Palm oil stockpiles in Malaysia climbed at the fastest pace in five months as a sharp drop in exports overshadowed weaker production in the world’s second-largest grower. Inventories in May climbed 5.2% from a month earlier to 2.43 million tons, according to data released by the Malaysian Palm Oil Board on Wednesday. The gain was more than double the 2.2% rise forecast in a Bloomberg survey . The ...
Palm oil stockpiles in Malaysia climbed at the fastest pace in five months as a sharp drop in exports overshadowed weaker production in the world’s second-largest grower. Inventories in May climbed 5.2% from a month earlier to 2.43 million tons, according to data released by the Malaysian Palm Oil Board on Wednesday. The gain was more than double the 2.2% rise forecast in a Bloomberg survey . The buildup reflects a sharp slowdown in overseas shipments as buyers flocked to discounted Indonesian cargoes following Jakarta’s overhaul of its key commodity exports. Malaysian exports fell about 14% to a one-year low of 1.11 million tons, compared with estimates for a 6.2% drop. While there were initial expectations that the new Indonesian regime — announced late last month — would divert demand to Malaysia, that has yet to materialize. Instead, buyers in key markets including India and China have been scooping up more attractively priced Indonesian supplies. Competition between the two neighboring countries may intensify in the coming months as Indonesian exporters rush to move cargoes before the state-controlled framework is fully implemented. The top producer, which supplies more than half the world’s palm oil, began a transition phase this month and is still ironing out key operational details, with a review due in three months. Companies can continue conducting transactions for now, which has created an incentive for refiners and exporters to push out supplies before tighter controls are enforced. Malaysia’s crude palm oil production , meanwhile, fell 7% to 1.52 million tons, according to MPOB, compared with estimates for a 4.9% decline. Imports slumped 42% to 43,816 tons, the data showed. Investors are also watching Malaysian cargo surveyor data for the first 10 days of June, due to be released later on Wednesday, for clues on how buyers are reacting to Indonesia’s new rules. Indonesia Authorities Question Maybank Staff Over Salim Exports Oil Climbs After Fresh US Str...
LewisTsePuiLung Wang Chuanfu, chairman and president of BYD Company ( BYDDF ), expressed confidence in the company and predicted it would become the world's No. 1 carmaker within five years, urging shareholders to remain patient despite a steep decline in its share price. BYD's ( BYDDF ) stock has fallen about 37% over the past year amid intense competition from local rivals including Geely ( GELY...
LewisTsePuiLung Wang Chuanfu, chairman and president of BYD Company ( BYDDF ), expressed confidence in the company and predicted it would become the world's No. 1 carmaker within five years, urging shareholders to remain patient despite a steep decline in its share price. BYD's ( BYDDF ) stock has fallen about 37% over the past year amid intense competition from local rivals including Geely ( GELYF ) and Xpeng ( XPEV ), while weaker domestic demand and shrinking profit margins have overshadowed the company's technological advances and overseas expansion. Speaking at BYD's 2025 annual shareholders' meeting in Shenzhen on Tuesday, Wang said the market broadly recognizes the automaker's growth prospects but argued that its current share price does not accurately reflect the company's true value. Addressing shareholders, Wang said management remains confident BYD will deliver stronger returns as it advances through key development milestones. BYD is seeking to offset slowing domestic momentum through overseas expansion, particularly in markets where trade barriers remain relatively low. Wang attributed the industry's first-quarter weakness to a demand pull-forward effect caused by China's reduction in NEV tax incentives, which encouraged consumers to advance purchases into late 2025 and left automakers grappling with weaker demand, intensified competition, and margin pressure at the start of 2026. He acknowledged that BYD's second-generation Blade Battery remains the company's primary growth bottleneck this year as the automaker ramps up production. "BYD will truly become the No. 1 automaker globally in terms of scale in five years," Wang said, citing the company's strong export growth and technological advancements. He added that overseas sales this year are expected to exceed the company's original target of 1.6M vehicles. More on BYD Co ADR Of The Makers Of New Electric Supercars, BYD Shares Are Preferable To Ferrari's Toyota Vs. BYD Represents A Classic Value Vs. Gr...
