oil price

 
 

Ringgit opens lower on negative sentiment

KUALA LUMPUR, Oct 23 — The ringgit opened marginally lower against the US dollar this morning as negative sentiment clouded demand for the currency, said a dealer.  At 9am, the ringgit was traded at 4.1595/1625 versus the…


Banks lead US stock slide, extending market’s losing streak

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Banks led a broad slide in U.S. stocks Monday as an early rally faded, giving the benchmark S&P 500 index its fourth straight loss. Health care and energy stocks also helped pull the market lower, outweighing gains by technology and consumer-focused stocks. Crude oil prices eked out a small gain after spending most of the day in the red. The latest losses came as traders geared up for a busy week of company earnings reports that should help answer how Corporate America is coping with rising interest rates, inflation andRead More


Wall St drops as China support fades, earnings disappoint

NEW YORK, Oct 22 — US stocks edged down today as early support from a rally in China faded, with lower oil prices and disappointing earnings signals from firms including Halliburton and Hasbro helping pull the market lower. The energy sector fell…


Ryanair hopes to land deals with major unions by Christmas

DUBLIN, Oct 22 — Ryanair hopes to reach deals with all of its major unions by Christmas, its chief executive said today, in a sign an end may be in sight to disruptions which have hit its profit and shares. The Irish low-cost carrier, Europe’s…


European stocks climb as Italy responds to EU

LONDON, Oct 2 — European stock markets climbed today, helped by solid gains on the Milan index as investors looked beyond a credit downgrade for Italy, which has told Brussels it will stick to a controversial budget. The dollar rose against major…


Expect sideways trading for Bursa Malaysia ahead of 2019 Budget

KUALA LUMPUR: Shares are expected to see sideways trading in the next three weeks, with foreign investors adopting a waiting game ahead of the 2019 Budget announcement on November 2. M&A Securities Sdn Bhd chief dealing officer R Sundararajah said the trend was likely to continue at least until budget day, as the current FTSE […]


US’s Mnuchin says it will be harder for Iran oil importers to get waivers

JERUSALEM, Oct 21 — US Treasury Secretary Steven Mnuchin said today it will be harder for countries to get waivers on Iran oil sanctions than during the Obama administration and dismissed concerns that oil prices could rise, saying the market had…


Saudi to host ‘Davos in desert’ despite outcry over slain journalist

RIYADH, Oct 21 — Saudi Arabia will host a key investment summit on Tuesday, overshadowed by the killing of critic Jamal Khashoggi that has prompted a wave of policymakers and corporate giants to withdraw. Just ahead of the three-day Future…


Crude Palm Oil Weekly Report – October 20th, 2018

The Malaysia palm oil futures (FCPO) failed to erase losses on Friday, in line for a second day losses, weighed down by weaker related oils in China’s Dalian Commodity Exchange and Chicago Board of Trade. On Friday, FCPO fell 1.35 per cent to 2,222 as compared with last Friday’s closing price at 2,252, a totaled […]


Euro, pound rally on Brexit concession; stocks dip

NEW YORK, Oct 20 — Stocks dipped yesterday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit demand. Oil prices rose on…