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

Global Markets

Apple may be challenged by Aramco as world's most valuable firm

Aramco shares have jumped 15% in less than three weeks

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

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.
World faces 'perfect long storm' of Ukraine crisis, Omicron and stagflation: Tharman - THE EDGE SINGAPORE

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.”

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
LME halts nickel trading after unprecedented 250% spike - THE EDGE SINGAPORE

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

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.
Singapore will be 'significantly impacted' with pricey oil imports amid war in Ukraine: Gan Kim Yong - THE EDGE SINGAPORE

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.

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
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