ASL Marine soars up to 9.3% on share placement; Yangzijiang Shipbuilding falls as much as 3.7% on port fees

ASL Marine soars up to 9.3% on share placement; Yangzijiang Shipbuilding falls as much as 3.7% on port fees

The shipbuilders are subject to contrasting investor views on their fortunes. [SINGAPORE] Shares of ASL Marine surged as much as 9.3 per cent on Tuesday (Oct 14), while those of Yangzijiang Shipbuilding tumbled up to 3.7 per cent as investors took contrasting views of their fortunes. ASL Marine last Friday announced that its share placement…

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Oil settles higher as US, China try to de-escalate trade tensions

Oil settles higher as US, China try to de-escalate trade tensions

The Organization of the Petroleum Exporting Countries has kept its relatively high global oil demand growth forecasts unchanged for this year and next [NEW YORK] Oil prices rose on Monday (Oct 13) after assurances that US President Donald Trump will meet his Chinese counterpart Xi Jinping later in October, easing a flare-up in trade tensions…

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Hong Kong’s bourse operator expands commodities business with Dubai unit

Hong Kong’s bourse operator expands commodities business with Dubai unit

HONG Kong Exchanges & Clearing (HKEX) launched a new unit in Dubai to advance its commodities business, the exchange operator said on Monday (Oct 13). Commodity Pricing and Analysis Limited (CPAL), the bourse operator’s new Dubai-based subsidiary, will operate as a commodities pricing administrator, providing independent price reporting and market analysis for the global metals…

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US-China friction sends Asian currencies to five-month low

US-China friction sends Asian currencies to five-month low

The risk-off sentiment has extended beyond currency markets, with regional stocks also slumping [SINGAPORE] Asian currencies slipped to the weakest levels since May as renewed trade tensions between the US and China induced caution among traders. The Bloomberg Asia Dollar Spot Index fell as much as 0.2 per cent to 91.51 on Monday (Oct 13),…

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Bank Indonesia’s heavy bond buying to continue, analysts say

Bank Indonesia’s heavy bond buying to continue, analysts say

Although the central bank has cut rates by 1.25 percentage points this year, lending rates at commercial banks have so far declined at a much slower pace [JAKARTA] Indonesia’s central bank will buy as much as 200 trillion rupiah (S$15.7 billion) of government debt in the secondary market next year, according to analysts, keeping up…

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Stream It Or Skip It: ‘The Chair Company’ on HBO, where Tim Robinson is a tightly-wound project manager who stumbles into a conspiracy after an embarrassing accident

Stream It Or Skip It: ‘The Chair Company’ on HBO, where Tim Robinson is a tightly-wound project manager who stumbles into a conspiracy after an embarrassing accident

Tim Robinson has made his post-SNL years a success by having a keen sense of satire and parody, and an innate ability to play hilariously aggrieved everyman. That was what we saw during his Netflix sketch show I Think You Should Leave, and he’s carried it to his new HBO series, which is a comedic…

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