Palm dips as sentiment remains bearish on U.S.-China trade war
KUALA LUMPUR (June 21): Malaysian palm oil futures were set for a fourth straight day of losses on Thursday, as weak sentiment persisted due to concerns about a trade war between China and the U.S. and on losses in U.S. soyoil.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 0.2 percent at 2,257 ringgit ($562.84) per tonne at the midday break.
Trading volumes stood at 21,518 lots of 25 tonnes each at noon.
(Sept 21): Cryptocurrencies surged on Friday as optimism surrounding Ripple Labs Inc’s plans for using a digital coin spread, lifting peers that have lost more than US$600 billion of value since January.
XRP, the cryptocurrency commonly referred to as Ripple, surged as much as 22%, taking its one-week increase to more than 75%. The Bloomberg Galaxy Crypto Index jumped 8.7%, heading for its biggest one-day gain since mid-July.
It was their dream house, the last they'd live in before moving into a retirement village, so arriving one day to find a large ugly power transformer smack bang in front of their main window was, well, a shock.