Crude palm oil (CPO) settled at US$895 per ton in Rotterdam (CIF) Wednesday (Sep 28), a level last seen in November 2020. Malaysian palm oil futures bottomed around the MYR 3,200 per ton mark, a level not seen since February 2021, pressured by prospects of increasing supplies and mounting fears about a global recession-driven demand downturn. It has fallen 27.59% on yearly basis.
Read MoreState-owned EPC firm Wijaya Karya (WIKA) is an interesting company to watch. The last quoted price of WIKA was Rp930 to make a market capitalization of Rp8.34 trillion, not even half of its equity (Rp17.4 trillion).
Read MoreWTI crude futures extended gains to 4% to trade above $81.5 per barrel on Wednesday, moving further away from 9-month lows touched at $76 earlier in the week, supported by concerns about tight global supplies and after the EIA...
Read MoreGold contracts gained over 2% in trading Wednesday, climbing above the 1660 USD/Oz mark as the dollar weakened, with the DXY falling nearly 1.3%. Investors are retreating into safe-haven assets as they prepare for the typically...
Read MoreRussia’s economy shrank by 4.1% year-on-year in September of 2022, compared with market expectations of a 4.8% decline. It was the fifth consecutive month of economic downturn, amid weaker domestic demand due to the...
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