Asia Top News and Analysis Singapore

  • PARIS/ SINGAPORE, May 23- Chicago corn futures edged higher on Thursday and wheat rebounded as heavy rain in U.S. grain belts continued to pose risks to crops. Soybeans edged lower as traders awaited details of a second round of U.S. government aid for farmers affected by a trade dispute with China that has curbed U.S. soybean shipments. The most active corn contract...

  • LONDON, May 23- Copper prices fell for a fifth day on Thursday as fear grew that a worsening confrontation between the United States and China will damage economic growth and demand for metals. "Prices will be dictated by the stronger dollar and the trade war and what this means global growth," said ING analyst Warren Patterson. China's Commerce Ministry said the...

  • Ankiti Bose, co-founder and CEO of Southeast Asian fashion platform Zilingo.

    At 27, Ankiti Bose is already the CEO of online shopping site Zilingo, and on course to become the first Indian woman to co-found a $1 billion start-up.

  • DUBAI/ NEW YORK, May 22- Saudi Aramco signed a 20- year agreement to buy liquefied natural gas from a forthcoming export terminal in Texas that U.S.-based Sempra Energy is developing, the two companies said on Wednesday. Aramco has been developing its own gas resources and eyeing gas assets in the United States, Russia, Australia and Africa. Aramco will also buy a...

  • *Market awaiting details of USDA trade war farm aid package. CHICAGO, May 22- U.S. soybean futures rebounded on Wednesday in a technical correction from the prior session's drop as the market awaited details of a Trump administration farm aid package that could encourage farmers to plant more soybeans. Bloomberg reported on Tuesday that the White House was...

  • *Other firms have targeted Indonesia and Thailand. BEIJING, May 22- China's top steel maker Baowu Group is studying plans to relocate blast furnaces from remote Xinjiang to Cambodia in a bold example of China's heavy industry shifting excess capacity overseas, a source familiar with the firm's plans said. Baowu is looking at the feasibility of shipping two...

  • SHANGHAI, May 22- China's yuan inched lower against the dollar on Wednesday, but the overall downward pressure on the local currency was mild as the central bank signaled its determination to prevent any sharp falls. On Tuesday night, the People's Bank of China said it will issue yuan-denominated bills in Hong Kong in the near future, which analysts said was...

  • SINGAPORE, May 22- Chicago corn futures rose for an eighth straight session on Wednesday as U.S. farmers are unlikely to finish planting this year following excessive rains, resulting in tighter world supplies. The most-active corn contract on the Chicago Board of Trade had risen 0.3% to $3.95-1/ 4 a bushel by 0224 GMT, after hitting a one-year high on Tuesday.

  • NEW YORK, May 21- The dollar rose and global equity markets advanced on Tuesday, led by chipmakers and companies exposed to Asia, after the United States temporarily eased trade restrictions on China's Huawei Technologies Co Ltd. "The 800- pound gorilla is U.S.- China trade relations and those are deteriorating," Hooper said. "We might get positive news on...

  • NEW YORK, May 21- Signs that Asia is already feeling the pinch from a trade conflict between the United States and China pushed the U.S. dollar to a four-week high on Tuesday, while higher U.S. Data showed economic growth in Singapore was its lowest in nearly a decade in the first quarter, while in Thailand it was at its lowest in four years, raising worries that major...

  • A truck used to carry sand for fracking is washed in a truck stop in Odessa, Texas.

    Crude futures drew support from U.S.-Iran tensions and expectations of ongoing OPEC supply cuts, but trade war concerns weighed on prices.

  • SINGAPORE, May 21- Oil prices rose on Tuesday on escalating U.S.- Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year. "Escalating tensions between the U.S. and Iran, in addition to signs that OPEC will continue its production cut, drove oil higher," said Jasper Lawler, head of research at futures brokerage London...

  • Officials inspect the explosion at Shangri-La hotel in Colombo, Sri Lanka.

    Eran Wickramaratne, Sri Lanka's state minister of finance, said 2019 growth "would be around 3%" because of the deadly bombings on Easter Sunday.

  • *U.S. corn 49% planted average pace of 80 pct- USDA. SINGAPORE, May 21- Chicago corn futures rose for a seventh consecutive session on Tuesday, the longest rally in two years, as the pace of U.S. planting lags behind market expectations, stoking fears that farmers will be forced to abandon sowing. The most-active corn contract on the Chicago Board of Trade rose 1.3% to...

  • Blocks of public flats built by the Housing and Development Board in Singapore.

    Trade-reliant Singapore has been hit hard by the Sino-U.S. trade war which has disrupted global supply chains in a blow to business investment and corporate profits.

  • *Kansas leads wheat gains as rain threatens winter crops. Plains and excessive, potentially crop-damaging rains and flooding in the southern Plains, including in top winter wheat state Kansas. Soybeans gained despite stalled trade talks between the United States and China, the world's top soy buyer.

  • *Chicago corn rises for 6th consecutive session. *Kansas leads wheat gains as rain threatens winter crops. The most-active corn contract on the Chicago Board of Trade was up 1.6% at $3.89-1/ 2 a bushel by 1045 GMT.

  • *MSCI Asia ex- Japan +0.6%; China blue-chips drag. SHANGHAI, May 20- Asian shares steadied on Monday as investors caught their breath following another week of escalating U.S.- China trade tensions, with sentiment turning brighter after the United States said it would lift tariffs in North America. MSCI's broadest index of Asia-Pacific shares outside Japan...

  • *Chicago corn rises 1.5 pct, up for 6th consecutive session. SINGAPORE, May 20- Chicago corn jumped to its highest since June on Monday, rising for a sixth session in a row as planting delays across parts of the U.S. The most-active corn contract on the Chicago Board of Trade rose 1.5% to $3.89 a bushel by 0254 GMT, after hitting its highest since early June 2018 at...

  • *Investment pitches Amazon against Uber Eats. LONDON, May 17- Amazon has taken a stake in British online food delivery company Deliveroo, leading a $575 million fundraising to pit itself against Uber Eats in the global race to dominate the market for takeaway meals. The news the world's biggest online retailer had bought into one of Europe's fastest growing tech...