News

Federal Reserve Chair Jerome Powell on Monday delivered his most muscular message to date on his battle with too-high inflation, saying the central bank must move “expeditiously” to raise rates and possibly “more aggressively” to keep an upward price spiral from getting entrenched. Read full story

HOUSTON: Oil prices settled up more than 7% on Monday, with global benchmark Brent climbing above $115 a barrel, as European Union nations disagreed on whether to join the United States in a Russian oil embargo after an attack on Saudi oil facilities Read full story

BELFRY, Kentucky: In a ravine deep in the Appalachian mountains, Warren Rogers stands on the ruins of an abandoned coal-washing plant that used to prepare hundreds of tons of the fuel a day for transport through the tiny town of Belfry, Kentucky. Read full story

KUALA LUMPUR: Stocks to watch for on Tuesday include Press Metal, Ancom, Nylex, LBS Bina, Gabungan AQRS, TDM, Sumatec Resources, Greenyield and Jankun International, said JF Apex Research. Read full story

KUALA LUMPUR: IOI Properties Bhd’s earning prospects continue to grow upon the expected completion of Central Boulevard in Singapore next year and the normalisation of its business segments to pre-pandemic levels, said RHB Research. Read full story

KUALA LUMPUR: Investors searched for direction on in early Tuesday trade as US Federal Reserve chairman Jerome Powell signalled a more aggressive approach to interest rate hikes moving forward, although escalating commodity prices provided support. Read full story

KUALA LUMPUR: Sime Darby Holdings Bhd has confirmed that Sime Darby Holdings Bhd and Ramsay Health Care Ltd have received a confidential, conditional and non-binding proposal from IHH Healthare to acquire 100% of their 50:50 jount venture Ramsay Sime Darby Health Care Sdn Bhd. Read full story

KUALA LUMPUR: Farm Fresh Bhd opened at RM1.70 this morning with an opening volume of 27.2 million shares. Read full story

KUALA LUMPUR: The FBM KLCI slipped in morning trade as Press Metal decline amid news of a share placement although rising energy prices helped to lift plantations and oil and gas counters. Read full story

KUALA LUMPUR: CSH Alliance Bhd is seeking approval from its shareholders to vary the utilisation of the proceeds of its right issue, following a decision not to venture into the gloves business. Read full story