<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 16): Shares of Malaysian Bulk Carriers Bhd (Maybulk) fell 4.32% in early trade this morning after its net loss widened 38% on-year to RM33.21 million in the first quarter ended March 31, 2017 (1QFY17), on losses from its associate, PACC Offshore Services Holdings Ltd or POSH.</p></div>

<div class=newsTextDataWrapInner><p>At 9.12m, Maybulk fell 3.5 sen to 77.5 sen with 579,900 shares traded.</p></div>

<div class=newsTextDataWrapInner><p>In comparison, it recorded a net loss of RM24.08 million in 1QFY16. Revenue for the quarter grew 21% to RM64.96 million from RM53.5 million a year earlier, its bourse filing today showed.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Maybulk said POSH widened its net attributable loss to US$18.38 million in 1QFY17 from US$4.451 million in 1QFY16, bringing Maybulk’s share of losses to RM17.37 million.</p></div>

KUALA LUMPUR (May 16): Shares of Malaysian Bulk Carriers Bhd (Maybulk) fell 4.32% in early trade this morning after its net loss widened 38% on-year to RM33.21 million in the first quarter ended March 31, 2017 (1QFY17), on losses from its associate, PACC Offshore Services Holdings Ltd or POSH.

Maybulk falls 4.32% on wider 1Q loss

Russia attacked Ukraine's energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an "inhuman" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.

Russia launches 'inhuman' Christmas Day attacks, Ukraine says

Talks between China and Japan's foreign ministers in Beijing have paved way for Japan to host China's foreign affairs chief next year, and mutual agreement to hold a security dialogue as soon as possible, Japan said on Wednesday.

China, Japan foreign ministers agree visit, security dialogue

Japan's Nippon Steel is seeing support for its proposal to acquire US Steel in the regions of the US where steel mills are located, Nippon Steel's President Tadashi Imai told reporters on Wednesday.

Nippon Steel's US Steel takeover plan has support in steelmaking areas, executive says

China refrained from cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.

China avoids rate cut to keep ammunition for future pressure

South Korea's suspended President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.

South Korea's Yoon defies second agency summons over martial law

An Embraer passenger plane flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying that 32 people had survived.

Azerbaijan Airlines plane crashes in Kazakhstan, many feared dead

The price of a litre of RON95 petrol will remain unchanged at RM2.05, while the retail price of RON97 will increase by three sen from RM3.22 per litre to RM3.25 per litre from Thursday to Jan 1, 2025.

RON95, diesel prices unchanged, RON97 up three sen

China stocks closed roughly flat on Wednesday, as gains in energy shares offset losses in small-cap shares, while the Hong Kong market was closed for a public holiday.

China stocks close flat, energy gains offset small-cap losses

Japan's Nikkei share average reversed early losses to end higher on Wednesday, driven by gains in the auto sector although trade was dominated by retail investors, who bought back cheap stocks in muted trade with many global markets closed for the holidays.

Japan's Nikkei reverses course, ends higher as autos rise

Prime Minister Datuk Seri Anwar Ibrahim has assured that the Madani government will provide full cooperation if efforts to locate Malaysia Airlines flight MH370 yield results.

Anwar: Govt will fully cooperate if MH370 search yields results

<p>Russia attacked Ukraine's energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an "inhuman" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.</p>
