News

NEW YORK: AT&T Inc and Discovery Inc kicked off marketing on a bond sale that’s expected to be one of the largest offerings ever as they seek to fund their media business combination. The deal will test a market that’s been rattled by inflation and Russia’s invasion of Ukraine. Read full story

NEW YORK: Wall Street resumed its slide on Thursday, ending in the red as inflation hit a four-decade high, cementing expectations that the U.S. Federal Reserve would hike key interest rates at the conclusion of next week’s monetary policy meeting to prevent the economy from overheating. Read full story

BENGALURU: Oil prices settled about 2% lower on Thursday after a volatile session, a day after its biggest daily dive in two years, as Russia pledged to fulfil contractual obligations and some traders said supply disruption concerns were overdone. Read full story

JAKARTA: Indonesia’s palm oil price should not be dictated by the external market, its trade minister said on Thursday, backing his decision to expand palm oil export curbs at a time of surging global prices from a global supply crunch. Read full story

U.S. shale producers and OPEC, who not long ago were waging a price war, this week found themselves on similar sides as oil prices have surged well above $100 a barrel: in no rush to rapidly boost production. Read full story

KUALA LUMPUR: Stocks on investors’ radar screens following recent corporate news flow include Bermaz Auto, Solarvest, Capital A, Sapura Energy, MyEG Services and Resintech, says JF Apex Research. Read full story

KUALA LUMPUR: Bursa Malaysia turned downward as it opened for trading on Friday, tracking the negative performance on Wall Street overnight as Russia and Ukraine peace talks failed to make any progress. Read full story

KUALA LUMPUR: As Bermaz Auto Bhd’s earnings results come in line with estimates, analysts say the auto distributor is expected to chart stronger earnings in subsequent quarters on the back of the economic recovery. Read full story

KUALA LUMPUR: The ringgit traded lower against the US dollar in the early trading session today amid renewed buying interest for the greenback.  Read full story

KUALA LUMPUR: Ray Go Solar Holdings Bhd made its debut on the LEAP market of Bursa Malaysia at 16 sen a share, representing a four sen premium over its issue price of 12 sen. Read full story