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Bank of England rate-setter eyes cut on ‘slow puncture’ Brexit
The Brexit-hit pound takes another beating as a policymaker says he could opt for a rate cut to help prop up economic activity.…
Pavilion Energy powers up globally with new Europe HQ
Pavilion Energy group chief executive Frederic Barnaud (above) sees the Singapore market as an important one as it has a location advantage for trading. The BW Pavilion Aranda is a vessel that Pavilion Energy will charter on a…
‘Boris Bus’ maker to crash into administration
Deloitte will be appointed as administrator to Wrightbus on Wednesday, putting 1300 jobs at risk, Sky News learns.…
Traders in trouble: How does Mitsubishi’s $441m loss stack up?
(Clockwise from top left) Rogue traders Nick Leeson, Chen Jiulin, Jerome Kerviel and Kweku Adoboli
(REUTERS) - Mitsubishi Corp said on Friday (Sept 20) that a rogue trader at its Singapore-based unit had lost the company US$320…
Thomas Cook collapse: Holidaymakers’ return to take two weeks
The Civil Aviation Authority launches the UK's biggest ever peacetime repatriation to bring more than 150,000 holidaymakers home.…
Fed jumps into money markets to push down rates, a first since financial crisis
A man walks past the Federal Reserve Bank of New York.
NEW YORK (BLOOMBERG) - The Federal Reserve took action to calm money markets on Tuesday (Sept 17), injecting billions in cash to quell a surge in short-term rates that was…
UK falls behind G7 rivals on work automation planning
A business and energy select committee report says UK progress is 'not fast enough', as entire regions risk being left behind.…
Oil prices fall 6% after historic surge as Saudis signal output to be fully restored soon
An Aramco oil facility at the edge of the Saudi capital Riyadh.
NEW YORK (BLOOMBERG) - Oil sank from a 3½-month high on Tuesday (Sept 17) amid signs Saudi Arabia is restoring production after a debilitating weekend attack on key…
Slide in Singapore non-oil exports slows to 8.9% drop in August
Exports to the majority of Singapore's top markets fell, except for China. ST PHOTO: KUA CHEE SIONG
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