Singapore’s oil product stocks hit over nine-month lows as US-Iran war cuts supply

Singapore’s oil product stocks hit over nine-month lows as US-Iran war cuts supply

Published Thu, May 7, 2026 · 07:23 PM [SINGAPORE] Oil product stocks in Asia’s oil hub Singapore hit their lowest in more than nine months after the US-Iran war curtailed Middle East crude and fuel exports, official data showed on Thursday. Combined onshore oil product stocks totalled 44.83 million barrels in the week to May 6, the lowest since late July 2025, Enterprise Singapore data showed. Stocks for light…

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CIMB appoints veteran banker Mak Joon Nien as Singapore CEO

CIMB appoints veteran banker Mak Joon Nien as Singapore CEO

[SINGAPORE] Malaysian bank CIMB Group announced on Thursday (May 7) that it has appointed Mak Joon Nien as CEO of CIMB Singapore. He has also been appointed CEO of growth markets. Based in Singapore, he will oversee CIMB Thailand and CIMB Cambodia, with a focus on accelerating business growth, strengthening cross-border connectivity and advancing regional…

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Scoot adds 11 Airbus A320neo family aircraft to its fleet

Scoot adds 11 Airbus A320neo family aircraft to its fleet

[SINGAPORE] Scoot has placed firm orders for five Airbus A320neo family aircraft, the budget carrier announced on Thursday (May 7). The low-cost subsidiary of Singapore Airlines (SIA) also exercised options for an additional six aircraft, from its 2014 order with Airbus. These 11 aircraft will bring Scoot’s total A320neo family orderbook to 20 aircraft. The…

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As furious redistricting battles continue, we reveal Republican plan to add 14 seats following last week’s Supreme Court ruling

As furious redistricting battles continue, we reveal Republican plan to add 14 seats following last week’s Supreme Court ruling

Redistricting across the US has turned into all-out war between the Democrats and the Republicans ahead of the 2026 midterm elections in November. While both parties have enacted plans to redistrict since July 2025, Republicans are potentially poised to flip up to 14 US House seats in their favor following last week’s bombshell Supreme Court…

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SingPost partners Europe’s Asendia to enhance cross-border e-commerce delivery

SingPost partners Europe’s Asendia to enhance cross-border e-commerce delivery

Local customers will be able to sell and scale their online retail business in new markets with this tie-up [SINGAPORE] Singapore Post (SingPost) entered into a strategic partnership with European cross-border e-commerce and mail solutions provider Asendia on Thursday (May 7). The partnership aims to improve cross-border e-commerce logistics capabilities, which will enhance delivery performance,…

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Two Indian conglomerates to plow US$1 billion in EV, battery tech

Two Indian conglomerates to plow US billion in EV, battery tech

Beijing has become more selective about transferring advanced battery and EV technologies Published Thu, May 7, 2026 · 05:32 PM TWO Indian conglomerates are looking to spend nearly US$1 billion to build domestic capabilities in electric-vehicle and battery technologies, people familiar with the matter said, reflecting a growing urgency on the part of the country’s…

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Bitcoin taxes: What you actually owe the IRS when you sell

Bitcoin taxes: What you actually owe the IRS when you sell

New York Post may receive revenue from affiliate and advertising partnerships for sharing this content and/or when you make a purchase. If you own a cryptocurrency like Bitcoin, and you’re ready to sell it, you need to know how that might affect your yearly taxes. The selling part is easy. If you have an account…

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MAS to ‘harmonise’ securities laws to facilitate dual listings under new Bill

MAS to ‘harmonise’ securities laws to facilitate dual listings under new Bill

The proposed legislation will ‘position Singapore to capture future opportunities’: Chee Hong Tat [SINGAPORE] Proposed amendments to the Securities and Futures Act will empower the Monetary Authority of Singapore (MAS) to “close differences” between the securities laws of Singapore and foreign jurisdictions in facilitating dual-listing partnerships. Speaking in the debate on the Securities and Futures…

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Dem representative admits to working with Mexico to sneak oil into Cuba, despite blockade

Dem representative admits to working with Mexico to sneak oil into Cuba, despite blockade

A Democratic lawmaker is drawing backlash after saying she spoke with foreign ambassadors about getting oil to Cuba despite US sanctions, defending the outreach as “literally our right and responsibility.” Rep. Pramila Jayapal, D-Wash., made the remarks during a recent Seattle briefing following a congressional delegation trip to Cuba, where she discussed the island’s worsening fuel shortages and…

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