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Tuesday 07 May 2024

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1999-01-01

2024-05-02

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Search Results

07 May 2024, 06:02 am

Israel says a cease-fire plan backed by Hamas falls far short(May 7): The Palestinian militant group Hamas said it had agreed to a cease-fire proposal for the Gaza Strip, but Israel’s war cabinet unanimously rejected it as “far from Israel’s necessary demands,” dashing hopes for an immediate pause in the fighting. Israel vowed to continue “its op...

By Fares Akram, Dana Khraiche and Galit Altstein / Bloomberg

07 May 2024, 06:02 am

07 May 2024, 05:50 am

Reuters wins two Pulitzers, ProPublica takes coveted public service award(May 7): Reuters won two Pulitzer Prizes on Monday, taking home the breaking news photography award for searing images of the Israel-Gaza conflict as well as the national reporting award for a series of investigations into Elon Musk's manufacturing empire. ProPublica won the coveted pub...

By Joseph Ax and Eric Beech / Reuters

07 May 2024, 05:50 am

Highlight

07 May 2024, 01:09 am (Updated)

Hamas says it agrees to ceasefire proposal in Gaza warMilitant group Hamas on Monday agreed to a ceasefire proposal in the seven-month-old war with Israel in Gaza, hours after the Israeli military told residents to evacuate some parts of Rafah, which has been sheltering more than a million displaced people. Hamas chief Ismail Haniyeh informed Qatari and Egyptian mediators that the group accepted their ceasefire proposal, according to a brief statement from Hamas, which gave no details of the accord.

By Mohammed Salem and Nidal al-Mughrabi / Reuters

07 May 2024, 01:09 am (Updated)

07 May 2024, 12:51 am

Saudi Arabia warns Israel against targeting Gaza's RafahCAIRO (May 6): Saudi Arabia warned Israel against targeting Rafah as part of what it called a "bloody and systematic" campaign to storm all areas of Gaza and displace its citizens, the foreign ministry said in a statement on Monday. ...

By Reuters / Reuters

07 May 2024, 12:51 am

07 May 2024, 12:46 am

Biden presses Netanyahu against Rafah invasion in GazaUS President Joe Biden pressed Israeli Prime Minister Benjamin Netanyahu not to go ahead with a large-scale Israeli military offensive in the southern Gaza city of Rafah on Monday, hours after Israel told Palestinians to evacuate parts of the area. The White House said Biden reiterated his "clear position on Rafah," which has been that Israel should not proceed with an invasion plan unless it shows how to protect hundreds of thousands of Palestinian civilians there.

By Steve Holland / Reuters

07 May 2024, 12:46 am

Precious Metals

07 May 2024, 12:27 am (Updated)

Gold gains on soft dollar, rate cut hopesGold prices climbed more than 1% on Monday, as the US dollar weakened after softer-than-expected US jobs data fueled expectations of potential interest rate cuts by the Federal Reserve later this year. Spot gold rose 0.8% to US$2,320.95 per ounce by 1503 GMT. US gold futures GCcv1 for June delivery also gained 0.9% to US$2,329.70 per ounce.

By Rahul Paswan / Reuters

07 May 2024, 12:27 am (Updated)

OIL & GAS

07 May 2024, 12:21 am (Updated)

Oil climbs as Gaza tensions rise, Saudi Arabia hikes pricesOil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil-producing region. Brent crude futures LCOc1 were up 43 cents, or 0.5%, to US$83.39 a barrel at 1300 GMT, while US West Texas Intermediate crude futures CLc1 were at US$78.62 a barrel, up 51 cents, or 0.7%.

By Noah Browning / Reuters

07 May 2024, 12:21 am (Updated)

06 May 2024, 10:57 pm

Israel strikes Gaza city of Rafah after evacuation orderIsrael's military carried out airstrikes in Rafah on Monday, residents said, hours after Israel told Palestinians to evacuate parts of the southern Gaza city where more than a million people uprooted by the war have been sheltering. Fears are growing of a full-blown assault in Rafah, long threatened by Israel, against holdouts of the Palestinian militant group Hamas as ceasefire talks in Cairo stall. Hamas official Izzat al-Rashiq said in a statement that any Israeli operation in Rafah would put the truce talks in jeopardy.

By Mohammed Salem and Nidal al-Mughrabi / Reuters

06 May 2024, 10:57 pm

06 May 2024, 06:50 pm

Biden to meet Jordan’s King Abdullah as Gaza ceasefire hopes dimWASHINGTON (May 6): US President Joe Biden will meet Middle East ally, Jordan’s King Abdullah II, at the White House on Monday, with prospects for a Gaza ceasefire appearing slim and Palestinian Islamist group Hamas and Israeli officials blaming each other for the impasse.

By Nandita Bose & Steve Holland / Reuters

06 May 2024, 06:50 pm

Global Markets

06 May 2024, 06:01 pm (Updated)

World shares climb on Fed cut bets, China gains; yen weakensGlobal stocks ticked higher on renewed bets that the Federal Reserve would likely ease interest rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.

By Nell Mackenzie & Rae Wee / Reuters

06 May 2024, 06:01 pm (Updated)

Star Media, Ho Hup Construction, Sin-Kung Logistics, Ireka, Niche Capital, Favelle Favco, KKB Engineering and RHB Bank

EPF initiates legal action against Ireka unit over unpaid contributions

Swiss Army Knife goes blade-less as weapons regulations tighten

Seng Fong’s net profit jumps over threefold in 3Q; share price hits all-time high

Goldman Sachs criminal case over 1MDB formally ends

HLIB anticipates Samaiden to post a stronger 2H24 earnings

MORNING CALL: 7/5/24

SP Setia poised to resume its uptrend, says RHB Retail Research

Mercury Securities values Main Market-bound Feytech at 95 sen

Bursa Malaysia's 2023 IPOs largely deliver gains without major exits

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