Tue05302017

LAST_UPDATEMon, 29 May 2017 11pm

Oil Rises On Expectation Of Extended, Possibly Deepened Output Cut

Pic: Reuters

SINGAPORE: Oil rose on Monday, pushed by reports that an OPEC-led supply cut may not just be extended into 2018 but might be deepened to tighten the market and prop up prices.

Read more: Oil Rises On Expectation Of Extended, Possibly Deepened Output Cut

ASEAN Auto Demand To Continue Rising In 2017

HANOI -- ASEAN auto demand is forecast to continue rising for the remaining year, despite market saturation, Vietnam News Agency (VNA) reported, citing a survey by the Financial Times' Confidential Research (FTCR) for the region in the first quarter of this year.

Read more: ASEAN Auto Demand To Continue Rising In 2017

SME Corp Targets 1,500 New Smes For DFTZ Platform This Year

KUALA LUMPUR: SME Corp Malaysia is targeting 1,500 new small-and-medium enterprises (SMEs) to join the Digital Free Trade Zone (DFTZ) platform this year.

Read more: SME Corp Targets 1,500 New Smes For DFTZ Platform This Year

LA Disneyland Turns Away Hundreds Of Visitors After Hitting Capacity

LOS ANGELES -- Disneyland hit its capacity and closed its gates to hundreds of visitors this weekend, for the second time in five months, China's Xinhua news agency reported.

Read more: LA Disneyland Turns Away Hundreds Of Visitors After Hitting Capacity

7-Eleven Becomes First Retailer In Malaysia To Accept Alipay

KUALA LUMPUR -- 7-Eleven Malaysia Bhd is the first retailer in Malaysia to accept the Alipay mobile wallet payment.

Read more: 7-Eleven Becomes First Retailer In Malaysia To Accept Alipay

Investors Pull Cash From U.S. Stock Funds For Third Week: Lipper

U.S. fund investors pivoted from domestic stocks to bonds and international equities during the latest week, Lipper data showed on Thursday, amid upheaval for the Trump administration and fears that Washington will not enact market-boosting policies.

Read more: Investors Pull Cash From U.S. Stock Funds For Third Week: Lipper

Tencent Notches New Record High, Helping Push Hong Kong Stocks Into Positive Territory

Pic: SCMPHong Kong stocks opened modestly higher on Monday, with Chinese online major Tencent Holdings notching new high.

Read more: Tencent Notches New Record High, Helping Push Hong Kong Stocks Into Positive Territory

Hainan Airlines To Buy $4.2 Billion Of Planes, Issue Bonds

Pic: Reuters

Hainan Airlines Holding (600221.SS) said it plans to spend 28.9 billion yuan ($4.2 billion) on planes and issue 15 billion yuan of convertible bonds.

Read more: Hainan Airlines To Buy $4.2 Billion Of Planes, Issue Bonds

OPEC Heads Towards Supply Cut Extension As Saudi Signals Most On Board

Pic: ReutersRIYADH: OPEC and other oil producers are on course to agree an extension of supply cuts at a meeting on Thursday, with Saudi Arabia saying most participants are on board with the plan to rein in a global supply glut.

Read more: OPEC Heads Towards Supply Cut Extension As Saudi Signals Most On Board

Cathay Pacific To Cut 600 Jobs, Including 190 Management Staff: SCMP

Pic: Reuters

Hong Kong's flagship carrier Cathay Pacific Airways Ltd (0293.HK) is to sack nearly 600 staff in its biggest round of job cuts in 20 years, the South China Morning reported on Monday.

Read more: Cathay Pacific To Cut 600 Jobs, Including 190 Management Staff: SCMP