Sat11252017

LAST_UPDATESat, 25 Nov 2017 2am

OPEC Sees Oil Rebalancing Under Way, Further Inventory Declines

Pic: ReutersOXFORD, ENGLAND: An OPEC-led supply cut deal is helping to rebalance the global oil market, OPEC’s secretary-general said on Monday, and higher demand in the rest of this year should lead to further reductions in oil inventories.

Read more: OPEC Sees Oil Rebalancing Under Way, Further Inventory Declines

Oil Prices Dip As Traders Assess U.S. Hurricane Impact

SEOUL: Oil prices edged down in early Asian trading on Tuesday, as traders weighed up the dampening effect on demand of Hurricane Irma versus refinery restarts following Hurricane Harvey that should lead to more crude oil processing.

Read more: Oil Prices Dip As Traders Assess U.S. Hurricane Impact

Hospital Shares Rise As Irma Damage Lighter Than Feared

NEW YORK - Stocks of U.S. hospital companies rose on Monday as damage from Hurricane Irma in Florida appeared to be lighter than feared.

Read more: Hospital Shares Rise As Irma Damage Lighter Than Feared

Tech, Insurers Lead Wall Street Rally As Irma, North Korea Fears Ease

Wall Street was sharply higher on Monday morning in a broad rally led by technology and financial stocks, especially insurers, on relief that Irma weakened to a tropical storm and North Korea did not conduct a nuclear test as feared.

Read more: Tech, Insurers Lead Wall Street Rally As Irma, North Korea Fears Ease

Malaysia To Bring Up Issue Of Rubber Price Stability At Conference

KUALA LUMPUR – Malaysia will bring up the issue of the stability in world rubber prices at the coming International Rubber Tripartite Conference to be held in Bangkok, Thailand on Sept 15, 2017.

Read more: Malaysia To Bring Up Issue Of Rubber Price Stability At Conference

MAHB Airports Record 7.8 Pct Passenger Growth In August 2017

KUALA LUMPUR -- Malaysia Airports Holdings Bhd’s (MAHB) network of airports, including Istanbul Sabiha Gokcen International Airport (Istanbul SGIA), grew by 7.8 per cent for August 2017 with 11.4 million passenger movements compared with the same month in 2016. 

Read more: MAHB Airports Record 7.8 Pct Passenger Growth In August 2017

Pahang Aquaculture Fish Production Targeted To More Than RM270 This Year

TEMERLOH -- The Agriculture and Agro-based Industry Ministry targets to produce aquaculture fish products valued at over RM270 million this year from Pahang, particularly Temerloh which is synonymous with the Patin fish cage culture.

Read more: Pahang Aquaculture Fish Production Targeted To More Than RM270 This Year

China's Bitcoin Exchanges Await Clarification, Markets Subdued For Now

Pic: ReutersSHANGHAI/BEIJING: China’s largest bitcoin exchanges are still awaiting clarification from the government following more media reports that Beijing is planning to ban trading of virtual currencies on domestic exchanges, but markets were largely subdued on Monday.

Read more: China's Bitcoin Exchanges Await Clarification, Markets Subdued For Now

Mercedes-Benz To Offer Electric Option For Every Car By 2022

Pic: ReutersFRANKFURT: Daimler’s Chief Executive Dieter Zetsche on Monday said Mercedes-Benz will offer electric versions of all its models by 2022, converting its Smart city car brand to become fully electric.

Read more: Mercedes-Benz To Offer Electric Option For Every Car By 2022

Thai Airways To Open New Route To Vienna

BANGKOK -- Thai Airways International (THAI), the national flag carrier, seeing a potential growth in European markets will debut a new route to Austria in November this year, Thai News Agency (TNA) reported.

Read more: Thai Airways To Open New Route To Vienna