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Brent stays above US$100, Asia stocks fall
TOKYO, March 13 — Brent crude inched further above US$100 (RM393) a barrel and stocks fell in early Asian trade today, after Iran vowed to attack oil resources in the Middle East and keep choking the Strait of Hormuz. Having
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South Korea caps refinery fuel prices amid Middle East conflict
SEOUL, March 12 — South Korea said today that a fuel price cap would take effect from midnight to mitigate pressure on the country’s energy supply during the Iran war. The country is heavily reliant on energy imports, including shipments through
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Oil breaks US$100 as Iran strikes tankers, Bahrain fuel tanks, Oman port
HONG KONG, March 12 — Oil soared above US$100 (RM392) and stocks sank Thursday as Iran’s fresh attempts to hit supplies in the Middle East and threats to bring down the global economy overshadowed a record release of strategic crude
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Ringgit rises against US dollar after IEA bid to release oil reserves
KUALA LUMPUR, March 12 — The ringgit extended gains against the US dollar and other currencies at today’s opening, supported by stabilising oil prices following the International Energy Agency’s (IEA) decision to release additional supply into the market, an economist
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Electric car prices drop in Europe, helping sales rise
BRUSSELS, March 12 — The average price of an electric car dropped for the first time since 2020 in Europe last year, which helped sales, a report found today, as the EU debates weakening climate targets for automakers. EU environment
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‘Totally unsustainable’: Airlines across Asia hike ticket prices amid surging fuel costs from Mideast conflict
TOKYO, March 11 — Airlines in the Asia-Pacific region, including Qantas, Air India and Cathay Pacific, have hiked fares — or will soon — to factor in surging jet fuel prices spurred by war in the Mideast. The average world
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HLB Islamic unveils new brand identity, launches ‘Hayat’ wealth stewardship proposition
KUALA LUMPUR, March 11 — Hong Leong Islamic Bank has refreshed its consumer-facing brand identity as HLB Islamic, alongside a strengthened core proposition that encourages customers to manage wealth through a Shariah-guided lifecycle approach. The move marks a new chapter
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Moody’s says high energy prices to lift Petronas upstream earnings, subsidies a risk
KUALA LUMPUR, March 11 — Credit rating agency Moody’s Ratings expects expect high energy prices will boost Petroliam Nasional Bhd’s (Petronas) upstream earnings. It said in a statement today that higher petroleum-related revenues provide additional mitigation amid volatility in global oil
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Asian markets rise as oil stabilises on talk of IEA reserve release
HONG KONG, March 11 — Asian equities extended gains today while oil stabilised after a report said the International Energy Agency was considering the release of a record amount of its reserves to counter soaring prices. The crude market has
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Bursa Malaysia opens slightly lower as Wall Street slips and crude oil pulls back
KUALA LUMPUR, March 11 — Bursa Malaysia opened marginally lower on Wednesday, tracking weaker performance on Wall Street, where all three major US indices ended well below their intraday highs after a volatile session. At 9.15 am, the FTSE Bursa Malaysia
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