Asia's diesel production margins are under increasing pressure due to an oversupply as major exporters ramp up shipments and fewer cargoes are directed towards Europe due to Red Sea shipping concerns, Reuters reported on Monday.
The profit margin, (...)
Malaysia's ringgit has emerged as one of the strongest performers among Asian currencies this month, providing investors with an added incentive to consider purchasing the nation's bonds, Bloomberg reported.
The currency has shown a notable 0.5 per (...)
Singapore witnessed an 8 per cent increase in middle distillates stockpiles, the highest level since September 2021, as per a Reuters report.
Net exports of diesel-gasoil and jet fuel-kerosene decreased by 98 and 26 per cent, (...)
Singapore-based investor Patience Capital Group (PCG) is considering reopening its $1.42 billion luxury ski project fund in Japan to new investors before the Bank of Japan (BOJ) tightens its policies, Reuters reported on Thursday.
The initial (...)
Iron ore prices continued to decline due to concerns about China's economic outlook, with futures approaching $100 per tonne, a level that could impact higher-cost producers, as reported by Bloomberg on Wednesday.
The commodity dropped over five per (...)
Oil prices saw a marginal increase, with Brent futures nearing $83 a barrel and West Texas Intermediate crude surpassing $78, Bloomberg reported on Tuesday.
This comes ahead of a series of market reports and US inflation data due for release on (...)
A possible tax advantage is motivating US companies like PepsiCo Inc. and International Business Machines Corp. to issue bonds via their Singapore-based subsidiaries, contributing to a historic increase in bond sales from entities based in the (...)
China is willing to collaborate with New Zealand to enhance co-operation in the process of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Reuters reported on Monday, citing state Commerce Minister.
The (...)
Slowing financial stress on a global scale has made the yen-financed carry trades more attractive. This, however, increases the risk of depreciation for the currency, potentially prompting intervention from Japanese authorities, Bloomberg (...)
Alibaba Group Holding Ltd. revealed a broader network of Chinese government stakes in its business units, in response to an inquiry from the US Securities and Exchange Commission, Bloomberg reported on Monday.
The company disclosed this information (...)
Singapore's United Overseas Bank (UOB) announced on Thursday that it is reducing its loan growth projections for 2024 to low single-digits, down from mid-single-digits, following a stronger-than-expected 22 per cent increase in net profit for the (...)
The Prime Minister of Thailand Srettha Thavisin requested that the central bank call an emergency meeting of its Monetary Policy Committee to lower interest rates, citing that the country's economy was in a crisis based on the most recent data, (...)
Singapore will compel all departing flights to use sustainable aviation fuel (SAF) starting in 2026, which aligns with the global aviation industry's shift towards greener fuel, the city-state's transport minister announced on Monday, as reported by (...)
Olam Group's Singapore-listed shares saw the biggest jump in nearly 15 years after the commodities trader said that its investigation had turned up no evidence to back up claims of a reported scandal at its Nigerian units, Bloomberg reported on (...)
Sapporo Holdings, a Japanese brewing company, is making a bold move in its significant history by decisively shifting its focus back to the beer business. Sapporo is planning to announce its business portfolio restructuring at the earliest (...)
China's C919, a challenger to Airbus and Boeing's passenger jets, made its first trip outside China territory at the Singapore Airshow on Sunday, Reuters reported.
The narrow-body aircraft is manufactured by the Commercial Aircraft Corporation of (...)
Fuel sales in Singapore, one of the busiest ports in the world, are rising as a result of the Red Sea shipping crisis, as per a Bloomberg report on Thursday.
According to data from the port authority, sales volumes increased by 12 per cent in (...)
Bitcoin weathered a strong U.S. inflation report that unsettled global markets and dampened expectations for quick interest rate cuts.
As of 10:21 a.m. Wednesday in Singapore, the digital currency traded at $49,500, close to its highest level in (...)
Oil rose slightly as traders still anticipate the Organisation of the Petroleum Exporting Countries (OPEC+) market outlook. The cartel is still imposing supply curbs to support prices, and with indications that the physical crude market is (...)
Oil prices in early Asian trade fell on Monday after Israel announced the conclusion of a series of strikes in southern Gaza, easing concerns about supply from the Middle East, Reuters reported.
Brent crude futures dropped by 0.4 per cent to $81.88 (...)
Egypt's General Authority for Investment and Free Zones (GAFI) signed a Memorandum of Understanding (MoU) with HSBC Bank Egypt to bolster GAFI's strategy of drawing foreign direct investment (FDI) into Egypt, the Egyptian Cabinet announced on (...)
UK's CMC Markets Plc, a leading global provider of online retail and institutional platform technology, said on Monday that it would reduce 17 per cent of its global workforce by approximately 200 positions.
The company expects to incur a one-off, (...)
Energy security is expected to dominate international executives and government officials gathering in India, as the country manages the effects of Red Sea unrest, increased sanctions against Russia, and an impending general election, Bloomberg (...)
Gautam Adani's renewable energy unit secured funds to repay its $750 million bond due in September, with some of the money coming from Adani and his associates' personal funds, the company stated on Monday, according to Bloomberg.
Adani Green Energy (...)
Terraform Labs filed for Chapter 11 bankruptcy in the United States according to court papers filed on Sunday and cited by Reuters on Monday.
The Singapore-based company is behind the stablecoin TerraUSD which has collapsed and roiled cryptocurrency (...)