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Palm up over 1%, hitting 2-week high on rival oil, crude oil strength
KUALA LUMPUR, July 8 : Malaysian palm oil futures surged more than 1 per cent on Wednesday, hitting a two-week high, as stronger rival edible oils supported the market and as crude oil prices rose on fresh U.S.-Iran tensions.The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivati
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Korean chip stocks flip to losses on lingering AI, memory pricing concerns
SEOUL, July 8 : Shares of South Korean chipmakers Samsung Electronics and SK Hynix reversed early gains to fall sharply on Wednesday, amid lingering concerns over slowing memory price growth and whether earnings have peaked.Samsung slid as much as 7.6 per cent and SK Hynix dropped as much as 5.2 per cent in a
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Palm rises on stronger rivals, crude oil
KUALA LUMPUR, July 8 : Malaysian palm oil futures climbed on Wednesday, tracking gains in rival edible oils and as crude oil prices rose on fresh U.S.-Iran tensions.The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 21 ringgit, or 0.46 per cent, to 4,568
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Vietnam looks at more coal power plants as Iran war complicates LNG plans
HANOI, July 8 : Vietnam’s government is considering building more coal-fired power plants to ensure it can meet its energy needs, the government said on Wednesday, as the Iran war further complicates its slow development of LNG facilities. The Southeast Asian manufacturing hub is seeking to ramp up its power
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VEGOILS – Palm rebounds on stronger rival oils, crude oil prices
KUALA LUMPUR, July 8 : Malaysian palm oil futures rose on Wednesday, after the previous session’s slight decline, supported by stronger rival edible oils and crude oil prices. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 30 ringgit, or 0.66 per cent,
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Palm rebounds on stronger rival oils, crude oil prices
KUALA LUMPUR, July 8 : Malaysian palm oil futures rose on Wednesday, after the previous session’s slight decline, supported by stronger rival edible oils and crude oil prices. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 30 ringgit, or 0.66 per cent,
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Korean chip stocks rebound after overnight US selloff, as chip supply remains tight
SEOUL, July 8 : Shares of South Korean chipmakers Samsung Electronics and SK Hynix rebounded on Wednesday after early losses, as investors bought the dip following a sharp selloff fuelled by concerns over the sustainability of the AI-driven chip boom.Samsung rose as much as 1.4 per cent and SK Hynix climbed a
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European football revenue breaks €40 billion but growth is slowing, says Deloitte
July 8 : European football surpassed €40 billion ($46 billion) in revenue for the first time in the 2024-25 season, but growth is showing signs of stalling, Deloitte said in its annual review of football finance.Football across the continent generated €40.2 billion in the season that ended in mid-2025, up
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US tariffs on Brazilian instant coffee would hit US consumers and businesses, industry says
The warning came as Brazilian coffee industry representatives attended US Trade Representative (USTR) hearings in Washington.
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