FBM KLCI climbs on improved sentiment in global markets
KUALA LUMPUR: The FBM KLCI extended its gains headed into midday as most blue-chips rallied on the back of recent Wall Street gains. Read full story
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Oil prices take a breather, Opec+ sticks to output plans
SINGAPORE: Oil prices eased on Thursday following weak U.S. payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. Read full story
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Gold lacklustre as dollar gains ground with cenbanks in focus
GOLD prices hovered on Thursday below the previous session’s one-week high, as the U.S. dollar regained ground ahead of major central bank meetings as their economies grapple with broadening inflationary risks. Read full story
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Malaysia-Thailand border trade rises 30.26% in 2021
BANGKOK: Border trade between Malaysia and Thailand increased 30.26 per cent to 627.7 billion baht (100 baht=RM12.60) last year following the reopening of all nine checkpoints along the borders of both countries that have boosted economic activities. Read full story
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Gading Kencana inks US$1bil solar farms collaboration with Saudi Arabia's March global
KUALA LUMPUR: Gading Kencana Sdn Bhd, one of the largest solar farm operator in Malaysia, is collaborating with Saudi Arabia’s March Global LLC to develop US$1 billion solar farms in the Middle East, Africa and ASEAN regions. Read full story
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Shell again boosts dividend, buybacks as profits soar
LONDON: Shell boosted its dividend and share repurchases on Thursday after fourth quarter profits soared to $6.4 billion fueled by higher oil and gas prices and strong gas trading performance Read full story
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Bursa Malaysia ends higher on strong buying interest
KUALA LUMPUR: Bursa Malaysia ended higher on Thursday with strong buying interest in selected sectors particularly banking, plantation and oil and gas, an analyst said. Read full story
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Straits Energy Resources appoints Sunny Ho to spearhead Straits Commnet Solutions
KUALA LUMPUR: Straits Energy Resources Bhd has appointed telecommunications specialist Sunny Ho Khin Choy to lead its indirect subsidiary Straits CommNet Solutions Sdn Bhd effective today. Read full story
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Palm oil leads historic vegoil rally as demand outpaces supply
FORT COLLINS, Colorado: Global vegetable oil supplies have tightened in the last couple of years even as the pandemic slowed the demand growth rate, and that has had the most profound price impact on palm oil, the most widely used vegetable oil. Read full story
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Wall St posts gains after choppy session, energy index hits multi-year peak
NEW YORK: All three Wall Street benchmarks advanced on Tuesday and the energy index closed at a multi-year high, although seesaw trading reflected investor uncertainty about how to play the current market Read full story