Singapore

U.S. Stock Futures traded in choppy trade on Tuesday, after President Donald Trump announced that the U.S. was reinstating its ban on Iranian shipping. Investors also 'picked through' the earnings reports from Wall Street’s largest banks. The U.S. Military carried out strikes against Iran overnight. President Donald Trump reinstated the blockade of Iranian ships and proposed charging a fee of 20% to guard Strait of Hormuz. S&P futures were 0.1% lower during early European trading, while Nasdaq's futures remained 0.5% higher. Brent crude futures rose around $2.80 to $86.19 per barrel, the highest since mid-June. U.S. Crude Futures rose $1.60...

Oil hit a new one-month high on Tuesday in Asian trading after President Donald Trump announced that the U.S. would reintroduce its blockade of Iranian ships and collect a?20%?fee for cargo crossing the Strait of Hormuz. After a volatile session MSCI's broadest Asia-Pacific share index outside Japan gained 0.2% as gains in Taiwan were offset by gains for South Korean stocks. S&P 500 futures e-mini edged up 0.1%. The CSI 300, which tracks Chinese stocks, rose 2% as export and import figures for June were released on Tuesday. These data exceeded economists' predictions. ING analysts reported in a research note...

Government data released on Thursday shows that oil product inventories in Singapore, Asia’s main trading hub, have barely changed from week to week. This is because declines in light distillates and residual fuels offset gains in middle distillates. Enterprise Singapore data shows that total onshore oil product stocks were hovering at 40.33 million barrels for the week ending July 8 compared to 40.45 millions barrels last week. Markets are anticipating an increase in inventories if exports to regions like Northeast Asia continue to rise, after a recovery of refining operations these past two months. China's outflows will also increase after...

Oil prices rose by more than 5% Wednesday, while global stock and bond markets fell as investors fled risky assets after U.S. president Donald?Trump declared that the Gulf Conflict was over following the signing of a memorandum with Iran. Trump said that he didn't want to engage Tehran. He was speaking in Ankara, Turkey, ahead of the NATO summit. He said that dealing with Iran was a waste. After the U.S. and Iranian forces exchanged attacks in Gulf, market sentiment was already fragile. Brent crude futures jumped 5% to $78 per barrel, the biggest gain in a single day since...

Oil prices jumped by over 3% Wednesday, bond prices fell as U.S. sanctions against Iranian crude oil?threatened a ceasefire. Stocks wobbled due to concerns that the record AI rally might be losing its buyers. Brent crude futures rose 3.3% to $76.54 per barrel, the highest gain in a single day since May. Although this was far below the peak of $120 at the height of fighting, it was still enough to introduce a new inflation risk in the bond market. Jason Wong is a senior strategist with BNZ Wellington. "Obviously, the market does not like these attacks... But it's still...

Bond futures fell and oil prices rose after the U.S. imposed trade sanctions on Iran following the attacks on tankers at the Strait of Hormuz. Stocks wobbled, as the momentum from the record-breaking AI rally waned. U.S. crude oil futures rose 2.7% to $72.40 per barrel, while 10-year Treasury futures fell seven ticks. Traders priced in the rising risk of inflation and interest rate increases. Jason Wong is a senior strategist with BNZ Wellington. He said that the market does not like these attacks, but it's still not in full panic mode. He said that the past few months have...

The global stock market fell on Tuesday, as investors remained concerned about the sustainability if the AI-driven rally. Oil prices also rose due to renewed Middle East tensions. In early trading on Tuesday, the tech-heavy Nasdaq composite fell 0.97% while the S&P500 dropped 0.32%. The Dow Jones Industrial Average remained flat. The stock market took a hit despite Samsung Electronics' forecast of a 19-fold increase in operating profit from April to June, which reached 89.4 trillion dollars ($58.4billion), the third consecutive quarter that it had achieved a record operating profit. The results did not reassure investors but rather sparked heavy...

Wall Street gained in the midday trade on Monday, largely due to continued optimism about chip stocks. Oil fell as a result of an expected surge in supply. All three major U.S. indexes rose in the early afternoon after European stocks had flirted earlier with'record peaks' before retreating, ahead of the crucial earnings season for AI. The Dow Jones Industrial Average climbed 0.07% to 52,938.04, while the S&P 500 rose by 0.73% to 7,537.75, and the Nasdaq Composite gained 1.25% to 26,155.56. The MSCI index of global stocks rose 0.45% to 1,128.87. Global AI continued to dominate the markets. South...

