Market News

  • Canada's Drought Means Expensive Steak Is Here to Stay

    From burger meat to prime steaks, the rising cost of beef from Canada shows no signs of easing anytime soon. To understand why, look no further than ranchers like Shawn Freimark who can’t afford to feed their cattle. A drought has parched pastureland throughout the biggest beef-producing…

    Bloomberg17 mins ago
  • JGBs gain modestly after Greeks reject austerity, 20-yr futures revamped

    Japanese government bond prices rose on Monday amid a flight-to-quality triggered after Greeks rejected austerity in Sunday's national referendum and pushed Athens closer to an euro zone exit. However, ...

    Reuters27 mins ago
  • SGX market activities booked double-digit growth in June

    Securities traded value grew 20% year-on-year and 8% month-on-month to $25 billion, last month, while daily average value was $1.2 billion. Derivatives volume was 22 million contracts, up 152% from a year earlier and 41% higher month-on-month. Daily average volume was 1 million contracts, up 144%…

    Singapore Business Review49 mins ago
  • Iran Wants to Double Oil Exports After Sanctions Lifted

    Iran wants to double its crude exports soon after sanctions are lifted and is pushing other members of the Organization of the Petroleum Exporting Countries to renew the cartel’s quota system.

    The Wall Street Journal50 mins ago
  • Get Ready to Weather the Price of El Niño

    The return of the El Niño weather phenomenon is forcing agricultural commodity players to prepare for low crop yields and heightened price volatility.

    The Wall Street Journal51 mins ago
  • Canada's Manulife to delay Singapore REIT listing due to market conditions

    Canada's Manulife Financial Corp said on Monday it was delaying a plan to raise $421 million through a Singapore listing of a real estate investment trust (REIT), citing unfavourable market conditions. "In light of increased volatility in the equity capital market, the IPO of Manulife US Real…

    Reuters56 mins ago
  • Oil prices tumble after Greece vote, China stock market turmoil

    SINGAPORE/TOKYO (Reuters) - Oil prices fell sharply early on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps to prevent a full-blown stock market crash. "With Greece reserves running low and no immediate…

    Reuters
  • Manulife Unit Delays Singapore Listing

    Manulife US Real Estate Management has delayed its US$465 million plan for an initial public offering in Singapore due to volatile global market conditions, people with knowledge of the deal said.

    The Wall Street Journal
  • Gold Producers See Immediate Advantage Should Greece Exit Euro

    Gold producers see potential for immediate gains should Greece exit the euro after the nation voted against additional austerity measures. The S&P/ASX All Ordinaries Gold Index -- which tracks miners in Australia, the world’s second-biggest producer -- climbed 2.6 percent at 11:37 a.m. in Sydney. …

    Bloomberg
  • The 10 Best Stocks to Hold Forever

    Few people realize these stocks exist. But many of the richest, most successful investors have been cashing in on them for decades. Now you can too...

    StreetAuthoritySponsored
  • China shares jump despite Greek vote

    Mainland Chinese shares surge nearly 8% on Monday despite the rest of Asian markets trading lower on Greece's rejection of austerity demands.

    BBC News
  • Daily Markets Briefing: STI up 0.5%

    Expect a pullback today. According to OCBC, weaker closings in Europe Friday and the 1% tumble in the US index futures are likely to weigh on local sentiment this morning; this after Greece voted “NO” ...

    Singapore Business Review
  • Stuck in 'Grimbo': Stocks Fall as Greece Rejects Bailout

    S&P 500 futures have dropped 1.2% at 9:28 p.m. today, while Dow Jones Industrial Average futures have fallen 1.2%. Nasdaq Composite futures have declined 1.3%. Citigroup's Willem Buiter and team worry that Greece will be stuck "in Grimbo." They explain why: Overall, the NO vote implies that…

    Barrons.com
  • Surprising Reasons Why China's Stock Market Is Not In A Bubble

    An epic freefall in China’s stock market the past month has sickened investors with fear and anger.  The bursting of China’s alleged stock bubble is being blamed for at least two people committing suicide -- one in Shanghai and another in Shenzhen. China’s government has enacted emergency measures…

    Forbes
  • Aussie Drops Below 75 Cents First Time Since 2009 on Greek Vote

    The Aussie dropped below 75 U.S. cents to a six-year low as the heightened risk of a Greek exit from the euro added to slumping commodity prices in spurring traders to sell the South Pacific nation’s currency. Australia’s dollar was already sliding as iron ore, the country’s biggest export earner,…

    Bloomberg
  • AGL Flags $327 Million Writedown on Gas Projects, Asset Sales

    AGL Energy Ltd., Australia’s biggest power producer, will cut about A$435 million ($327 million) off the value of its underperforming gas operations and flagged additional asset sales. It will also lop about A$193 million off the value of the Gloucester gas project after production delays and…

    Bloomberg
  • WA's Ungani Oil Field on Track for Production Startup in Mid-July

    Buru Energy says the Ungani oil field in Western Australia's Kimberly region is on track to commence production in mid-July.

    Rigzone.com
  • U.S. crude slumps after Greek votes no to bailout

    TOKYO (Reuters) - Oil prices slumped in early Asian trade on Monday after Greeks rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership ...

    Reuters
  • Russia Seen as Biggest Oil-Market Loser When Iran Comes Back

    In Iran’s push for a nuclear deal, it’s had few better allies than Moscow. Russia, which vies with Saudi Arabia and the U.S. to be the world’s largest oil producer, has the most to lose when Iran returns to the global energy market, according to a dozen analysts and executives at oil companies,…

    Bloomberg