Posts by Liam Redmond
Oil prices gain on US interception of oil tanker off the coast of Venezuela over weekend
[ad_1] OIL prices climbed in early trade on Monday after the US intercepted an oil tanker off the coast of Venezuela in international waters. Brent crude futures rose 44 cents, or 0.73 per cent, to US$60.91 per barrel by 0141 GMT, while US West Texas Intermediate (WTI) crude rose 40 cents, or 0.71 per cent,…
Read MoreOil up on news the US intercepted an oil tanker off Venezuela
[ad_1] [SINGAPORE] Oil prices rose on Monday (Dec 22) after officials said the US had intercepted an oil tanker in international waters off the coast of Venezuela, raising fresh supply uncertainty. Brent crude futures gained 57 cents, or 0.9 per cent, to US$61.04 per barrel by 0751 GMT, while US West Texas Intermediate crude climbed…
Read MoreGold smashes past US$4,400, silver hits record as rate cut bets fuel rally
[ad_1] Bullion has surged nearly 68% this year, marking its biggest annual rise since 1979 [BENGALURU] Gold crossed the US$4,400-per-ounce level for the first time on Monday (Dec 22), propelled by expectations of US rate cuts and continued safe-haven buying, while silver followed suit, soaring to a new record high. Spot gold climbed 1.7 per…
Read MoreGold hits all-time high, propelled by US rate-cut hopes, safe-haven appeal
[ad_1] [BENGALURU] Spot gold surged to a record high of US$4,383.73 per ounce on Monday, lifted by expectations of further US Federal Reserve rate cuts after last week’s quarter-point reduction, sustained safe-haven demand, and a softer US dollar. Gold, a traditional safe-haven asset, is up 67 per cent for the year, driven by geopolitical and…
Read MoreGold, silver hit record highs on Fed rate-cut bets
[ad_1] [BENGALURU] Gold and silver hit record highs on Monday (Dec 22) as softer US labour data and a tame inflation reading fuelled bets the Federal Reserve will cut interest rates in January. Spot gold climbed 1 per cent to an all-time high at US$4,384.50 an ounce (oz) by 10.03 am. US gold futures added…
Read MoreJalen Brunson does it again with season-high 47 points as Knicks squeeze past Heat
[ad_1] It’s a simple formula, a winning formula: When the Knicks need a victory, they turn to Jalen Brunson. The point guard did it again Sunday night, dropping a season-high 47 points to topple the pesky Heat 132-125. It also represented Brunson’s career high at MSG, although he’s exceeded the total on the road —…
Read MoreCNMC Goldmine shares fall 1.8% on extra tax, penalty in Malaysia
[ad_1] [SINGAPORE] Shares of Catalist-listed CNMC Goldmine fell as much as 7.3 per cent on Monday (Dec 22) as investors reacted to its Malaysian unit facing additional income tax assessments. The counter fell to an intraday low of S$1.01 seconds after market open, having previously closed at S$1.09, but later pared most of the losses…
Read MoreCNMC Goldmine shares fall 7.3% on extra tax, penalty in Malaysia
[ad_1] A Malaysian unit of CNMC Goldmine is facing additional income tax and a penalty worth RM29.6 million [SINGAPORE] Shares of Catalist-listed CNMC Goldmine fell as much as 7.3 per cent on Monday (Dec 22) as investors reacted to its Malaysian unit facing additional income tax assessments. The counter fell to as low as S$1.01…
Read MoreChina leaves benchmark lending rates unchanged for seventh month in a row in December
[ad_1] [SHANGHAI] China left benchmark lending rates unchanged for the seventh consecutive month in December on Monday, matching market expectations. The one-year loan prime rate (LPR) was kept at 3.00 per cent, while the five-year LPR was unchanged at 3.50 per cent. In a Reuters survey of 25 market participants conducted last week, all participants…
Read MoreHow UOB’s Wee Ee Cheong masters the long game
[ad_1] WEE Ee Cheong, the third-generation UOB chief, recently posed a question to AI: what will UOB’s market capitalisation be in ten years? The year 2025 marks UOB’s 90th anniversary, and it will reach its centenary in ten years. AI predicted that relative to its current S$57.5 billion market capitalisation, UOB, Singapore’s third-largest bank, will…
Read MoreRob and Michele Reiner’s family and friends gather at home just one week after their tragic deaths
[ad_1] Rob Reiner and Michele Reiner Singer’s loved ones were photographed gathering at his sister Annie’s home on Sunday, one week after the couple’s tragic deaths. Rob’s younger brother Lucas was spotted wearing black pants, a blue button-up shirt and a black jacket. Other guests carried boxes of what appeared to be food to the…
Read MoreStocks to watch: Seatrium, CNMC Goldmine, Singapore Paincare
[ad_1] [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Dec 22): Seatrium: Seatrium announced on Monday that it has reached an agreement with a buyer, Maersk Offshore Wind’s affiliate, Phoenix II, for it to pay the balance of its contract price – valued at US$360 million –…
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