Singapore: US crude remains below $40 as oversupply weighs Wednesday, 3 August 2016 – Oil prices remained weak on Wednesday, with U.S. crude below $40 per barrel and Brent under $42, as fuel oversupply and stuttering economic growth weighed on markets, although prices did receive some support from a weaker dollar. U.S. West Texas Intermediate […]
Read MoreSingapore: Does TPP matter? Does Singapore matter? Tuesday, 9 August 2016 – During his recent trip to the US, Singapore Prime Minister Lee Hsien Loong, along with US President Barack Obama, made a joint pitch for the ratification of Trans-Pacific Partnership (TPP) trade agreement. However, the hope that the TTP would form the foundation of […]
Read MoreSingapore: Singapore banks’ concerns grow about oil and gas sector exposure Thursday, 28 July 2016 – Two of Singapore’s top banks flagged mounting concerns about loans to the oil and gas sector, on the same day that a prominent local oilfield services firm announced it was winding up, under the weight of crushing debt. The […]
Read MoreSingapore: Singapore final GDP seen confirming sluggish Q2 growth Monday, 8 August 2016 – Singapore’s latest estimate of second-quarter gross domestic product is likely to confirm sluggish growth in the April-June quarter, with the outlook clouded by concerns over Brexit and weakening global demand. The median forecast in a Reuters survey of 13 economists predicted […]
Read MoreSingapore: Oil prices rise on renewed output freeze talks, but fundamentals remain weak Monday, 8 August 2016 – Oil prices rose in early trading on Monday, lifted by reports of renewed talks by some members of the Organization of the Petroleum Exporting Countries (OPEC) to restrain output. U.S. West Texas Intermediate (WTI) crude oil futures […]
Read MoreSingapore: Growth in private sector slows Thursday, 4 August 2016 – Growth across Singapore’s private sector eased last month as output and new orders expanded more slowly, according to a new survey. The broad-based Nikkei Singapore Purchasing Managers’ Index (PMI) came in at 50.7 for July, lower than June’s 52.3. Readings above 50 signal an […]
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