News

China’s private refiners seek Beijing approval to cut run rates as Iran war hits margins
Published Mon, May 11, 2026 · 02:53 PM[BEIJING] China’s private refiners have sought government approval to cut oil-processing rates, a month after Beijing ordered them to produce at any...
US industry, lawmakers plead with Trump: Don’t open door to Chinese cars at Xi summit
The House bill would go further, banning industry partnerships with Chinese companies[WASHINGTON] As US President Donald Trump prepares to meet with Chinese President Xi Jinping this week, the US...
US industry, lawmakers plead with Trump: Don’t open door to Chinese cars at upcoming Xi summit
[WASHINGTON] As US President Donald Trump prepares to meet with Chinese President Xi Jinping this week, the US auto industry and lawmakers on both sides of the aisle are...
Goldman Sachs claims renminbi undervalued by 20% against US dollar
Published Mon, May 11, 2026 · 12:16 PM[HONG KONG] The Chinese currency is more than 20 per cent undervalued against the US dollar, according to Goldman Sachs Group, which...
Hong Kong’s bad-debt bankers ramp up fire sales, liquidations as city’s distressed loan ratio hits a high
At least half a dozen lenders have increased their number of special asset bankers[HONG KONG] A small group of bankers in Hong Kong tasked with cleaning up the city’s...
Hong Kong’s bad-debt bankers ramp up fire sales, liquidations
At least half a dozen lenders have increased their number of special asset bankers[HONG KONG] A small group of bankers in Hong Kong tasked with cleaning up the city’s...
Hong Kong’s bad-debt bankers ramp up fire sales, liquidations as city’s distressed loan ratio hit a high
At least half a dozen lenders have increased their number of special asset bankers[HONG KONG] A small group of bankers in Hong Kong tasked with cleaning up the city’s...
Dubai’s bankers, traders return as Iran war risks continue to loom over city
The city faces an uneasy balancing act as it tries to restore confidence while living with the possibility that the conflict could flare up again[DUBAI] The lunch crowds had...
Geo Energy gets term sheet for infrastructure unit at US$1.5 billion valuation
Swiss-based private commodities investment company Resource Invest will invest in Marga Bara Jaya[SINGAPORE] Coal producer Geo Energy Resources has entered into a term sheet with Resource Invest (ResInvest) for...
DBS bets on AI, value stocks with STI set for choppy recovery
Forecast hinges on a base scenario where US-Iran talks yield a deal in Q2 and Strait of Hormuz opens by June[SINGAPORE] The Republic’s benchmark stock index is poised for...
UK, France to host multinational meeting on mission to escort ships through Strait of Hormuz
Iran has effectively shut the waterway after war erupted with US-Israel strikes on Feb 28Published Mon, May 11, 2026 · 06:51 AM[LONDON] More than 40 nations will meet on...
Jumbo H1 profit falls 22.3% to S$6.2m on higher operating costs
[SINGAPORE] Jumbo Group posted a 22.3 per cent drop in net profit to S$6.2 million for its first half ended Mar 31, 2026, from S$7.9 million in the previous...