• Commodities  |  NOVEMBER 25, 2015 7:24PM

    Why China’s steel mills won’t cut back production

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    Macquarie’s commodities analysts have been to China and they’ve come back… gloomy. The bank has previously highlighted the steel industry as a poster child for commodities woes, with particular emphasis on overcapacity in China. In the face of slumping metals prices, the pressure is on …

  • Commodities  |  NOVEMBER 25, 2015 7:16PM

    Rubber market ends mixed

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    The Malaysian rubber market closed mixed today despite bearish regional rubber futures markets, dealers said. A dealer said the rubber futures on the Tokyo Commodity Exchange and Shanghai Futures Exchange were lower today. “The gains, however, were capped by a stronger ringgit …

  • Commodities  |  NOVEMBER 25, 2015 3:06PM

    Indonesia: Opec member that likes lower oil prices

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    After defending the interests of oil-exporting nations for five decades, the Organisation of Petroleum Exporting Countries (Opec) has made a surprising choice with its newest member: a country that consumes about twice as much crude as it pumps. Indonesia will …

  • Commodities, Featured and Exclusive  |  NOVEMBER 25, 2015 2:50PM

    Oil trades near US$43 as Turkish-Russian tensions rise

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    Oil traded near US$43 a barrel as investors weighed a forecast increase in US stockpiles against heightened geopolitical tension after Turkey shot down a Russian warplane near the border with Syria. Futures swung betweens gains and losses in New York …

  • Commodities  |  NOVEMBER 25, 2015 1:47PM

    KLTM ends US$50 higher at US$14,400 a tonne

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    The Kuala Lumpur Tin Market (KLTM) rose by US$50 to close at US$14,400 a tonne today. Dealers said the firmer close was in tandem with the increase in the metal price on the London Metal Exchange (LME), dealers said. The LME tin …

  • Commodities  |  NOVEMBER 25, 2015 7:59AM

    Gold rises 1% on softer dollar, Turkey-Russia tensions

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    Gold rose 1% on Tuesday, recovering from near six-year lows as news that Turkish fighter jets had shot down a Russian warplane near the Syrian border sparked a rush to safety among investors, weighing on the dollar.

  • Commodities  |  NOVEMBER 25, 2015 7:33AM

    Oil hits 2-week highs, up 3%

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    Oil prices hit two-week highs on Tuesday, rising about 3%, after a spike in Middle East tensions from Turkey's downing of a Russian warplane and a rally in US gasoline futures.

  • Commodities  |  NOVEMBER 24, 2015 6:27PM

    Gov’t spends RM2.2 bil annually to assist for rice farmers

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    The government spends a total of RM2.2 billion a year to provide various incentives to the rice farmers to increase national rice production and the income of the farmers. Agriculture and Agro-based Industry Deputy Minister Tajuddin Abdul Rahman said the incentives included the …

  • Commodities  |  NOVEMBER 24, 2015 5:41PM

    Rubber market closes lower

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    The Malaysian rubber market was lower at today’s close, tracking the regional rubber market futures. A dealer said the rubber benchmark Tokyo Commodity Exchange, which resumed its trading today after a local public holiday yesterday, saw its rubber futures price fell more than …

  • Commodities, Featured and Exclusive, OTHERS  |  NOVEMBER 24, 2015 4:51PM

    Oil gains as Saudi Arabia commits to market stability

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    Oil gained amid a reiteration by Saudi Arabia that the world’s biggest exporter is committed to working with Opec members and other producers to stabilise the crude market. Futures rose as much as 1.5% in New York. Saudi Arabia strives …