Palm oil rallied to the highest level in more than three weeks after the U.S. cut its forecast for the soybean crop, more than analysts expected, spurring a rally in the oilseed that can be crushed to produce an alternative oil.
Malaysia may restore its ability to detain people without trial following a wave of violent gun crime, two years after the practice was abolished to prevent political abuses, Home Minister Ahmad Zahid Hamidi said.
One man was executed at a traffic light, another shot four times by motorcycle assassins and a third had explosives detonated in his Jaguar car in separate incidents around Malaysia, the Star newspaper reported today.
Robert Pick, the former deputy head of the U.K.’s Marlborough College, recalls the day in 2009 when he stood atop a hill at the southern tip of Malaysia and scanned an endless sea of green palm oil trees. He strained to see the spot among the massive plantations where the private boarding school would build its first overseas branch three years later, Bloomberg Markets magazine will report in its September issue.
Etihad Airways PJSC is coordinating fleet strategy with partners including Air Berlin Plc and Jet Airways (India) Ltd. amid the “final stages” of talks with Boeing Co. and Airbus SAS on potential orders in coming decades.
Palm oil inventories in Malaysia, the largest producer after Indonesia, were probably unchanged in July at the lowest level in more than two years, according to a Bloomberg survey of growers and analysts. Futures climbed.
Palm oil advanced as output in Malaysia, the largest producer after Indonesia, probably expanded more slowly than a year earlier in July, keeping inventories at the lowest level in more than two years.