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SEOUL: Oil held gains above $58 a barrel as trading resumed following the Christmas holiday and after U.S. explorers refrained from adding rigs for a second week.
SINGAPORE: Singapore oil rig builder Keppel Corp’s agreement to pay a US$422mil (RM1.72bil) fine to resolve charges that it bribed Brazilian officials, including people at state-owned oil company Petrobras, sent its shares tumbling and also triggered a decline in the stock price of smaller rival Sembcorp Marine on Tuesday.
KUALA LUMPUR: Malaysian palm oil futures rose 2 percent on Tuesday, a second consecutive session of gains on stronger export demand and expectations of weaker production.
NEW YORK: Dan Och’s note to clients two days before Christmas, telling them that star trader Jimmy Levin wasn’t going to get the top job at Och-Ziff Capital Management Group after all, shows how tough succession can be at hedge funds.
NEW YORK: Citigroup Inc
SINGAPORE: Singapore is bracing for possible tax increases and monetary policy tightening in 2018 against a backdrop of steady economic growth and benign inflation.