News
Gold on track for biggest weekly loss in six weeks as Iran war fans inflation worries
Higher oil prices stoke inflation concerns, raising expectations of elevated interest ratesPublished Fri, Jul 17, 2026 · 08:12 AM — Updated Fri, Jul 17, 2026 · 12:00 PM[BENGALURU] Gold...
Hin Leong’s US$2.6 billion claim against Deloitte struck out by apex court
The auditor is not liable for trading losses incurred by the company from November 2015 to mid-April 2020[SINGAPORE] The apex court of Singapore has struck out insolvent oil trader...
Oil settles lower but remains near one-month high amid escalating US-Iran tensions
Iran has asked Yemen’s Houthis to be ready to close the Red Sea oil route if the US strikes Iranian power infrastructurePublished Fri, Jul 17, 2026 · 06:28 AM[NEW...
Geo Energy’s new infrastructure unit to boost Ebitda by up to US$350 million annually
Newly operational Marga Bara Jaya integrated unit marks a new source of earnings beyond coal mining[SINGAPORE] Indonesian coal producer Geo Energy Resources said its newly operational Marga Bara Jaya...
Abbott raises 2026 profit forecast on strength in diagnostics, heart devices
Abbott’s quarterly sales in its medical devices segment grew 9% to US$5.85 billionPublished Thu, Jul 16, 2026 · 09:08 PM[WASHINGTON] Abbott beat estimates for quarterly results and raised its...
Lazada, Shopee double down on affiliate marketing to compete with TikTok Shop in South-east Asia
This is also as the e-commerce industry matures, shifting away from a race for scale[SINGAPORE] E-commerce platforms in South-east Asia such as Lazada and Shopee are doubling down on...
SpaceX stock erases all its gains and slides below IPO price in intraday trading
SpaceX stock dropped below its initial public offering price for the first time on Wednesday, signaling dwindling hype around the Elon Musk company.Shares dipped below their IPO price of...
Australia to boost scrutiny of Big Four accounting firms after wave of scandals
Published Thu, Jul 16, 2026 · 04:04 PM[SYDNEY] Australia on Thursday (Jul 16) announced plans to increase its oversight of the Big Four accounting firms after a series of...
Macquarie upgrades STI 12-month target to 6,000, names its top picks
[SINGAPORE] Macquarie upgraded its 12-month target for Singapore’s benchmark Straits Times Index (STI) to 6,000, pointing to a “healthy cocktail” of macroeconomic tailwinds, rising domestic interest rates and supportive...
Asian LNG prices hit highest since March as US-Iran hostilities disrupt Hormuz shipping
A prolonged disruption would keep LNG supplies tight, particularly for Asia, where buyers rely heavily on Qatari cargoesPublished Thu, Jul 16, 2026 · 01:39 PMASIAN liquefied natural gas prices...
