valuable company in the world in 2013 by virtue of its market capitalisation of US$438bil (RM1.85 trillion). It was a global oil giant with footprints everywhere, including Malaysia. Read full story

The biggest luxury houses see billions in the metaverse economy, thanks to avatars and non-fungible tokens. Read full story

Life is unfair, but what can we do about it? Read full story

A year ago analysts thought steelmaker ArcelorMittal SA would be lucky to make US$2bil (RM8.43bil) of net profit in 2021. Read full story

NEW YORK: Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve’s decision to end its pandemic-era stimulus faster. Read full story

Stocks expected to deliver better returns next year Read full story

Malaysia’s Petronas, France’s TotalEnergies, Royal Dutch Shell, and Qatar Energy on Friday scooped up big offshore oil fields in Brazil Read full story

WASHINGTON: The International Monetary Fund’s Executive Board on Friday said it has formed a steering group to lead a review to improve institutional safeguards on data and governance after clearing IMF Managing Director Kristalina Georgieva of wrongdoing in a World Bank data-rigging scandal. Read full story

WASHINGTON: The U.S. Department of Energy on Friday said it will sell 18 million barrels of oil from the Strategic Petroleum Reserve, with offers from companies to purchase it due on Jan. 4, as part of a previously announced release aimed to cool fuel prices. Read full story

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade sideways with downside bias next week, a dealer said. Read full story