Goldman Sachs uses trading profits to boost reserves
(Reuters) - Goldman Sachs Group Inc’s (GS.N) outsized reliance on trading and investment banking became a big advantage in the second quarter, driving up revenue while avoiding losses due to…
Dollar holds gains as coronavirus woes sap confidence
TOKYO (Reuters) - The dollar held onto gains on Wednesday as a resurgence of the coronavirus in the United States and the return of lockdowns in some countries boosted safe-haven…
Asia’s growing electronics sector, resists global slump
Global trade data in the Covid-19 era has been generally abysmal, but look a little closer and the electronics sector that fires Asia's trade engines could be headed for a…
Saudi Aramco Restores Oil Production Capacity Earlier Than Expected
Saudi Aramco has restored Saudi Arabia’s oil production capacity to 11.3 million bpd—the level before the attacks on oil facilities ten days ago, Reuters reported on Wednesday, citing three sources with knowledge…
Singapore, China tie-up to issue e-certificates for easier sea port clearance
SINGAPORE - The maritime authorities of Singapore and China will cooperate to issue, use and accept electronic certificates for port clearance and Port State Control (PSC) inspections, they announced on…
Tuas Mega Port Positions Singapore Strongly In The Maritime Industry
Supported by Singapore’s expertise in the maritime industry, the port of Singapore is expected to continue to flourish, says SMU’s Joyce Low. SINGAPORE: The port of Singapore has served as…
International Trade Tensions Are Hurting Demand For Oil
OPEC said that international trade tensions are hurting demand for oil, slashing its estimates for consumption earlier in the year and predicting further challenges ahead. The organization, due to meet…
Rise In Oil Prices Due To Ongoing OPEC Supply Cuts, But Global Demand Uncertainty Persists
KEY POINTS Front-month Brent crude futures, the international benchmark for oil prices, were at $69.10 per barrel at 0021 GMT, up 41 cents, or 0.6 percent, from their last close.…
Global Freight Demand Predicted To Increase By 3 Times By 2050
Global demand for transport will continue to grow dramatically over the next three decades, with global freight demand expected to triple by 2050, according to projections by the International Transport…
Non-oil exports a 4.9% rise in February after 3 months of decline: Singapore
SINGAPORE - Singapore's non-oil domestic exports (Nodx) rose 4.9 per cent last month after three straight months of decline, on the back of growth in non-electronic shipments. This defied economists'…