Tue06272017

LAST_UPDATEFri, 30 Jun 2017 8am

In Disaster's Wake, BP Doubles Down On Deepwater Despite Surging Shale

Pic: Reuters

About 300 BP workers commute 150 miles here by helicopter, from the Louisiana coast to a deep-sea drilling platform that can produce more oil in a day than a West Texas rig can pump in a year.

Read more: In Disaster's Wake, BP Doubles Down On Deepwater Despite Surging Shale

George Soros' Eldest Son To Resign As President Of Soros Fund

Pic: Reuters

Robert Soros, the eldest son of George Soros, is stepping down as deputy chairman and president of Soros Fund Management, a spokesman for the fund told Reuters.

Read more: George Soros' Eldest Son To Resign As President Of Soros Fund

M'sian Companies Ink 4 MOUs Over USD50mil At Astana Expo 2017

Pic: NST

ASTANA: Malaysia has signed four memorandum of understanding (MOUs) worth over USD50 million this week at the Astana Expo 2017.

Read more: M'sian Companies Ink 4 MOUs Over USD50mil At Astana Expo 2017

China's Geely Buys Big Stakes In Proton, Lotus For Discounted Price Of US$235 Mil

Pic: Asia Nikkei

KUALA LUMPUR -- Chinese automaker Zhejiang Geely Holding Group agreed on Friday to purchase stakes of 49.9% in Proton Holdings of Malaysia and 51% in Lotus of the U.K., both owned by Malaysian automotive group DRB-Hicom, for a total of $235 million.

Read more: China's Geely Buys Big Stakes In Proton, Lotus For Discounted Price Of US$235 Mil

Can China’s Central Bank Mint An Answer To Bitcoin?

Pic: South China Morning PostThe love-hate relationship of China’s central bank with digital money shows no signs of resolving soon, as investors continue to back the industry leading bitcoin while Beijing lays the foundation for its own sovereign cryptocurrency.

Read more: Can China’s Central Bank Mint An Answer To Bitcoin?

Oil Edges Up, But Set For Worst First Half Performance In 20 Years

Pic: ReutersSINGAPORE: Oil edged up on Friday, recovering slightly from steep falls earlier in the week, but is set for the worst performing first-half in two decades despite ongoing production cuts.

Read more: Oil Edges Up, But Set For Worst First Half Performance In 20 Years

Affin Bank, Affin Islamic Appoint New Chairman

Pic: Bernama

KUALA LUMPUR: Affin Bank Bhd has appointed Gen (R) Tan Sri Dr Mohd Zahidi Zainuddin as non-independent non-executive Chairman with effect from today.

Read more: Affin Bank, Affin Islamic Appoint New Chairman

Geely Signs Final Contract With DRB-Hicom

KUALA LUMPUR - Chinese carmaker, Zhejiang Geely Holding Group, has signed a final contract with DRB-Hicom Bhd, acquiring 49.9 per cent of the latter and 51 per cent stake in luxury sports car brand Lotus.

Read more: Geely Signs Final Contract With DRB-Hicom

Argentina Spotlights Value Of Joining China-Led AIIB

Luis Caputo.

BUENOS AIRES -- An Argentina minister on Thursday underscored the importance of his country's joining the Asian Infrastructure Investment Bank (AIIB), a development initiative led by China.

Read more: Argentina Spotlights Value Of Joining China-Led AIIB

Oil's Slide Boosts Gold Futures

KUALA LUMPUR, June 22 -- The slide in crude oil prices has given the 'safe haven' assets a boost, lifting the gold futures contracts on Bursa Malaysia Derivatives today.

Read more: Oil's Slide Boosts Gold Futures