Asia Top News and Analysis Singapore

  • SINGAPORE/ TOKYO, June 21- Oil prices reversed earlier gains on Friday but benchmark Brent crude was still set for its first weekly gain in five weeks amid rising tensions in the Middle East and on hopes for a drop in U.S. interest rates that may stimulate global growth. Brent crude was down 20 cents, or 0.31%, at $64.25 a barrel by 0630 GMT. "The recent ups and downs in oil...

  • June 21- Gold jumped more than 1.5% on Friday, breaking above $1,400 for the first time since September 2013, as hints of a rate cut from the U.S. Tensions in the Middle East also boosted gold's rally, which has lifted the precious metal nearly 5% this week and almost 10% so far this year. Spot gold was up 1.2% at $1,404.35 per ounce as of 0537 GMT, after earlier hitting its...

  • KUALA LUMPUR, June 21- Malaysia is looking to recover about $5 billion worth of foreign assets linked to state fund 1 MDB, set up in 2009 by then prime minister Najib Razak and the subject of money laundering probes, an anti-graft official said on Friday. But many of the assets sought by investigators may have since increased in value, and include those linked to 1...

  • June 21- Gold jumped more than 1.5% on Friday, breaking above $1,400 for the first time since September 2013, as hints of a rate cut from the U.S. Tensions in the Middle East also boosted gold's rally, which has lifted the precious metal nearly $80 or 5% this week and almost 10% so far this year. Spot gold was up 1.4% at $1,406.81 per ounce as of 0305 GMT, after earlier...

  • CHICAGO, June 20- U.S. grain and soybean futures jumped on Thursday on concerns over persistent rains threatening crop yields, after wet weather already prevented American farmers from planting millions of acres of corn this spring. The weather problems heap more worries on a farm sector that has suffered from years of low crop prices and a U.S.- China trade war...

  • PARIS/ SINGAPORE, June 20- Chicago corn eased for a third straight session on Thursday, moving further away from a five-year high struck at the start of the week, as investors awaited a clearer picture on the impact of a rain-disrupted U.S. spring planting campaign. Wheat was down too, with investors similarly booking some profit after the recent weather rally and...

  • *Copper touches highest since May 28. LONDON, June 20- Nickel and other base metals marched higher on Thursday after the U.S. central bank signaled rate cuts and investors hoped that the economy of top metals consumer China would recover. Industrial metals were showing signs that they might extend the gains, but needed more good news, said Gianclaudio Torlizzi, a...

  • hints@ SINGAPORE, June 20- London copper and nickel prices climbed to a more than three-week high on Thursday on a weaker U.S. dollar, as investors took Federal Reserve's comments as a sign of possible interest rate cuts later this year. Three-month copper on the London Metal Exchange gained as much as 1.2% to $5,991 a tonne, its highest since May 28 and stood at...

  • SINGAPORE, June 20- Chicago corn futures slid to a one-week low on Thursday, falling for a third consecutive session, as prices were pressured by fund selling although planting delays provided a floor under the market. The most-active corn contract on the Chicago Board Of Trade gave up 0.3% at $4.39-1/ 2 a bushel by 0229 GMT, having dropped earlier in the session to...

  • Chicago Board of Trade July corn settled down 8-3/ 4 cents at $4.41 per bushel. July soybeans ended down 10-1/ 4 cents at $9.03-1/ 4 a bushel and July wheat finished down 9-1/ 4 cents at $5.22-1/ 4 a bushel. The bull market needs to be fed every day, "said Tom Fritz, a partner with EFG Group in Chicago.

  • JOHANNESBURG, June 19- Virgin Money South Africa will launch a zero monthly fee bank account and cheap cross-border payments on its financial technology app, and could eventually roll this out in other developing markets, its CEO told Reuters. The latest iteration of the app, Spot, which currently allows users to make payments to other individuals or merchants,...

  • PARIS/ SINGAPORE, June 19- Chicago corn fell for a second session on Wednesday, pulling away from a five-year high struck at the start of the week as investors assessed the consequences of a rain-disrupted U.S. planting campaign that was now in its final stages. The most-active corn contract on the Chicago Board Of Trade was down 0.7% at $4.46-3/ 4 a bushel, as of 1103...

  • LONDON, June 19- Copper prices held near three-week highs on Wednesday on hopes that renewed talks between China and the United States will defuse a trade dispute that investors fear will damage economic growth and metals demand. Worsening confrontation between Washington and Beijing had helped drive copper prices from a high of $6,608.50 in April to a low of...

  • *Chicago soybeans drop after seven-session rally, wheat falls. SINGAPORE, June 19- Chicago corn futures slid for a second session on Wednesday as U.S. farmers race to finish planting, which has been delayed by excessive rains and flooding across the U.S. The most-active corn contract on the Chicago Board Of Trade was down 0.1% at $4.49-1/ 2 a bushel, as of 0248 GMT,...

  • A women is seen holding a sign outside the Chief Executive Office in Admiralty in Hong Kong, China.

    Signs of companies moving out of Hong Kong have emerged, members of the business community say after massive protests in the city.

  • *US-bound exports up, shipments to China down. TOKYO, June 19- Japan's exports fell for a sixth straight month in May as China- bound shipments of semiconductor manufacturing equipment and car parts weakened, in a sign of a deteriorating outlook for growth as the trade-reliant economy faces persistent pressure from slowing external demand.

  • *USDA data also maintains decent wheat crop ratings. Soybeans edged lower, tracking corn, having earlier reached a 3-1/ 2 month high as the USDA report showed slower than expected soybean planting and weather forecasts predicted more showers later this week. The most-active corn contract on the Chicago Board of Trade was down 2.3% at $4.44-1/ 2 a bushel by 1127 GMT,...

  • Gold prices slipped further on Monday after sliding from a more-than-14-month high the previous session following upbeat U.S. economic data that dampened expectations the Federal Reserve would ease interest rates.

  • *Money managers raise net longs in gold in week to June 11- CFTC. Spot gold was down 0.3% at $1,337.31 per ounce as of 0713 GMT. The markets have aggressively priced in rate-cut expectations and trade uncertainties have boosted safe-haven assets, "said Benjamin Lu, an analyst with Singapore- based Phillip Futures.

  • *Money managers raise net longs in gold in week to June 11- CFTC. Spot gold was down 0.2% at $1,338.86 per ounce as of 0549 GMT, after hitting $1,358.04, its highest since April 11, 2018, on Friday. The markets have aggressively priced in rate-cut expectations and trade uncertainties have boosted safe-haven assets, "said Benjamin Lu, an analyst with Singapore- based...