An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
(Adds Hyflux comments)
SINGAPORE, April 16 (Reuters) - Singapore authorities said on Tuesday they are reviewing debt-laden water treatment company Hyflux's accounting and auditing standards to see if the firm has breached any laws.
Hyflux is currently under a court-supervised restructuring process and its recently called-off rescue by an Indonesian investor has thrown the future of the debt-laden company further into doubt.
In a joint statement, the Monetary Authority of Singapore, the Accounting and Corporate Regulatory Authority and the Singapore Exchange Regulation said they "are currently reviewing Hyflux-related disclosure issues, as well as compliance with accounting and auditing standards."
The review is "to determine if there have been breaches of listing rules and/or the relevant laws and regulations," they said, without giving details or saying what had prompted the review.
A spokeswoman for Hyflux Ltd told Reuters in an email that the company will be "cooperating fully" with queries that regulators may have.
Hyflux started a process to restructure its debt last year, which stood at about S$1.67 billion at the end of September.
Early this month, it said that a lifeline deal with its prospective Indonesian investor, SM Investments, had been terminated, throwing its debt restructuring plans into doubt.
On Monday, Hyflux took legal action against SM investments for abandoning the deal.
Hyflux's Tuaspring plant is the largest of three desalination plants in Singapore and an important water source for the city state. PUB, Singapore's water agency, has warned Hyflux that it may take over the plant if the company does not fix its contractual defaults by April 30.
(Reporting by Fathin Ungku; Editing by Susan Fenton and Louise Heavebs)