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LATEST

  • Commodities  |  SEPTEMBER 1, 2015 7:39AM

    Gold rebounds on oil rally, awaits US rate hike clues

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    Gold steadied on Monday, bouncing up from session lows as oil prices rallied and the US dollar fell, after bullion felt earlier pressure on indications the Federal Reserve may still raise interest rates this year, despite recent market turmoil.

     
  • Commodities, Featured and Exclusive  |  SEPTEMBER 1, 2015 7:19AM

    Oil jumps 8%, biggest 3-day surge since 1990

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    Oil futures soared on Monday for a third consecutive day, rising more than 8%, as a downward revision of US crude production data and Opec's readiness to talk with other producers helped extend the biggest three-day price surge in 25 years.

     
  • Commodities, Corporate, Featured and Exclusive  |  AUGUST 31, 2015 12:25PM

    Petronas eyes ventures in Venezuela, Trinidad & Tobago

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    Petronas may positively consider participating in joint gas exploration at the border areas of Venezuela and Trinidad and Tobago, Foreign Minister Anifah Aman said. He said this would hinge on an invitation from Venezuela and Trinidad and Tobago, and if …

     
  • Commodities  |  AUGUST 31, 2015 12:14PM

    Oil set for 3rd monthly drop as US rig count gains

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    Oil headed for a third monthly decline as US drillers showed no signs of letting up even as a supply glut persists. Futures fell as much as 1.8% in New York after the biggest two-day rally since 2009. The number …

     
  • Commodities  |  AUGUST 31, 2015 11:25AM

    Gold up on technical dealings; posts worst week in a month

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    Gold rose on Friday as technical indicators and suggestions the US central bank may delay a rate rise provided support, but the metal was still on track to post its biggest weekly drop in five weeks amid dollar strength and …

     
  • Commodities  |  AUGUST 31, 2015 11:05AM

    Brent up 5%, back above US$50 a barrel

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    World oil prices roared back to US$50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six …

     
  • Commodities  |  AUGUST 29, 2015 2:36PM

    Rubber to stay cautious; economic uncertainty

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    The Malaysian rubber market is likely to stay cautious next week, tracking the economic uncertainties in the countries of the main producers, dealers said. A dealer said traders were concerned about the economic growth in China despite Tokyo Commodity Exchange (TOCOM) rubber futures …

     
  • Commodities  |  AUGUST 29, 2015 2:21PM

    Tin price to trade around US$14,000

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    The tin price on the Kuala Lumpur Tin Market (KLTM) is expected to trade around US$14,000 level per tonne next week. A local tin trader said the market would be supported by the scattered buying by the Europeans and Japanese. “However, we …

     
  • Commodities  |  AUGUST 29, 2015 2:03PM

    Gold on Bursa to trade cautiously

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    Gold futures contracts on Bursa Malaysia Derivatives are likely to trade cautiously next week as investors look forward to more clues on the timing of US rate increase. “The market will also be influenced by the concerns over slowdown in China’s economy,” said …

     
  • Commodities  |  AUGUST 28, 2015 7:44PM

    Ta Ann’s 2Q pre-tax profit rises to RM45.43 mil

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    TA Ann Holdings Bhd’s pre-tax profit for the second quarter ended June 30, 2015 rose to RM45.43 million from RM39.35 million in the same period last year. Revenue increased to RM256.89 million from RM245.77 million previously, the company said in a filing to …

     
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