After a lukewarm U.S. The jobs report has thrown cold water on the 'prospect' of an imminent rate increase by the Federal Reserve. MSCI's broadest Asia-Pacific share index outside Japan fluctuated in gains and losses. It gained 0.1% following two days of consecutive declines. The sharp declines in U.S. chipmakers trading weighed heavily on South Korea's Kospi. S&P 500 and Nasdaq futures both rose by 0.1% while Japan's Nikkei was down by 1%. According to data released Thursday, the U.S. employment growth slowed dramatically in June, and payroll gains from the two previous months were'revised down.' This indicates a cooling...

Official data on Thursday showed that oil product inventories in Singapore, a key trading hub in Asia, have eased after a recovery last week. This was primarily due to a drop in stocks across the barrel. Enterprise Singapore's data shows that the combined onshore oil products stocks were 40.45 millions barrels during the week ending July 1, a decrease of 4.1% compared to last week. The weekly average for June was 37.5 million barrels. Following an interim agreement between the U.S.A. and Iran, the markets are preparing for a gradual improvement in supply as more ships begin to leave the...

Brent oil, meanwhile, posted its biggest quarterly drop since 2020 as traders stayed on top of a fragile truce between the United States &?Iran. The U.S. Dollar was expected to post its fourth consecutive quarterly gain against a basket, pushing the yen down to a low of 40 years, as expectations of U.S. rate hikes changed dramatically on the last day. The greenback gained more than 1% against the currencies of emerging markets as a group throughout the second quarter. The Strait of Hormuz reopened slowly and randomly on the energy markets as the hostilities between Iran and the U.S....

On Tuesday, global stocks were on track to achieve their best performance in the second quarter of six years. Meanwhile, a resurgent US dollar drove the yen down to its lowest level in four decades and was heading for a fourth consecutive quarterly increase. In the last three months the Strait of Hormuz reopened slowly and 'haphazardly' as hostilities between Iran and the U.S. waned, resulting in a fragile ceasefire and a 20% drop in the price of crude oil. A dramatic shift has also occurred in the expectations of U.S. interest rate, against the backdrop of an unstoppable rise...

The Mexican silver miner Sinda raised $213 million in its U.S. initial public offering. Shares of the company fell 10% on their debut at the New York Stock Exchange. Stocks of the San Miguel de Allende, Mexico based company opened at $10.80 each, lower than the $12 offered price. Sinda sold 17,75 million shares within the marketed price range of $11.25 - $13.25 per share. In recent months, a growing number of mining firms have turned to the capital markets to fund their capital-intensive operations and capitalize on the high metal prices. Pricing of the IPO below the middle of...

Four?sources? with knowledge of the situation said that Cargill aims to sell its iron ore and trading business by late July?or early august, as it refocuses its operations on food and agriculture. According to Cargill, the Singapore-based company is a large one, with a trading volume of 60 to 70 millions metric tons of iron ore per year and up to 4 million tons steel. This makes it a target for companies that are looking to expand their physical trading. Sources say that the original deadline for the sale was late May, which is the end of Cargill’s financial year....

Singapore is establishing an over-the counter gold clearing system and introducing central bank gold vaulting services. This comes as the city state looks to establish itself as a gold trading hub. Gan Kim Yong, the Deputy Prime Minister, told the Asia-Pacific Precious Metals conference on Monday that the Singapore Exchange will?establish a gold clearing system over-the-counter for Loco Singapore or physical gold in Singapore by the end this year. He said that six banks will be clearing members: DBS, Deutsche Bank ICBC Standard Bank J.P. Morgan OCBC, UOB. Gan stated that the Monetary Authority of Singapore (MAS) will offer central...

The mining firm Sinda filed for a U.S. IPO on Friday, marking billionaire Thomas Kaplan's'second attempt' to enter the public markets, following Sunshine Silver's listing a 'day earlier', as 'interest in IPOs' rebounded. The filing did not reveal the terms of?the?offering. The U.S. IPO Market exploded in 2026. A variety of sectors were eager to list and take advantage of the excitement among investors for new listings. Elon Musk’s SpaceX will?start trading in New York in what is expected to be the largest IPO ever. Anthropic, a leading AI company, also filed a confidential application to go public last week....

