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New Silkroutes returns to profitability in 2Q on higher revenue; expects trading suspension to be lifted 'shortly'

SINGAPORE (Feb 12): New Silkroutes Group is back in the black ater closing 2Q18 with earnings of US$87,000 ($0.1 million) compared to a loss of US$0.3 million a year ago, which the group says marks its first quarterly net profit in more than three years.

Singapore charges 11 men over Shell oil heist

SINGAPORE (Jan 9): Eleven men were charged in a Singapore court on Tuesday in connection with a large-scale oil theft at Shell's biggest refinery, while police said they were investigating six other men arrested in a weekend raid.

Commodities

Oil could hit US$60 before year-end, says Barron's citing Citi analyst

BENGALURU (July 10): Accelerating world oil demand and reduced supply from the Organization of the Petroleum Exporting Countries (Opec) could push crude prices up to US$60 ($82.92) a barrel before the end of the year, according to a report from Barron&#39
Richard Elman, Noble Group

The rise and fall of a commodities giant in Asia

(June 5): The profit warning landed at 10.37pm Singapore time on a Tuesday in early May. It was the night before a holiday in the city-state where shares of Noble Group are traded. The market would be closed the next day, giving investors more than 24 hou

Broker's Calls

Don’t be too heartened by SIA’s fuel hedging move yet, say analysts

SINGAPORE (Feb 9): UOB Kay Hian maintains its “hold” rating in Singapore Airlines (SIA) while raising its target price on the stock to $10.40 from $10.10 previously, following the release of the carrier’s 3Q17 results.

Five things that happened in the markets today

SINGAPORE (Feb 8):

Crude Oil

Trump clears way for controversial oil pipelines

WASHINGTON (Jan 25): US President Donald Trump signed orders on Tuesday smoothing the path for the controversial Keystone XL and Dakota Access oil pipelines in a move to expand energy infrastructure and roll back key Obama administration environmental a

Crude Oil

Big oil hits sweet spot as new projects reap rewards of recovery

(Jan 11): Big Oil is poised to reap rewards this year as investments made before the crude-price slump pay off just as the recovery starts.

DBS looks into 2017

5 external factors that could make or break the Singapore market in the year ahead

SINGAPORE (Dec 27): The Singapore market faces several challenges in the year ahead, many of which are upcoming world events whose outcomes are beyond the predictive scope of analysts and economists.
Sinopec ex-chief Fu Chengyu

Crude Oil

China oil giant ex-chief warns drillers becoming ‘dinosaurs’

NEW YORK/HONG KONG (Dec 1): China’s biggest state-owned companies will see “dramatic changes” in the next few years as they may downsize and become more efficient, according to the former chairman of two of the country’s biggest producers.
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