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SINGAPORE: Singapore saw its lead over Hong Kong shrink to just a whisker in the battle to be Asia’s biggest foreign-exchange currency hub. To keep its advantage, the island state wants to attract more companies to set up electronic trading platforms.SINGAPORE: Singapore saw its lead over Hong Kong shrink to just a whisker in the battle to be Asia’s biggest foreign-exchange currency hub. To keep its advantage, the island state wants to attract more companies to set up electronic trading platforms.
SINGAPORE: Asia’s oil-reliant economies could take a hit if crude prices remain higher, with potential fallout for Singapore as well in the form of inflation, said analysts.
MOSCOW (Reuters) - There is enough oil in global stockpiles to replace barrels Saudi Arabia has temporary lost due to attacks on its oil facilities, Russia's energy minister Alexander Novak, an ally of Riyadh in a pact to curb supply, told reporters on Monday.
HONG KONG: The yuan held a firm tone on Monday after a holiday weekend, with markets cheered by signs of progress in U.S.-China trade negotiations though weak economic data at home and turmoil in oil markets curbed gains.
Snap Inc should continue to see growth in the critical metric of daily active users, according to analysts who analysed the latest data on downloads for the social-media company’s Snapchat app.
NEW YORK: Seekers of smaller apartments in Manhattan have had plenty of company this summer.
MOSCOW: Citigroup Inc’s prediction that gold could rally above US$2,000 an ounce in two years would be negative for another precious and shiny commodity: diamonds, according to Barry Ehrlich, an analyst at the bank.
SINGAPORE: Gold prices may rally to a record above US$2,000 an ounce in the next two years, according to Citigroup Inc., which gave a laundry list of positive drivers including rising risks of a global recession and the likelihood that the Federal Reserve will reduce interest rates to zero.
WITH banks’ bond trading desks increasingly going electronic, another of the last bastions of old-school banking – the business of helping companies and countries raise capital – may be about to succumb to the tide of technology.
(Reuters) - Two weeks after receiving a record six-figure fine for his latest on-court meltdown, Nick Kygrios returns to the U.S. Open with questions swirling over whether the mercurial Australian will ever mature in time to fulfil his vast potential.