Short-sellers have Singapore stocks in their sights as the market struggles to find its footing as a smaller exchange hit hard by the commodity rout.
The chairman of embattled commodities trader Noble Group bought 10 million shares in the company on Friday.
*March 2016 WTI flips to premium over Brent. SINGAPORE, Dec 22- Oil prices edged away from multi-year lows on Tuesday as the northern hemisphere moves into the peak-demand winter season, but mild weather and ballooning supplies mean that prices are expected to remain generally low well into 2016.. Brent futures were at $36.58 per barrel at 0548 GMT, off an 11- year...
*COFCO in talks on new deal with Noble Group. SINGAPORE/ LONDON, Dec 15- China's food giant COFCO is in advanced talks to take full ownership of Noble Group's agribusiness, three sources said, a move which would cement its newfound strength in global agriculture markets and help bolster Noble's balance sheet. The sources said COFCO was in talks to buy the remaining...
LONDON, Nov 30- The London Metal Exchange has just launched two steel contracts, one for steel scrap and one for steel rebar. It's the second time the LME has tried to expand its dominant franchise in nonferrous metals markets into the ferrous space. The Shanghai Futures Exchange's steel rebar contract is by a considerable margin the most traded ferrous contract...
*Amount of Asia debt available for trading still relatively small. SINGAPORE/ HONG KONG, Nov 20- Singapore Exchange Ltd's new corporate bond trading platform is expected to travel a difficult road, with some traders fearing that long-standing problems in Asia's debt market will see the bourse struggle to make headway just like others before it.
SINGAPORE, Nov 6- Bank of China and Singapore's government trade agency International Enterprise Singapore have signed a memorandum of understanding to develop Singapore's commodity finance and trading, the two said on Friday. Singapore is Asia's main oil trading hub and its exchange, Singapore Exchange, also deals in other commodities like iron ore and...
Aiming to diversify its economy beyond oil, Abu Dhabi is creating a financial free zone with its own administration, court system and zero tax incentives designed to lure banks and companies from around the world. It has hired prominent figures from other centres to execute the project, including Hector Sants, former head of Britain's financial services...
Asia is braced for a serious case of Monday morning blues, with a barrage of data due likely to show continued economic deceleration in China.
SYDNEY, Sept 14- Imagine what crude oil trading will look like in Asia in 10 years' time. PetroChina's Chinaoil has effectively boosted the price of the benchmark Dubai crude by bidding aggressively for cargoes in the price discovery mechanism run by Platts, known as the Market on Close or colloquially as the "window." This has increased the price of Dubai crude...
Chinese stocks rebounded on Wednesday, taking the lead in a broader recovery in Asian markets.
Events in the world's biggest economy will take center stage in Asia's financial markets this week, with the Federal Reserve's policy decision and second-quarter GDP on tap.
Asian equities declined on Tuesday, as China's inflation data and the prospect of higher U.S. interest rates weighed on sentiment.
Asia's equities joined their global peers to rise on Thursday, with China's Shanghai Composite index finishing at a fresh multi-year high.
Dubbed as Asia's answer to Netflix, iflix's founder is confident that the new startup will trigger a shake-up in the industry.
Singaporean companies scored the highest marks in Asia in a ranking of corporate sustainability, highlighting the city's commitment to green living.
A halving in the price of iron ore this year has been fueled in part by Chinese speculators who built up huge short positions on the one-year-old futures contract.
DBS Group Holdings said second-quarter net profit climbed 9 percent, beating expectations with the help of 10 percent growth in loans.
Singapore, an Asian hub for banking and finance, is ramping up its bid to become a center for gold trading that may one day rival London.
There’s no let-up for Asia this week with a plethora of potentially market-moving economic data and events on the calendar.