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KUALA LUMPUR, April 28 (Reuters) -- The United Arab Emirates said on Tuesday it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy.
KUALA LUMPUR, April 28 (Bernama) -- Global crude oil prices rose in a knee-jerk reaction following news that the United Arab Emirates (UAE) has left the Organisation of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance.
By K. Naveen Prabu
KUALA LUMPUR, April 28 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mixed today, despite higher crude oil prices, a trader said.
By Abdul Hamid A Rahman
KUALA LUMPUR, April 28 (Bernama) -- The ringgit closed higher against major and regional currencies but was flat against the US dollar today amid cautious sentiments over rising crude oil prices.
KUALA LUMPUR, April 28 (Bernama) -- Bursa Malaysia rose 0.71 per cent to end at the day’s high on the back of improving local sentiment and selective buying in index-linked counters following the recent pullback.
By K. Naveen Prabu
KUALA LUMPUR, April 28 (Bernama) -- The Kuala Lumpur rubber market closed lower today, weighed by expectations of increased supply post-winter, a trader said.
KUALA LUMPUR, April 28 (Bernama) -- Bank Negara Malaysia (BNM) has introduced the SME Stabilisation Relief Facility (SME SRF), a RM5 billion financing facility to assist small and medium enterprises (SMEs), including microenterprises, affected by the ongoing West Asia conflict.
KUALA LUMPUR, April 28 (Bernama) -- Malaysia ranks among the top countries in artificial intelligence (AI) readiness, supported by strong adoption rates, public trust and continued investment in the digital economy, according to global real estate property technology group, Juwai IQI Holdings.
KUALA LUMPUR, April 28 (Bernama) -- Dark Horse Consulting Group (DHCG) has signed a memorandum of understanding (MoU) with Porton Advanced to establish a strategic collaboration aimed at accelerating the development and clinical translation of cell and gene therapies globally.
KUALA LUMPUR, April 28 (Bernama) -- Malakoff Corporation Bhd’s wholly-owned subsidiary, Malakoff Power Bhd (MPower), has issued a RM450 million sustainable and responsible investment (SRI) Sukuk Murabahah under its RM1.2 billion Islamic Medium-Term Notes Programme (IMTN Programme).
By Abdul Hamid A Rahman
KUALA LUMPUR, April 27 (Bernama) -- The ringgit closed higher against the greenback today on improved optimism, as markets saw inflows into semiconductor-related stocks, which benefited Malaysia.
KUALA LUMPUR, April 27 (Bernama) -- KIP Real Estate Investment Trust (KIP REIT), via its trustee Pacific Trustees Bhd, has entered into a conditional sale and purchase agreement for the proposed acquisition of Setapak Central for RM435 million.
