Wed06202018

LAST_UPDATEWed, 20 Jun 2018 12pm

Oil Eases; OPEC Cites Uncertain Market Outlook For 2018

Pic: ReutersLONDON: Oil prices eased on Tuesday, paring earlier gains, although volatility subsided to its lowest in three weeks, as investors prepared for a key meeting of the OPEC producer group next week.

Read more: Oil Eases; OPEC Cites Uncertain Market Outlook For 2018

Trump, In Trade Feud With Allies, Say Won't Let Them Take Advantage Of U.S

Pic: ReutersSINGAPORE: U.S. President Donald Trump on Tuesday kept up his feud with America’s closest allies over trade, saying he could not allow them to continue taking advantage of the United States.

Read more: Trump, In Trade Feud With Allies, Say Won't Let Them Take Advantage Of U.S

Louboutin Wins EU Court Battle Over Trademark Red Soles

Pic: ReutersBRUSSELS: Christian Louboutin’s battle to protect his trademark red soles was given a lift on Tuesday when the European Union’s top court said they did not consist exclusively of a shape, which are usually not protected under EU trade mark law.

Read more: Louboutin Wins EU Court Battle Over Trademark Red Soles

Proton Sales Grow 2.3 Per Cent In May, Despite Bearish Sentiment

KUALA LUMPUR: Sales of Proton cars rose 2.3 per cent to 4,091 units last month from 3,999 units in April, despite the overall uncertain sentiments in the market.

Read more: Proton Sales Grow 2.3 Per Cent In May, Despite Bearish Sentiment

Financial Crime Task Force Eyeing Binding Crypto Exchange Rules: Japan Official

TOKYO - International financial crime-fighting group Financial Action Task Force (FATF) will start discussions later this month on introducing binding rules governing cryptocurrency exchanges, a Japanese government official familiar with the matter said on Tuesday.

Read more: Financial Crime Task Force Eyeing Binding Crypto Exchange Rules: Japan Official

Malaysia Requests Yen Credit From Japan

TOKYO – Malaysian Prime Minister Tun Dr Mahathir Mohamad said Tuesday he has asked Japan to extend a yen credit to Malaysia to which his counterpart Shinzo Abe said he would consider the request.

Read more: Malaysia Requests Yen Credit From Japan

OK Group Seeks Apology From 6 Portals, Social Media Sites

JASIN -- Malaysian traditional herbal drink producer Orang Kampung Holdings (M) Sdn Bhd (OK Group) has sought an apology from six news portals and social media sites for allegedly spreading false news about the company.

Read more: OK Group Seeks Apology From 6 Portals, Social Media Sites

IMF's Lagarde Says Global Economic Outlook Darkening By The Day

Pic: ReutersBERLIN: International Monetary Fund chief Christine Lagarde led an attack by global economic organizations on U.S. President Donald Trump’s “America First” trade policy on Monday, warning that clouds over the global economy “are getting darker by the day”.

Read more: IMF's Lagarde Says Global Economic Outlook Darkening By The Day

Syed Mokhtar's Daughter Joins Gas Malaysia Board

KUALA LUMPUR: Gas Malaysia Bhd has appointed Sharifah Sofia Syed Mokhtar Shah as the company’s non-executive director.

Read more: Syed Mokhtar's Daughter Joins Gas Malaysia Board

Sapura Energy Discovers Ninth Gas Discovery Offshore Sarawak

KUALA LUMPUR: Sapura Energy Bhd’s subsidiary Sapura Exploration and Production (Sarawak) Inc (Sapura E&P), together with its partners Sarawak Shell Bhd and Petronas Carigali Sdn Bhd, has discovered its ninth gas exploration well in offshore Bintulu, Sarawak.

Read more: Sapura Energy Discovers Ninth Gas Discovery Offshore Sarawak