The Australian share market closed Monday at its lowest level in over a month, with mining and gold stocks dragging it down. This was due to a fall in commodity prices. Meanwhile, the stagnation of Middle East peace negotiations boosted crude prices, fueling inflation fears. The benchmark S&P/ASX 200 ended 1.5% lower, at 8,505.30 point, its lowest close since March 31, As commodity prices fell, the number of miners dropped 2.8% to a new low. BHP and Rio Tinto fell between 2.8% to 3.6%. Gold miners fell 4% while real estate dropped about 3%, and financials fell 0.3%. Santos and...

Trafigura, a global commodity trading firm, announced?on Thursday?it?had?signed an offtake agreement with Heath Goldfields Ltd., a Ghanaian-owned mining company. The deal was to purchase 700,000 ounces gold dore at the Bogoso Prestea mine located in western Ghana. Trafigura said in a press release that it would provide $65 million of debt financing in addition to the?offtake in order to support the restart of oxide ore mining operations at the mine. Trafigura stated that it would 'act as an offtaker of gold dore' (a'semi processed gold product? )?generated at the Bogoso Prestea processing facility. Deliveries are expected to begin later this...

Muyuan Foods shares closed slightly higher on Friday in Hong Kong, following the world's largest pig breeder. raised HK$10.7 Billion ($1.4 Billion) in a share sale This is the largest city-wide event so far in this year. The shares of the firm opened at HK$39 per share, matching their initial offer, and ended 3.9% higher, at HK$40.52, after trading between HK$38.98 and HK$41.72, with 40.59 millions shares worth HK$1.63billion changing hands. The benchmark Hang Seng Index ended 1.2% lower. This is the biggest share sale in Hong Kong in recent memory, surpassing Zijin Gold International $3.5 billion in September. Dickie...

Sany Heavy Industry's shares rose up to 4.7% on their Hong Kong debut Tuesday, after the Chinese construction equipment maker raised HK$12.36bn ($1.59bn) in one the biggest listings in the city this year. According to the prospectus, this company was founded in 1994 and is part of the Sany Group. It is now China's leading construction machinery manufacturer, and ranks among the top three worldwide. Sany, which manufactures excavators and concrete machinery as well as road construction equipment and cranes, operates 16 production bases in different countries and sells its products to more than 150. The stock price opened at...

This week, a delegation of Singaporean firms is visiting South Africa to explore partnership opportunities in manufacturing, logistics and consumer goods. Trade between the two countries has almost doubled in the last four years. Enterprise Singapore, Singapore's agency for trade and enterprise, stated that this mission was part of the Scale-Up Programme and aimed to link participating firms with South African counterparts, and potential partners, in a variety of sectors including agriprocessing and industrial supplies. "South Africa is already a close partner of Singapore, and there are many Singaporean firms operating in South Africa," Rahul Ghosh said on Thursday. He...

Two people who have direct knowledge of this matter say that Anugrah Neo Energy Materials, a nickel mining and processing firm in Indonesia, plans to make an initial public offer on the Indonesia Stock Exchange. The company hopes to raise $300 million. Sources declined to identify themselves as this information is not public. According to sources, Anugrah Neo Energy Materials could be valued at more than 2 billion dollars. Proceeds will also be used for expansion. They added that DBS and RHB are among the banks involved in the IPO. Anugrah Neo Energy Materials didn't immediately respond to an inquiry...

Rio Tinto is preparing to ship 2 million metric tonnes of high-grade ore from its Simandou mine in Guinea by mid-November, according to three sources. This would be the very first shipment out of the massive mine that will reshape the global supply and pricing. Rio's third-quarter report, released on Tuesday, stated that SimFer, one of two mines in Simandou, had amassed 1,5 million tons of ore. The first ore was loaded onto rail transport back in October. Unspecified details were not provided by a spokesperson, but he said that the company was continuing to progress the project at "pace"....

The CEO of the trading house Trafigura stated on Monday that traditional applications of copper will continue as the largest part of the demand for the metal in the coming decade. This is not data centres or the defence industry. Richard Holtum, speaking at the LME Week in London, noted that artificial intelligence (AI), defence spending and metal demand are "buzzwords". He said that consumer demand will "dwarf three times" the AI demand for copper this year. Holtum, in a conversation with Matt Chamberlain, CEO of the London Metal Exchange said: "The amount that copper goes into air conditioning is...