Crude oil futures

Crude oil futures inched lower on Friday, as investors nervously eyed developments in Greece’s debt talks ahead of a looming repayment deadline.Greece is due to repay €1.6 billion to the International Monetary Fund on June 30 but without a rescue package in place it is unclear if the payment can be met. If Greece misses the payment it risks going into default, which could trigger the country’s exit from the euro area.Late on Friday, Greek...

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Gold jumps in Asia as investors eye Greek bank holiday, China rate cut

Gold prices jumped in Asia on Monday as investors reacted to the prospect of financial turmoil in Greece spilling over to other countries and cuts in interest, deposit and cash reserve ratios by China at the weekend.Greece's banks and stock exchange are expected to remain closed throughout the week following a recommendation from the country's Financial Stability Council late Sunday, according to some reports.The move came just hours after...

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Stocks to watch: Otto Marine, mm2 Asia, Lippo Malls Indonesia Retail Trust

OFFSHORE marine company Otto Marine has secured orders worth US$131 million, mainly contributed by the group's chartering business, in the second quarter of its financial year 2015 till date. The substantial increase in new chartering contracts was attributable to the group's strategy to improve the utilisation rate of the fleet, in view of the potential cost that idle vessels will incur, the group said in a statement on Monday morning. Utilisation rate for the group's chartering business has also improved for Q2FY15 against...

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Malaysia: Stocks open lower on Monday

Malaysia share prices opened lower on Monday morning with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down at 1,708.63 points, down 1.84 points. Some 97.6 million shares worth RM32.91 million were traded. Losers outnumbered gainers 206 to 75...

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HSBC joins NETS payment network

HSBC debit cardholders will be able to make NETS payments at 87,000 acceptance points island-wide with effect from June 23, 2015. HSBC is the latest foreign bank after Standard Chartered Bank and Maybank to offer its debit cardholders this payment capability, NETS said on Monday. "This allows HSBC debit cardholders to tap into Singapore's most widely used payment network, with 10 million cardholders," it said. The NETS Debit service...

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Malaysia: Shares end higher

MALAYSIAN shares ended higher on Monday with the Kuala Lumpur Composite Index adding 10.99 points to close at 1,732.76. Some 1.54 billion lots, valued at RM1.82 billion were traded. Gainers numbered 561 while losers numbered 238...

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Malaysia's 1MDB repays US$975 million loan: statement

[KUALA LUMPUR] Malaysian state investment fund 1MDB has fully repaid a US$975 million loan owed to a syndicate of international banks, it said in a statement on Monday. The move reflects the fund's move to reduce its debt levels, in line with a rationalisation plan approved by the cabinet, it said in the statement. 1MDB, which owns property and energy assets and whose advisory board is chaired by Malaysian Prime Minister Najib...

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Malaysia: Shares end lower

MALAYSIAN shares ended lower on Monday with the Kuala Lumpur Composite Index slipping 5.88 points to close at 1,739.45. Some 1.24 billion lots, valued at RM1.38 billion were traded. Gainers numbered 254 while losers numbered 532...

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US: Stocks rise on data, dovish ECB meeting

[NEW YORK] Wall Street stocks rose on Wednesday following a wave of mostly solid US data and a fresh confirmation of ultra-easy money policies by the European Central Bank. The Dow Jones Industrial Average advanced 64.33 points (0.36 per cent) to 18,076.27. The broad-based S&P 500 added 4.47 (0.21 per cent) at 2,114.07, while the tech-rich Nasdaq Composite Index gained 22.71 (0.45 per cent) to 5,099.23. Economic reports showed a big drop in the US trade deficit in April, slower growth in the US services sector in May and...

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Malaysia: Shares open lower on Thursday morning

Malaysia share prices fell on Thursday morning with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 8.13 points to 1,741.04 points. Volume was 21.8 million lots worth RM18.46 million. Gainers outnumbered losers 114 to 72...

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Malaysia: Shares open lower

Malaysia share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 3.19 points to 1,740.22. Volume was 89.7 million lots worth RM47 million. Gainers outnumbered losers 150 to 104...

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