marc

 
 

Traders: Saudi Aramco’s trading arm seeks oil products after attacks

SINGAPORE, Sept 16 — Saudi Aramco’s trading arm is seeking oil products for prompt delivery following Saturday’s attacks on Saudi oil facilities, three trade sources said today. Saudi Arabia is set to become a significant buyer of refined…


Aldi UK to plough on with investment plan as pays price for expansion

LONDON, Sept 16 — Aldi reaffirmed its commitment to investing in Britain today, despite a 26 per cent fall in 2018 profit at the German discount supermarket group’s UK business as it paid the price of expansion. Britain’s fifth biggest…


European stocks suffer from Saudi attacks, but oil firms soar

BERLIN, Sept 16 — European shares fell today after four straight sessions of gains as attacks on crude facilities in Saudi Arabia and weak Chinese data added to worries over global growth while boosting shares in unaffected oil producers. The…


Tourism Malaysia expects 8pc increase in tourist expenditure this year

PETALING JAYA, Sept 15 — Tourism Malaysia is expecting tourist expenditure to rise by eight per cent this year from RM28.1 billion recorded last year. Its director-general, Datuk Musa Yusof, said one of the aspects that could help boost the amount…


UAE regulator not optimistic on Boeing 737 MAX return this year

DUBAI, Sept 15 — The head of the United Arab Emirates’ General Civil Aviation Authority said today he was not optimistic that the Boeing 737 MAX would return to operations this year and that the first quarter of 2020 was more likely. The 737 MAX…


Large US banks sweating the move to lower interest rates

NEW YORK, Sept 15 — President Donald Trump’s attacks on the US Federal Reserve make financial markets cringe, but his demand for zero interest rates makes banks sweat. As the Fed reverses course and is poised to cut the benchmark lending rate a…


Singapore employers more cautious in hiring, as job vacancies in Q2 2019 continue to decline, says report

SINGAPORE, Sept 14 — In light of economic headwinds, hiring sentiments continued to be cautious for the second quarter of this year. The number of job vacancies offered on the market continued to decline from the previous quarter, as the resident…


1 Utama goes cashless with 1PAY e-wallet, ONESHOP online shopping platform

PETALING JAYA, Sept 13 — The 1 Utama Shopping Centre, ranked the largest mall in Malaysia, has raised the technological bar for competitors with the launch of its 1PAY e-wallet system today. Integrated with the mall’s existing ONECARD membership…


Karnival Usahawan Desa in Putrajaya targets sales of RM40m

PETALING JAYA, Sept 12 — The Rural Development Ministry is optimistic of participants at Karnival Usahawan Desa (KUD), to be held from Oct 17 to 21 in Putrajaya, which will be the last location for this year, achieving the target of RM40 million…


Opec members Iraq, Nigeria agree to cut oil output

ABU DHABI, Sept 12 — Opec agreed today to trim oil output by asking over-producing members Iraq and Nigeria to bring production in line with their targets as the group strives to prevent a glut amid soaring US production and a slowing global…