Asia shares set to rise Tuesday as broader worries about hedge fund default ease

NEW YORK: Asian shares were set to open higher on Tuesday as investors shook off earlier worries about a hedge fund default that roiled global banking stocks overnight, while rekindled concerns about inflation pushed bond yields higher.

Oil rises as traders expect OPEC+ to hold output cuts

NEW YORK: Oil prices rose nearly 1% on Monday after Reuters reported that Russia would support stable oil output from OPEC+ ahead of a meeting with the producer group later this week.

GLOBAL MARKETS-Global shares slip after hedge fund's default

Suez chaos leaves shipping companies counting the 'lost expenses' cost

LONDON (Reuters) - The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at least $24 million in expenses they will be unable to recoup as their insurance policies do not cover them, industry sources say.

Shipping restarts at Suez Canal after ship refloated- sources, agency

ISMAILIA, Egypt (Reuters) - Shipping is on the move again in the Suez Canal after a container ship that had blocked the waterway for nearly a week was refloated, two marine sources and a shipping agency said on Monday.

‘Tanker gang’ day traders piled into ship stocks during jam

SINGAPORE: As soon as retail investor Calvin Froedge heard that a massive container vessel was stuck in the Suez Canal, he pulled his car over to the side of the road, opened up his laptop and started buying shipping stocks.

Man drowns after swimming with friends

A 21-year-old man drowned at around 5am, after swimming in a canal in Serangoon with a group of friends.

Asean News Headlines as at 7pm on Monday (March 29)

Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Monday (March 29)

Ship swings back across Suez Canal before next tugging attempt, witness and source say

SUEZ, Egypt (Reuters) - A giant container ship that was jammed across the Suez Canal and has been partially refloated swung back across channel amid high wind on Monday ahead of the next attempt to fully dislodge it, a Reuters witness and a canal source said.

Ship backlogs from Suez chaos could take months to clear, container lines say

COPENHAGEN/LONDON (Reuters) -The stranding of a container ship in the Suez Canal has created disruptions in the global shipping industry that could take weeks and possibly months to clear, top container shipping lines said.