NEW YORK: Oil prices tumbled about 6% to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy. Read full story
FOR R. Daranagama, a 70-year-old rice farmer, the past year ranks among the most difficult of his life. Read full story
US officials are working to arrange a possible call this summer between President Joe Biden and Chinese President Xi Jinping, according to sources, with tensions high between the world’s two biggest economies. Read full story
JAKARTA: Garuda Indonesia’s proposal for restructuring its more than U$9 billion debt won the approval on Friday from the vast majority of the airline’s creditors, court officials said, staving off the risk of bankruptcy at the embattled flag carrier. Read full story
KUALA LUMPUR: The 12th Ministerial Conference (MC12) of the World Trade Organization (WTO) in Geneva, Switzerland has resulted in groundbreaking accomplishments in several key areas of the negotiations. Read full story
WASHINGTON: Whether the United States, the world’s largest economy, will slip into a recession is a growing concern for chief executives, the Federal Reserve, and the administration of President Joe Biden. Read full story
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is forecast to trade with a downside bias as the market continues to be plagued with expectations of higher output next week. Read full story
KUALA LUMPUR: The FBM KLCI sank 1.09% to its lowest in two years on persistent selling pressure as investors continued to take flight. Read full story
KUALA LUMPUR: The ringgit closed marginally higher against the US dollar for the third consecutive trading day today, as the bearish outlook on the global economy prompted more investors to shift to emerging currencies, a dealer said. Read full story
KUALA LUMPUR: Bermaz Auto Bhd (BAuto) has issued a fourth tranche of Islamic 7-year commercial papers (ICPs) totalling RM100mil in nominal value with a tenure of six months from the date of issuance. Read full story
KUALA LUMPUR: Global aviation industry leaders are gathering in Doha, Qatar for the 78th IATA Annual General Meeting (AGM) and World Air Transport Summit (WATS). Read full story
KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd has earmarked a capital expenditure (capex) of RM110mil to upgrade its brewery in Shah Alam, its largest investment in 30 years. Read full story