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KUALA LUMPUR, April 28 (Reuters) -- The United Arab Emirates said on Tuesday it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy.
By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, April 21 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Tuesday, recovering from the lowest levels seen in nearly six weeks, thanks to robust buying interest, according to a futures broker firm.
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, April 13 (Bernama) -- A lack of unity among the countries in the Gulf Cooperation Council (GCC) appears to be one of the factors contributing to the increasing complexity of the war in Iran, according to an academic.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 25 (Bernama) -- The ringgit weakened against the US dollar and other major currencies at Wednesday’s close on cautious sentiment as investors await clearer signs of de‑escalation in the Iran war.
SINGAPORE, March 18 (Bernama) -- Maybank Research Pte Ltd (MRPL) has revised Singapore's gross domestic product (GDP) growth forecast to 3.4 per cent in 2026, down from its earlier projection of 3.6 per cent, amid ongoing West Asia conflicts.
KUALA LUMPUR, March 12 (Bernama) -- The ringgit extended gains against the US dollar and other currencies at Thursday’s opening, supported by stabilising oil prices following the International Energy Agency’s (IEA) decision to release additional supply into the market, an economist said.
By Zufazlin Baharuddin
KUALA LUMPUR, March 11 (Bernama) -- Bursa Malaysia remained higher at midday, tracking the upbeat performance of most regional peers.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 10 (Bernama) -- The ringgit ended higher against the US dollar and other major currencies at Tuesday's close following a sharp drop in crude oil prices amid comments from US President Donald Trump suggesting the war in Iran could end soon.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 9 (Bernama) -- The ringgit eased against the US dollar and other major currencies on Monday as heightened geopolitical risks strengthened the greenback after Brent crude oil prices surged sharply, with the local currency continuing to be affected by the ongoing war in Iran.
By Siti Noor Afera Abu
KUALA LUMPUR, March 5 (Bernama) -- The ringgit remained in a narrow trade and closed lower against the US dollar on Thursday, as heightened tensions in the Middle East weighed on market sentiment and supported the greenback.
KUALA LUMPUR, March 4 (Bernama) -- The ringgit snapped a three-day losing streak to close higher against the US dollar on Wednesday, supported by renewed demand for the local currency, although trading remained range-bound as traders and investors stayed cautious in view of geopolitical risks.
KUALA LUMPUR, March 2 (Bernama) -- Bank Negara Malaysia (BNM) is likely to keep the Overnight Policy Rate (OPR) at 2.75 per cent when the Monetary Policy Committee (MPC) meets this Thursday, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.
