News
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Rising interest rate fallout unlikely
Upward inflation pressures, economic recovery may see rates climb again Read full story
-
Policy normalisation can lend support to ringgit
IN an environment of rising global interest rates, an increase in the overnight policy rate (OPR) could help mitigate the risk of capital outflows and pressure on the local currency. Read full story
-
Short Position – Green bond, O&G funding, Going the EV way
ISSUANCES of green bonds are on a rise. Governments, banks and corporations are issuing them and there seems to be sufficient investor-interest for the debt papers. Read full story
-
GLOBAL MARKETS-Bond yields tumble as Netflix fuels stock market sell-off
NEW YORK/LONDON: Risk aversion dominated markets on Friday as stocks slumped on Wall Street and in Europe, oil prices fell from seven-year highs earlier in the week and bond prices surged with traders scurrying for the relative safety of government debt. Read full story
-
Oil price slides, but climbs for 5th week on supply concerns
NEW YORK: Oil prices slid for a second day in a row on Friday, pressured by an unexpected rise in U.S. crude and fuel inventories while investors took profits after the benchmarks touched seven-year highs earlier in the week. Read full story
-
Royal Dutch no more – Shell officially changes name
LONDON: Shell officially changed its name on Friday, ditching “Royal Dutch”, which has been part of its identity since 1907, following plans to scrap its dual share structure and move its head office from the Netherlands to Britain. Read full story
-
Shrunken US oil inventories point to chronic under-supply
LONDON: U.S. petroleum inventories have continued to slide over the last month and are well below their normal seasonal levels, which has helped push oil prices to their highest since 2014. Read full story
-
Intel's US$20bil Ohio factory could become world's largest chip plant
WASHINGTON/SAN FRANCISCO: Intel Corp said on Friday it would invest up to US$100 billion to build potentially the world’s largest chip-making complex in Ohio, looking to boost capacity as a global shortage of semiconductors affects everything from smartphones to cars. Read full story
-
Econpile issues termination notice to Gabungan Strategik
KUALA LUMPUR: Econpile Holdings Bhd’ wholly owned subsidiary Econpile (M) Sdn Bhd’s (EMSB) joint venture partner, China Communication Construction Company (M) Sdn Bhd (CCCC) has issued a notice of termination to Gabungan Strategik Sdn Bhd (GSSB), being the work package contractor, for breach of the sub-contract. Read full story