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China orders top refiners to halt diesel, petrol exports amid Middle East tensions
BEIJING, March 5 — China has told its largest oil refiners to suspend exports of diesel and gasoline, Bloomberg News reported Thursday, as the war in the Middle East increasingly risks an energy supply crunch. China is a net importer
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Bursa Malaysia tracks Wall Street gains, KLCI rises 3.86 points
KUALA LUMPUR, March 5 — Bursa Malaysia opened higher on Thursday, tracking positive overnight Wall Street performance as easing oil prices and upbeat economic data soothed concerns over the US-Iran geopolitical crisis. At 9.16am, the FTSE Bursa Malaysia KLCI (FBM
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US judge orders refund of US$130b in Trump-era tariffs
WASHINGTON, March 5 — A US trade court judge on Wednesday ordered the government to begin paying potentially billions of dollars in refunds to importers who paid tariffs that the Supreme Court said last month were collected illegally. Judge Richard
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Oil jumps nearly 2pc as Hormuz tensions rattle Asian trade
TOKYO, March 5 — Oil prices rose nearly two per cent in early Asian trade on Thursday off the back of persistent worries about supplies because of the Middle East conflict. At around 2310 GMT West Texas Intermediate, having closed
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Ringgit firms slightly against US dollar as markets await OPR call
KUALA LUMPUR, March 5 — The ringgit opened marginally higher against the US dollar on Thursday as traders shifted focus to the overnight policy rate (OPR) announcement later in the day, despite the ongoing conflict in the Middle East. At
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Thailand’s CP Axtra to expand Malaysia footprint with RM1.7b purchase of The Food Purveyor
KUALA LUMPUR, March 4 — Thailand’s CP Axtra Public Company Ltd has agreed to acquire The Food Purveyor, the Malaysian operator of Village Grocer and Ben’s Independent Grocer, in a deal valued at RM1.7 billion. The Edge reported that CP Axtra
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US shale boom leaves America better shielded from war‑driven oil outages, says ExxonMobil
NEW YORK, March 4 — Thanks to the US shale boom, the United States is “well positioned” to navigate energy market disruptions due to the Middle East war, a top ExxonMobil executive said yesterday. Jack Williams, senior vice president at
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Bursa Malaysia slips at the open, tracking overnight losses on Wall Street
KUALA LUMPUR, March 4 — Bursa Malaysia opened slightly lower today, tracking Wall Street’s weaker performance overnight. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.83 points, or 0.16 per cent, to 1,709.12 from Tuesday’s close of
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Amazon delays, rising prices and stranded tankers: How the Hormuz shutdown is already hitting consumers
PARIS, March 4 — With few captains willing to brave the Strait of Hormuz as war rages around the Gulf, companies will have to do business without one of the world’s most vital shipping lanes, especially for oil and gas.
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Ringgit opens firmer but stays under pressure as geopolitical fears lift US dollar
KUALA LUMPUR, March 4 — The ringgit opened slightly higher against the US dollar today but is expected to remain under pressure amid mounting geopolitical tensions, with traders continuing to favour the greenback as a safe-haven asset. At 8 am,
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