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Singapore Exchange Ltd

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  • *Shanghai rebar also hits record low, but cuts losses. SINGAPORE, March 27- Spot iron ore prices hit new record lows on Friday while futures in China and Singapore slid as much as 4 percent before paring losses, on worries that global producers would continue to lift output in a well supplied market. Iron ore prices on China's Dalian Commodity Exchange hit the daily...

  • LAUNCESTON, Australia, March 18- Should there be a debate about the efficiency and transparency of Asian's main thermal coal price indicator, the Newcastle index? The Newcastle weekly index, which underpins physical and paper trading, has jumped around this year, gaining almost 21 percent between a six-year low on Jan. 9 and a 2015 peak of $73.70 a tonne on Feb. 27.

  • HONG KONG, March 12- China is opening a free trade zone in Guangdong next week, part of its wider financial reforms that include moving to a fully convertible yuan currency and capital account liberalisation. In December, China said it would open three more FTZs- in Guangdong, Fujian and Tianjin- and these would duplicate the Shanghai model. China kicked off its...

  • --Clyde Russell is a Reuters columnist. Steel industry officials in China, the destination of two-thirds of the world's seaborne iron ore, will also tell you how their industry suffers from overcapacity, poor profits and the economy's shift to consumption-led growth. The big three miners, Brazil's Vale, BHP Billiton and Rio Tinto, along with number four, Fortescue...

  • SINGAPORE, Feb 27- Singapore Exchange Ltd may have just begun its search for a new CEO but investors and brokers already know what change they want to see: the bourse stripped of its regulatory powers and a rebuilding of its stock market business. Unlike other major financial markets, Singapore does not have a dedicated securities watchdog.

  • SINGAPORE, Feb 27- Singapore Exchange Ltd may have just begun its search for a new CEO but investors and brokers already know what change they want to see: the bourse stripped of its regulatory powers and a rebuilding of its stock market business. Unlike other major financial markets, Singapore does not have a dedicated securities watchdog.

  • China, also the top producer of gold, feels its market weight should entitle it to be a price-setter for bullion and it is asserting itself at a time when the established benchmark, the century-old London fix, is under scrutiny because of alleged price-manipulation. If the Chinese fix takes off, it could add to the pressure on the London benchmark, which is used...

  • SINGAPORE, Feb 24- The CEO of Singapore Exchange Ltd is to step down in June after five and a half years during which the bourse suffered a damaging penny stock crash that hit trading volumes. Singapore is Asia's leading venue for foreign exchange and has seen strong growth in derivatives trading, but the average daily value of shares traded on its exchange has...

  • *Noble on Monday rejected allegations by Iceberg Research. Noble, which is listed in Singapore but based in Hong Kong, has rejected claims from Iceberg Research which said in a report posted online on Sunday that Noble used aggressive accounting to mislead investors. Not much is known about Iceberg Research, which declined to comment on its background, analysts...

  • SINGAPORE, Jan 28- Singapore Exchange Ltd's chief executive said on Wednesday he is looking to emulate the much-heralded Stock Connect link between Hong Kong and Shanghai by formally linking together Southeast Asian bourses. He wants a fledgling link between stock broking houses in Singapore, Malaysia and Thailand, known as the Association of Southeast...

  • Barclays, Deutsche and Credit Suisse have left the arena over the last 12 months, both symptom and cause of slower trading growth. As Western banks leave, their places are being taken by Chinese players such as GF Financial, Bank of China and, as of Jan. 26, China Merchant Securities. And metals trading in China itself is booming, with the Shanghai Futures Exchange...

  • *ArcelorMittal booked block of iron ore trades in Sept. LONDON, Dec 12- Top steelmakers ArcelorMittal and Tata Steel are dipping their toes into iron ore derivatives, marking a crucial milestone in developing trade for the world's second-largest commodity after oil. Although the steelmakers continue to say publicly they do not use such products, sources said...

  • SINGAPORE, Dec 3- Singapore Exchange Ltd came under fire on Wednesday after stock trading was interrupted for a second time in a month, piling pressure on a bourse and CEO grappling with low trading volume and struggling to attract large listings. "I cannot speak for myself, but on the ground I assess that most remisiers want him to leave," said Jimmy Ho, President of...

  • Bearish Chinese bets fuel iron ore rout Tuesday, 2 Dec 2014 | 6:37 PM ET
    Trucks at an iron ore mine

    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.

  • SINGAPORE, Dec 3- A halving in the price of iron ore this year has been fuelled in part by Chinese speculators who built up huge short positions on the one-year-old futures contract on the Dalian exchange, in the process giving China the pricing power it has long craved. Analysts say its clout on iron ore could become even greater if, as proposed, it lets foreigners...

  • LONDON, Oct 24- Another LME Week, the annual pilgrimage of the global metals industry to London, has come and gone. It is a time-honored tradition, and on the surface at least this one was no different from those of previous years. The champagne flowed as freely as ever at the cocktail parties hosted by Triland Metals and Mitsui Bussan Commodities at the Dorchester...

  • LONDON, Oct 17- "In short, this is not a takeover; it is a marriage". That's how Charles Li, chief executive of Hong Kong Exchanges and Clearing, described the 1.38 billion sterling purchase of the London Metal Exchange back in 2012.. He was speaking at the LME's annual black-tie dinner at the Grosvenor House in London, conceding that it was the first time he himself, once...

  • *Singapore launches 25 kg gold contracts on Monday. LONDON, Oct 13- Gold prices rose on Monday as the dollar fell on uncertainty about how soon the Federal Reserve will raise interest rates and worries about the global economy reduced investors' appetite for risk. "It would appear that the global risk aversion is the only friend to gold and that is reflected in a...

  • *Singapore launches 25 kg gold contracts on Monday. LONDON, Oct 13- Gold prices rose on Monday as the dollar fell and worries over the global economic outlook hit investors' appetite for risk, lifting the appeal of assets perceived as safer. "It would appear that the global risk aversion is the only friend to gold and that is reflected in a slightly lower dollar and the...

  • *Malaysia to build rubberised roads from June 2015. *Vietnam says supports price floor of $1.50/ kg. While third-biggest rubber grower Vietnam became the latest, after other major players Thailand and Malaysia, to support the minimum-price plan, skepticism remains on how effective it will be as similar acts of co-ordination have failed before.