The pockets of Filipino consumers will be burdened with higher prices again at the petroleum pumps this week; as based on upward adjustments announced by the oil companies.
In pricing notices sent to the media and the Department of Energy, the oil firms indicated that diesel prices will go u
The dollar fell on Friday after US nonfarm payrolls data showed hiring increased in May as the pandemic eased, but not as much as expected, tempering expectations the Federal Reserve will tighten monetary policy sooner, rather than later.
KUALA LUMPUR, June 6 (Bernama): The FTSE Bursa Malaysia (FBM KLCI) is expected to trade sideways this week with the level of resistance located at 1,600 to 1610 points.
Market players will be monitoring the country’s April industrial production index to be released by the Statistics Department and the European Central Bank’s (ECB) policy rate meeting.
Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said the holiday-shortened week would contribute further to the market lull as there seemed to be no new fresh catalyst in the market.
The local bourse will be closed on Monday, June 7, in conjunction with the official birthday of the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah. The local bourse and its subsidiaries will resume operations on Tuesday, June 8.
NEW YORK: Oil extended gains on Friday, with Brent topping US$72 a barrel for the first time since 2019, as OPEC+ supply discipline and recovering demand countered concerns about a patchy COVID-19 vaccination rollout around the globe.