LONDON, May 15 (Reuters): Oil prices hit a 3-1/2-year high on Tuesday, supported by tight supply and planned US sanctions against Iran that are likely to restrict crude oil exports from one of the biggest producers in the Middle East.Brent crude oil LCOc1 reached $79.22 a barrel, up 99 cents...
Read moreLONDON, May 15 (AFP): British low-cost airline EasyJet slashed its first-half losses as a collapse of rivals boosted passenger numbers, but the performance was weighed down by integration costs from Air Berlin assets.Losses after tax shrank to £54 million ($73 million, 61 million euros) in the first half of the...
Read moreBENGALURU, May 15 (Reuters): Gold dipped on Tuesday, heading for a third straight day of losses as a rise in US borrowing costs supported the dollar and overshadowed the impact of strife in Gaza.Israeli troops shot dead dozens of Palestinian protesters on the Gaza border on Monday when the high-profile...
Read moreSINGAPORE, May 15: Garlock, a leading manufacturer of high-performance fluid sealing products, has expanded operations in the Asia-Pacific region as part of the strategic plan to grow in Asia outside the mature markets, says a Media OutReach release.Rubber Fab, a Garlock Hygienic Technologies company -- a recognised supplier of high...
Read moreSINGAPORE, May 15 (Reuters): Embattled commodities trader Noble Group Ltd reported a smaller quarterly net loss as it enters a make-or-break phase ahead of shareholder meetings and legal rulings that will decide the company's fate.Once Asia's largest commodity trader, Singapore-listed Noble has shrunk its business after selling billions of dollars...
Read moreKUALA LUMPUR, May 15 (Reuters): Malaysian benchmark crude palm oil futures surged to their highest in a month at the opening of trade on Monday, the first session since the stunning election defeat of a coalition that ruled the country for six decades.Veteran politician Mahathir Mohamad came out of retirement...
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