Flows to the European Union and the UK plunged as higher freight costs stoked by the ongoing turmoil in the Red Sea, as well as unplanned refinery maintenance in Asia, made trade economics better for sending cargoes east rather than west.
PETALING JAYA: With the oil and gas (O&G) counters on Bursa Malaysia witnessing share price increases over the past week, in tandem with the elevated oil prices since the beginning of February, analysts are cautiously optimistic and bracing in hope that the commodity does not breach US$90 a barrel.
KUALA LUMPUR: BMI Country Risk & Industry Research (BMI), a product of Fitch Solutions Group Ltd, has made an upward revision to its forecast for the average price of Bursa Malaysia-listed third-month palm oil futures contracts in 2024 to RM3,750 per tonne from RM3,515 per tonne previously.
Procurement came under the spotlight at Chocoa’s recent Amsterdam Sustainable Cocoa Conference when it convened a panel of specialists to discuss why the practice is not just about buying beans - transactions should go a lot deeper in the value chain and with new EU legislation looming, sustainability and traceability is becoming more and more the core business of procurement, delegates were informed.
Shares of the lithium miner Albemarle are having another very bad day, but unlike many times when stocks make large moves, there was no clear primary factor...
California’s Forever Feed Technologies has partnered with Dr Greenhouse to design the controlled environment for an enterprise-scale indoor feed mill at the River Ranch Dairy in Hanford, California.
KUALA LUMPUR: Malaysia's benchmark stock index could maintain a sideways trajectory despite a bullish performance on Wall Street as investors stay cautious ahead of the corporate results period, said Apex Securities Research.