Exports of goods during June slipped 28 per cent to $12.8 billion from $17.7 billion in the same month last year, dipping for the ninth month in a row due to a slowdown in major global markets. For full story, click here
Economic outlook for the country has shifted remarkably as the Federal Government’s deficit budget is likely going to fizzle out due to surge in crude oil prices to above $65 per barrel in the international markets, Renaissance Capital has stated. For full story, click here
Malaysian crude palm oil futures may hit 3,000 ringgit if crude oil markets continue to surge, although he dipped to give a timeframe. For full story, click here
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Majority of the markets across the Asia-Pacific region advanced on Monday, led by resources and financial stocks, on higher commodity prices. For full story, click here
Get our independent commentary on oil trends and companies delivered to your inbox.
