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  • File photo of pump jacks at the Lukoil-owned Imilorskoye oil field outside the west Siberian city of Kogalym, Russia

    Oil prices edged higher on Monday, with Brent oil set to rise for five out of seven sessions as a global supply glut appears to ease, but rising U.S. production limited gains. Brent crude oil (LCOc1) climbed 0.2 percent to $56.09 a barrel, while U.S. West Texas Intermediate (CLc1) added 0.1 percent to $54.04 a barrel. …

  • Phonemakers are piling in to fill a gap in the market left by Samsung, still licking its wounds from a costly recall of its flagship Note 7 and with no key device of its own to launch at the telecom industry's biggest annual fair. China's Huawei, the most likely contender to fill the hole in the premium end of the market, …

  • Malaysia's Sime Darby Bhd , the world's largest palm oil planter by land size, on Monday said its second-quarter net profit more than doubled from a year ago, buoyed by improved production and higher prices of the tropical oil. Profit at Sime Darby, a conglomerate with interests in industrial equipment, motors, property …

  • Nokia's newly revitalised phone business went back to the future on Sunday, re-introducing a brightly coloured version of the classic 3310 talk and text phone, the world's most popular device in the year 2000. Nokia also launched four moderately priced smartphones ranging from 139 to 299 euros. It gets a lot of affection …

  • Wal-Mart launched the price test across 11 Midwest and Southeastern states such as Iowa, Illinois and Florida, focussing on price competition in the grocery business that accounts for 56 percent of the company's revenue, said vendor sources with direct knowledge of the matter who did not wish to be identified for fear of …

  • Samsung Electronics said on Sunday it would launch its next key device in the aftermath of a burning-battery scandal, the Galaxy S8, on March 29. At the end of a product presentation at Mobile World Congress in Barcelona, the company showed a short video clip announcing the date for its traditional "Unpacked Event". This …

  • Wal-Mart Stores Inc is running a new price-comparison test in at least 1,200 U.S. stores and squeezing packaged goods suppliers in a bid to close a pricing gap with German-based discount grocery chain Aldi and other U.S. rivals like Kroger Co, according to four sources familiar with the moves. Wal-Mart launched the price …

  • * Baht revisits Friday's peak, its highest since late Oct. * Rupee touches highest since Nov. 10 * Focus on Trump's Feb. 28 speech to Congress * Market awaits specifics on U.S. tax reform plans (Updates ...

  • SE Asia Stocks-Cautious ahead of Trump speech Reuters - 1 hour 3 minutes ago

    By Susan Mathew Feb 27 (Reuters) - Southeast Asian stock markets moved sideways on Monday, in line with Asian peers ahead of U.S. President Donald Trump's speech to a joint session of Congress on Tuesday ...

  • Hong Kong's stock exchange operator said on Monday its 2016 net profit fell 27 percent due to a decline in fees generated by stocks and metals trading on the bourse as it struggled to match stellar volumes seen during 2015's record rally. Hong Kong Exchanges and Clearing Ltd (HKEX) <0388.HK> reported a net profit of HK$5.8 …

  • China's FX regulator said on Monday that it will strengthen supervision of the foreign exchange market in 2017, while improving policy transparency and promoting the further opening of financial markets. Chinese authorities have taken a raft of steps in recent months to curb capital flight from the country to support the …

  • Malaysia's closing tin prices for Feb 27 Reuters - 1 hour 37 minutes ago

    KUALA LUMPUR, Feb 27 (Reuters) - Following is a table of Kuala Lumpur tin market prices provided by a Malaysian trader. (Prices in $/tonne, and volumes in tonnes unless stated) Date KL Premium/ Spot Bid ...

  • Feb 27 (Reuters) - Sime Darby Bhd * Qtrly revenue 12.34 billion rgt * Qtrly profit attributable 644 million rgt * Group announced an interim dividend of 6.0 sen per share for the financial year ending ...

  • India's state-run Oil and Natural Gas Corp will take control of Hindustan Petroleum Corp as part of the government's plan to create an integrated public sector oil entity, the Economic Times daily reported on Monday citing top government officials. India plans to create a giant oil company by combining state-owned firms, …

  • File photo of gold bullion is displayed at Hatton Garden Metals precious metal dealers in London

    By Sethuraman N R (Reuters) - Gold prices held firm on Monday near 3-1/2 month highs hit in the previous session, with investors waiting for greater clarity on President Donald Trump's economic policy. ...

  • Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as a historic OPEC output cut slashes supply. The switch may foreshadow the end of a global oil glut that built up during a two-year price war. On Friday …

  • A Wall St. sign is seen outside the New York Stock Exchange

    U.S. President Donald Trump's planned economic agenda has fanned the flames for Wall Street's record-setting run, but some investors worry that his first major address to Congress next week risks dousing it if his plans look slow to execute or are overly vague. The benchmark S&P 500 has surged 10 percent since Trump's …

  • London Stock Exchange said its proposed merger with Deutsche Boerse AG was unlikely to be approved by the European Commission, leaving the stock market operators' third attempt at combining on the brink of failure. The LSE said in a statement late on Sunday that the commission had asked it to sell its 60 percent stake …

  • Asian stocks erased early losses but stayed below 19-month highs on Monday as a renewed drop in sovereign bond yields on political concerns prompted some investors to move to the sidelines after a recent rally. Markets remained in recent broad trading ranges, and interest is focused on U.S. President Donald Trump's speech …

  • The White House on Sunday did not rule out that Attorney General Jeff Sessions may recuse himself from Justice Department investigations into allegations of Russian interference in the 2016 presidential election. Sarah Huckabee Sanders, a deputy White House press secretary, said congressional investigations into possible …

  • Oil prices edged higher on Monday, with Brent oil set to rise for five out of seven sessions as a global supply glut appears to ease, but rising U.S. production limited gains. Brent crude oil climbed 0.2 percent to $56.09 a barrel, while U.S. West Texas Intermediate added 0.1 percent to $54.04 a barrel. Oil prices tumbled …

  • Activity in China's manufacturing sector likely grew modestly for the seventh month in a row in February as resources prices extended a rapid rally and on signs of improving global demand for Chinese exports, a Reuters poll showed. Investors will also be looking for signs of further growth in export orders.

  • Man looks at a stock quotation board outside a brokerage in Tokyo

    By Saikat Chatterjee HONG KONG (Reuters) - Asian stocks erased early losses but stayed below 19-month highs on Monday as a renewed drop in sovereign bond yields on political concerns prompted some investors ...

  • A man talks on the phone as he stand in front of an advertising poster of the SoftBank telecommunications company in Tokyo

    TOKYO/HONG KONG (Reuters) - Japan's SoftBank Group Corp (9984.T) is close to making an investment in U.S. office-sharing startup WeWork expected to be worth over $3 billion, CNBC reported on Monday, as it expands its reach beyond tech and telecoms. Led by founder Masayashi Son, SoftBank has made a string of surprising …

  • A man talks on the phone as he stand in front of an advertising poster of the SoftBank telecommunications company in Tokyo

    TOKYO/HONG KONG (Reuters) - Japan's SoftBank Group Corp (9984.T) is close to making an investment in U.S. office-sharing startup WeWork expected to be worth over $3 billion, CNBC reported on Monday, as it expands its reach beyond tech and telecoms. Led by founder Masayashi Son, SoftBank has made a string of surprising …

  • Feb 27 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0147 GMT. CURRENCIES VS U.S. DOLLAR Change on the day at 0147 GMT Currency Latest bid Previous Pct day Move ...

  • Feb 27 (Reuters) - United Plantations Bhd * Declares special single tier dividend of 65% per share for year ended 31 December 2016 Source ( http://bit.ly/2mtAO5q ) Further company coverage:

  • The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures recovered in late trade on Friday on forecasts of stronger ...

  • DIARY - Malaysia Reuters - 6 hours ago

    + ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS MONDAY, FEBRUARY 27 KUALA LUMPUR- Prime Minister Najib Tun Razak launches Kerinchi Residency and 1Wilayah Persekutuan feast for ...

  • Optimism among businesses in Britain's services sector is now higher than at any time since June's vote to leave the European Union, despite the prospect of rising costs and prices eroding profits, a major business survey showed on Monday. The Confederation of British Industry said optimism about the outlook among business …

  • The LSE said in a statement late on Sunday that the commission had asked it to sell its 60 percent stake in fixed-income trading platform MTS to satisfy antitrust concerns over the merger of Europe's two largest market operators. "Based on the commission's current position, LSE believes that the commission is unlikely …

  • A man walks past the London Stock Exchange in the City of London

    The LSE said in a statement late on Sunday that the commission had asked it to sell its 60 percent stake in fixed-income trading platform MTS to satisfy antitrust concerns over the merger of Europe's two largest market operators. "Based on the commission's current position, LSE believes that the commission is unlikely …

  • (Reuters) - Japan's SoftBank Group Corp (9984.T) is close to finalising an investment in U.S. office-sharing startup WeWork in a deal expected to be worth over $3 billion, CNBC reported on Sunday. The ...

  • A man talks on the phone as he stand in front of an advertising poster of the SoftBank telecommunications company in Tokyo

    The investment under discussion is a $2 billion primary tranche of funding, followed by a secondary round worth more than $1 billion, CNBC reported, citing a source. SoftBank may increase the size of the secondary investment to nearly $2 billion for a total investment of nearly $4 billion, CNBC added. SoftBank could not …

  • A pump jack is seen at sunrise near Bakersfield

    Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as a historic OPEC output cut slashes supply. The switch may foreshadow the end of a global oil glut that built up during a two-year price war. On Friday …

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