News
Singapore mandates five banks for US$1.63 bil 20-year green bond
1+ hour, 13+ min ago (119+ words) SINGAPORE (July 21): The Monetary Authority of Singapore has appointed DBS, Deutsche Bank, HSBC, OCBC and Standard Chartered to arrange a planned 20-year green infrastructure bond, according to a mandate sheet reviewed by Reuters on Tuesday. Here are a few details:…...
US vows fresh 50% tariff on Canada as new trade war looms
1+ hour, 48+ min ago (966+ words) (July 21): The Trump administration vowed to impose a fresh 50% tariff on some Canadian goods over what it said was unfair treatment of American alcohol, cars and dairy, further inflaming trade tensions between the two neighbours. The items subject to the…...
Kazakh Black Sea oil terminal halted again after tanker hit
12+ hour, 53+ min ago (338+ words) (July 20): A key Kazakh oil-export terminal on the Black Sea again halted loadings following a drone strike, threatening supplies that have become increasingly important for European refineries as an alternative to Middle East barrels. The Caspian Pipeline Consortium terminal on…...
Taiwan indicts ex-TSMC employee over alleged theft of trade secrets for intended use in China
13+ hour, 53+ min ago (252+ words) TAIPEI (July 20): Taiwan prosecutors indicted a former TSMC employee on Monday for allegedly stealing TSMC trade secrets involving technologies designated by Taiwan as national core technologies, with intent to use them in China. The former employee, who previously served as…...
Oil holds gain as traders weigh outlook for Middle East conflict
4+ hour, 3+ min ago (247+ words) (July 21): Oil held a two-day gain as the US and Iran continued hostilities in the Middle East, while Yemen’s Houthi militants threatened to blockade Saudi Arabia’s maritime traffic in the Red Sea. West Texas Intermediate’s more-active September contract traded near…...
Conflict rattles stocks, bonds as oil holds gains
3+ hour, 57+ min ago (395+ words) (July 21): Oil held near its highest close since mid-June — weighing on stocks and bonds — as an escalation in Middle East hostilities outweighed attempts to bring about a pause in the war. President Donald Trump vowed that Iran “will pay” for…...
Stocks, bonds fall as US-Iran risks whipsaw oil
4+ hour, 18+ min ago (380+ words) (July 21): A renewed bout of oil volatility sent stocks lower, with concerns about an escalation in Middle East hostilities outweighing attempts to bring about a pause in the war. Most shares in the S&P 500 retreated, though a gauge of…...
'I couldn't breathe': South Korea's frenzied stock trading exposes margin loan risks
17+ hour, 57+ min ago (651+ words) SEOUL (July 20): Lee Seung-ho watched the nearly 300 million won (US$202,515 or RM828,894) stock trading fortune he built with a 500% margin loan evaporate in just four weeks in May, but he plans to borrow again and return to the market the moment…...
EU waives penalties for oil and gas firms that breach methane law
12+ hour, 20+ min ago (346+ words) BRUSSELS (July 20): The European Commission instructed EU governments to waive penalties for three years for oil and gas companies that breach its methane emissions law, following pressure from the US government to roll back the rules. The US, Qatar, oil…...
India’s central bank says forex deposits net US$17.4 bil
11+ hour, 58+ min ago (311+ words) (July 20): The Reserve Bank of India’s measures allowing lenders more room to offer attractive rates on overseas deposits to non-resident Indians have garnered US$17.4 billion (RM71.21 billion) until last Friday, the regulator said in a statement. Firms have also raised US…...