OPEC may decide to ease oil supply curbs in June: sources
OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply and after Washington raised concerns the oil rally was going too far, OPEC and oil industry sources familiar with the discussions told Reuters.
KUALA LUMPUR (Aug 17): Kejuruteraan Asastera Bhd (KAB) surged as much as 5.5 sen or 22% to 31 sen after the electrical and mechanical engineering specialist reported that second quarter net profit more than doubled to RM3.27 million from RM1.34 million a year earlier.
KAB said net profit for the first half ended June 30, 2018 (1HFY18) rose to RM5.62 million from RM3.23 million a year earlier.
At 10:24am today, the stock pared gains at 28.5 sen with some 21 million shares exchanging hands.
TOKYO (Aug 16): Asian shares hit fresh one-year lows in early trading on Thursday, while oil and precious metal prices also tumbled as Turkey's currency crisis and fears of an economic slowdown in China fanned worries about global growth.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.0%, while Japan's Nikkei and the Australian benchmark dropped 1.2% and 0.4%, respectively.
Chinese stocks continued to sag, with the Shanghai Composite Index and Hong Kong's Hang Seng index shedding 1.1% and 0.9%, respectively.