Leadership
Shell to exit South Africa’s downstream businesses
Oil major Shell will divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses across all regions, it said on Monday...
US: Wall Street opens higher as rate-cut hopes linger
US stock indexes opened higher on Monday (May 6) as traders priced in a greater chance of the US Federal Reserve cutting interest rates this year following soft payrolls...
EU clears Nippon Steel’s US$14.9 billion purchase of US Steel
The European Commission on Monday (May 6) approved US Steel’s US$14.9 billion buyout by Japan’s Nippon Steel, saying the deal does not raise competition concerns despite the political opposition...
US dollar soft on renewed Fed rate cut bets; yen on back foot
THE US dollar was a touch lower on Monday (May 6) as a soft US jobs report on Friday boosted wagers that the Federal Reserve may still cut rates...
Singapore Airlines orders 1,000 tonnes of sustainable aviation fuel from Neste
SINGAPORE Airlines : C6L 0% (SIA) has agreed to purchase one thousand tonnes of sustainable aviation fuel from renewable fuel producer Neste, the national carrier announced on Monday (May...
Reits lead gainers on Monday as STI climbs 0.3%
SINGAPORE stocks closed higher on Monday (May 6), with real estate investment trusts (Reits) and property stocks leading the gainers.The benchmark Straits Times Index (STI) rose 0.3 per cent...
Maersk says Red Sea disruption will cut capacity by 15-20% in Q2
The disruption to container shipping traffic in the Red Sea is increasing and is expected to reduce the industry’s capacity between the Far East and Europe by some 15...
South Korea’s probe alleges 211.2 billion won of illegal short trades
SOUTH Korea’s financial watchdog said it has so far uncovered 211.2 billion won (S$156 million) worth of illegal short trades by nine global investment banks, providing its latest formal...