(RTTNews) - Rockwell Automation, Inc. (ROK), a provider of industrial automation and digital transformation technologies, on Tuesday announced that its board of directors authorized the company to spend up to an additional $1 billion to repurchase shares of its common stock.
(RTTNews) - Rockwell Automation, Inc. (ROK), a provider of industrial automation and digital transformation technologies, on Tuesday announced that its board of directors authorized the company to spend up to an additional $1 billion to repurchase shares of its common stock.
Mohamed Nadheem/iStock via Getty Images Iran reportedly targeted several Gulf countries after the U.S. launched attacks on the Middle Eastern nation earlier on Tuesday stateside. Jordan’s military said Wednesday local time that it had intercepted five Iranian missiles, according to state media , while Bahrain sounded alarms and Kuwait activated its air defenses to intercept “hostile aerial targets...
Mohamed Nadheem/iStock via Getty Images Iran reportedly targeted several Gulf countries after the U.S. launched attacks on the Middle Eastern nation earlier on Tuesday stateside. Jordan’s military said Wednesday local time that it had intercepted five Iranian missiles, according to state media , while Bahrain sounded alarms and Kuwait activated its air defenses to intercept “hostile aerial targets.” U.S. forces on Tuesday evening launched strikes against Iran “in response to yesterday’s downing of a U.S. Army Apache helicopter,” U.S. Central Command said. The “self-defense strikes” are “a proportional response to unjustified Iranian aggression,” Centcom said in an X post. Brent futures ( CO1:COM ) ticked up 0.2% to $91.62/bbl at press time, while U.S. West Texas Intermediate crude ( CL1:COM ) advanced 0.3% to $88.47. In a post later on Tuesday stateside, Centcom said that it had completed its military action, having hit Iranian air defense, ground control stations, and surveillance radar sites near the Strait of Hormuz. More on Crude Oil Futures What History Reveals About Today's Crude Oil Volatility Commodities: Middle East Re-Escalation Sends Oil Higher Markets Edge Higher As Friday's Rout Recovery Continues Oil rises modestly after U.S. military hits back at Iran over helicopter attack U.S. crude stockpiles fell 9.1M barrels last week, API says
Lucy Punch confirms her position as one of the great sitcom grotesques. Plus: an undercover investigation into high street crime. Here’s what to watch this evening 9pm, BBC One It’s prom night for Georgie. Clearly, this event is right in Amanda’s wheelhouse, but her determination to muscle in on her daughter’s world is foiled by a kid with richer, more ostentatious parents. Still, at least Amanda ...
Lucy Punch confirms her position as one of the great sitcom grotesques. Plus: an undercover investigation into high street crime. Here’s what to watch this evening 9pm, BBC One It’s prom night for Georgie. Clearly, this event is right in Amanda’s wheelhouse, but her determination to muscle in on her daughter’s world is foiled by a kid with richer, more ostentatious parents. Still, at least Amanda can host the pre-party, even if her appalling mother, Felicity (Joanna Lumley), is stinking up the place. As this series ends, Amanda (brilliantly brought to life by Lucy Punch) has sealed her position as one of the great grotesque sitcom characters. Phil Harrison Continue reading...
ARCpoint ( ARCPF ) has appointed Peter Kendall as interim CEO, effective June 9, 2026. The executive appointment remains subject to customary acceptance and review procedures by the TSX Venture Exchange. Kendall succeeds John Constantine, who has stepped down as President and CEO. Constantine will transition his focus toward driving the healthcare technology company’s sales, marketing, and commerc...
ARCpoint ( ARCPF ) has appointed Peter Kendall as interim CEO, effective June 9, 2026. The executive appointment remains subject to customary acceptance and review procedures by the TSX Venture Exchange. Kendall succeeds John Constantine, who has stepped down as President and CEO. Constantine will transition his focus toward driving the healthcare technology company’s sales, marketing, and commercial development initiatives, specifically prioritizing the expansion of the MyARCpointLabs (MAPL) software platform. He will retain his seat as a director on ARCpoint's Board. Under the terms of the engagement, Kendall’s initial term will run for 90 days. During this evaluation window, he is tasked with reviewing the company's underlying business model, corporate assets, commercial partnerships, and the MAPL platform to deliver strategic recommendation pathways to the Board. More on ARCpoint Financial information for ARCpoint