Asia Top News and Analysis Singapore

  • PARIS/ SINGAPORE, Aug 19- Chicago corn, wheat and soybean futures eased on Monday, giving up some of the previous session's gains as crop-friendly weather in the U.S. Corn had led a slide in Chicago grain futures for most of last week after a higher than expected U.S. Department of Agriculture estimate of this year's U.S. corn crop, with a stronger dollar and the...

  • PARIS/ SINGAPORE, Aug 19- Chicago corn, wheat and soybean futures eased on Monday, giving up some of the previous session's gains as crop-friendly weather in the U.S. Corn had led a slide in Chicago grain futures for most of last week after a higher than expected U.S. Department of Agriculture estimate of this year's U.S. corn crop, with a stronger dollar and the...

  • SHANGHAI/ BEIJING, Aug 19- China's central bank pushed out long-awaited interest rate reforms on Saturday by establishing a reference rate for new loans issued by banks to help steer corporate borrowing costs lower and support a slowing economy. The following explains how China's new Loan Prime Rate, a central part of the reforms, will work.

  • How this firm plans to democratize private tuition classes

    Alexander Lim of Cudy says his platform, which live streams classes, costs 25% less than traditional tuition lessons.

  • CNBC's Sri Jegarajah reports on efforts to incorporate coding into school curriculums for children as young as three years old in Singapore.

  • LONDON, Aug 16- A UK High Court judge has blocked the transfer of 12 billion pounds in annuities from insurer Prudential to Rothesay Life, the two companies said on Friday. The deal, which would have been the largest ever such transfer covering 400,000 policy holders, was announced in March last year at the same time Prudential said it was to demerge its UK business.

  • *Protests hit retail sector in Hong Kong- dealer. *China premiums at $6- $9/ oz. "We're consistently seeing people coming to sell gold," said Brian Lan, managing director at Singapore dealer GoldSilver Central.

  • *USDA's increased corn crop forecast stunned market. PARIS/ SINGAPORE, Aug 16- Chicago corn prices ticked higher on Friday, consolidating above a three-month low as the market remained on course for its biggest weekly drop in three years after a higher-than-expected official forecast for this year's weather-hit U.S. crop. The Chicago Board of Trade's...

  • LONDON, Aug 16- Industrial metals prices were mixed on Friday, weighed down by uncertainty over how much weak global economic growth is undermining demand, but some metals saw support from potential shortages. Benchmark nickel on the London Metal Exchange hit a 16- month peak earlier this month on fears major producer Indonesia would bring forward an export...

  • Ray Dalio, founder of investment firm Bridgewater Associates, speaking at the WEF in Davos, Switzerland on Jan. 22, 2019.

    Other observers have dismissed the suggestion that China would sell U.S. Treasurys to gain an upper hand in the trade war.

  • *Hong Kong tycoon Li urges love, tolerance amid protests. HONG KONG, Aug 16- Hong Kong's richest man, Li Ka- shing, urged people to "love China, love Hong Kong and love yourself" on Friday in a bid to calm the city's escalating crisis as pop concerts and public events were canceled in response to anti-government protests. Hong Kong returned from British to Chinese rule in...

  • SINGAPORE/ KUALA LUMPUR, Aug 16- While in the Indian Ocean heading toward the Strait of Malacca, the very large crude carrier Pacific Bravo went dark on June 5, shutting off the transponder that signals its position and direction to other ships, ship-tracking data showed. On July 18, the transponder of the VLCC Latin Venture was activated offshore Port Dickson,...

  • SHANGHAI, Aug 16- China's yuan eased on Friday, pressured by a stronger dollar and trade worries after Beijing pledged to retaliate for the latest U.S. tariffs. Prior to the market opening on Friday, the People's Bank of China set the midpoint rate at 7.0312 per dollar, weaker than the previous fix of 7.0268. "Hard attitudes" from both the United States and China on the...

  • SINGAPORE, Aug 16- Chicago corn futures ticked higher on Friday, but the market was set for its biggest weekly drop in three years, driven down by expectations of a bigger U.S. crop. The Chicago Board of Trade most-active corn contract is down almost 11% this week, the biggest decline since June 2016. "Weather forecasts look favorable for the crop, but still great...

  • Ray Dalio, Bridgewater Associates Founder, President & CIO.

    "Recessions are always inevitable, the only question is: 'When?'" says Ray Dalio, founder of Bridgewater Associates.

  • MELBOURNE, Aug 15- Papua New Guinea has sent a team to Singapore to renegotiate its Papua LNG agreement with French oil major Total SA, the nation's petroleum minister said in a statement on Thursday, warning the talks could end "disastrously" for the gas project. The state negotiating team, which includes Kua, left on Thursday for Singapore and will return early...

  • TOKYO, Aug 15- Oil prices steadied on Thursday, following sharp overnight losses as U.S. crude inventories unexpectedly rose, fears of recession mounted and economic data out of China and Europe disappointed. The combination of a slew of data suggesting a slowdown in global growth amid the U.S.- China trade war and persistently high levels of oil in U.S. storage...

  • TOKYO, Aug 15- Oil prices fell on Thursday, adding to sharp overnight losses as U.S. crude inventories unexpectedly rose, fears of recession mounted and economic data out of China and Europe disappointed. The combination of a slew of data suggesting a slowdown in global growth amid the U.S.- China trade war and persistently high levels of oil in U.S. storage has...

  • *China restricts import quotas for banks. LONDON/ BEIJING, Aug 14- China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows. China is the world's biggest importer of gold,...

  • *Lion Air crash in October killed all 189 people on board. BATAM, Indonesia, Aug 14- Indonesia's Lion Air "urgently requires" more Boeing Co 737 MAX jets to support its growth strategy once regulators approve the grounded model's return to service, the airline's co-founder, Rusdi Kirana, told Reuters on Wednesday. A final report on the Lion Air crash is expected to be...