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Oil prices fall early Tuesday as White House proposes US oil reserve sales

Tue, 23 May 2017 11:02:42 +08:00

SINGAPORE: Oil prices fell on Tuesday after U.S. President Donald Trump proposed the sale of half the country's strategic oil reserves in his budget plan, just as producer club OPEC and its allies are cutting output to tighten the marketAfter rising in Asian morning trading, Brent crude futures reversed their gains and were at $53.66 per barrel at 0232 GMT, down 21 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $50.94, down 19 cents, or 0.4 percent. The White House plan would gradually sell off half of the nation's emergency oil stockpile to raise $16.5 billion from October 2018, documents released by the administration late on Monday showed.

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Ringgit higher against US$ Tuesday

Tue, 23 May 2017 10:50:17 +08:00

KUALA LUMPUR: The ringgit was higher against the dollar, riding high on the back of Malaysia''s robust first-quarter 2017 (1Q2017) Gross Domestic Product (GDP) growth data.Dealers noted increased buying interest for the ringgit which saw the local note appreciate to 4.2950/2980 at 9.04am against the greenback from 4.3030/3060 at 6pm on Monday.

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Blue chips steady early Tuesday, Public Bank and MAHB up

Tue, 23 May 2017 09:36:05 +08:00

KUALA LUMPUR: Blue chips chalked up some small gains early Tuesday, supported by buying of Public Bank, MAHB and Petronas Dagangan.

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DIARY Malaysia 2017 corporate earnings

Tue, 23 May 2017 09:17:54 +08:00

KUALA LUMPUR: Following is a list of release dates for the quarterly earnings of some top Malaysia-listed companies.AirAsia X Bhd Q1 May 23

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Diary Malaysia Tuesday May 23

Tue, 23 May 2017 09:11:13 +08:00

KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETSTUESDAY, MAY 23 KUALA LUMPUR- The 31st Asia-Pacific Roundtable to convene at the Hilton Kuala Lumpur at 0800 (0000 GMT) KUALA LUMPUR- Prime Minister Najib Razak(pic) unveils 2016 National Transformation Programme Annual Report UiTM Shah Alam at 2015 (1215 GMT)

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Trading ideas: MK Land, Taliworks, Fajarbaru, Econpile, Yinson

Tue, 23 May 2017 09:04:46 +08:00

KUALA LUMPUR: MK Land, Taliworks, Fajarbaru, Econpile and Yinson are among the stocks to watch on Tuesday following their corporate news and announcements, says JF Apex Research.

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Malaysian palm oil/Vegoils: Market factors to watch Tuesday May 23

Tue, 23 May 2017 09:00:28 +08:00

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday May 23.Malaysian palm oil futures rose about 1 percent to hit their highest in a week on Monday as strong export demand put the contract on track for a second straight session of gains.

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Prestariang’s Q1 earnings below forecast, says CIMB Research

Tue, 23 May 2017 08:51:55 +08:00

KUALA LUMPUR: Technology services company Prestariang’s Q1 FY17 earnings were below market and CIMB Equities Research’s expectations, mainly due to delays in finalising the Sistem Kawalan Imigresen Nasional (SKIN) project.

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Asian stocks steady early Tuesday, sterling retreats after Manchester blast

Tue, 23 May 2017 08:51:54 +08:00

SINGAPORE: Sterling extended losses after British police said they were treating an explosion in Manchester as a possible terrorist attack, while the euro retained gains made on comments by German Chancellor Angela Merkel that the common currency was "too weak." MSCI's broadest index of Asia-Pacific shares outside Japan was steady early on TuesdayMSCI's broadest index of Asia-Pacific shares outside Japan was steady early on Tuesday. It hit its highest level since May 2015 on Monday, posting its biggest one-day gain in over two months. Japan's Nikkei slipped almost 0.1 percent. Australian and South Korean shares both posted gains of about 0.1 percent.

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Breakfast briefing: Tuesday, May 23 (Update)

Tue, 23 May 2017 08:23:39 +08:00

Breakfast briefing: Tuesday, May 23Adding connectivity: The SmartLink technology in Ford's plug-in device allows models that do not come pre-equipped with a modem to be more connected. — Reuters

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