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Russia-Ukraine crisis
Gold
UOB upgrades gold to 'positive' with raised forecast of US$2,100 per oz for 2QFY2022
The renewed pull-back in US real yield is likely to support the growth in gold prices further: UOB
March 09, 2022
Global Markets
Apple may be challenged by Aramco as world's most valuable firm
Aramco shares have jumped 15% in less than three weeks
March 09, 2022
Commodities
Oil might hit US$240 in "worst case" scenario, raising spectre of 4Q recession
Demand imbalance will be restored at around US$240 per barrel
March 09, 2022
Broker's Calls
Maybank trims Singapore GDP forecasts amid rising commodity prices
GDP forecasts for Singapore, Thailand and Vietnam face more downside risks than commodity exporters Malaysia and Indonesia.
March 09, 2022
Global Economy
World faces 'perfect long storm' of Ukraine crisis, Omicron and stagflation: Tharman
“As someone who has spent a good part of my life as an economist working with models, they’re not going to be very useful.”
March 09, 2022
Russia-Ukraine crisis
US and UK move to ban on import of Russian oil
Russia’s gas and oil had so far been mostly spared from sanctions introduced by the US and European countries
March 08, 2022
Commodities
LME halts nickel trading after unprecedented 250% spike
A Chinese tycoon who built a massive short position in the nickel market is facing billions of dollars in mark-to-market losses
March 08, 2022
Russia-Ukraine crisis
Shell to stop buying Russian oil and gas
“We are acutely aware that our decision last week to purchase a cargo of Russian crude oil” was wrong: Shell.
March 08, 2022
Russia-Ukraine crisis
Singapore will be 'significantly impacted' with pricey oil imports amid war in Ukraine: Gan Kim Yong
The remarks come after oil stocks soared as the commodity briefly touched US$139 ($189.38) a barrel.
March 08, 2022
Cryptocurrency
Fresh Off The Block: Binance founder claims crypto will not help Russia evade sanctions and more
Fresh Off The Block: Binance founder claims crypto will not help Russia evade sanctions and more
March 07, 2022