• Commodities  |  JULY 30, 2015 1:23 PM

    KLTM closes US$70 lower at US$16,180 per tonne

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    The Kuala Lumpur Tin Market (KLTM) closed US$70 lower at US$16,180 per tonne today despite the higher price of the metal on the London Metal Exchange (LME). The LME tin price was US$50 higher at US$16,200 per tonne. A dealer said the …

  • Commodities  |  JULY 30, 2015 11:04 AM

    Citigroup sees China securing oil market clout

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    As the global oil market grapples with a price slump and a supply glut, Citigroup Inc predicts China will exert the strongest pull on the international flow of crude. Imports by the world’s largest energy user are set to increase …

  • Commodities  |  JULY 30, 2015 7:38 AM

    Gold inches up as Fed leaves door open to Sept rate hike

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    Gold moved up a shade on Wednesday, but remained near last week’s 5-1/2-year low, after a US Federal Reserve statement raised uncertainty about the timing of a possible interest rate hike, leaving the door open for September. Following a two-day …

  • Commodities  |  JULY 30, 2015 7:08 AM

    Oil rises from near 6-month lows on US stock drawdown

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    Oil settled higher on Wednesday, recovering from multi-month lows, after US government data showed a surprisingly large crude stockpile draw that signaled the market may have been wrong in predicting slumping demand for energy. Crude futures lost more than US$10 …

  • Commodities  |  JULY 29, 2015 8:05 PM

    Ministry to meet over commodity prices stability

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    The Plantation Industries and Commodities Ministry will discuss strategies with the private sector and interest groups to stabilise commodity prices. Minister Douglas Uggah Embas said meetings will be held beginning August to ensure commodity prices remain competitive in the international market. “It is a proactive measure …