MarketWrap: Wall Street rallied 1% on Thursday, buoyed by Apple's best four-day run since 2014, higher oil prices and ho-hum economic data that further dimmed expectations for an interest rate hike next week. Brent crude futures LCOc1 settled up 74 cents, or 1.6%, at US$46.59 a barrel, after a session high at US$47. Axiata was not under any regulatory pressure to sell down its stakes in any of the regional assets it owns. - ReutersMalaysian palm export tax to dampen demand, but output under pressure: A hike in Malaysia's crude palm oil export tax for October is expected to dampen already weakening demand for the tropical oil, but likely below-average output in coming months could support prices. Both Reliance and Maxis Communications Bhd, which controls Aircel’s parent, will have equal stake and representation in the entity.

Source: The Star September 16, 2016 01:30 UTC