Daily Archives: September 25, 2018


Singapore Stocks Watch: STI resumes Tuesday afternoon at 3,234.17, up 0.5%

Singapore Stocks Watch: SINGAPORE stocks continued exchanging higher after Tuesday’s meal break, with the Straits Times Index rising 15.01 focuses or 0.5 for every penny to 3,234.17 as at 1.01pm.

Gainers dwarfed failures 156 to 129, as around 524.6 million offers worth S$424.7 million altogether changed hands.

The most effectively exchanged counter was Nico Steel with 115.11 million units, up 66.67 for each penny, or 0.2 Singapore penny, to 0.5 Singapore penny. Different actives included Ezion with 68.58 million offers exchanged, up 4.17 for each penny to 7.5 Singapore pennies; and KrisEnergy with 26.07 million offers evolving hands, rising 4.55 for every penny to 11.5 Singapore pennies.

Among dynamic list stocks, OCBC Bank included 0.97 for each penny, or 11 Singapore pennies, to S$11.47, while UOB crept up 0.45 for each penny, or 12 Singapore pennies, to S$27.00

MAS uncovers most recent requirement monograph

It clarifies the office’s investigative controls over the money related area.

The Monetary Authority of Singapore (MAS) uncovered its requirement monograph to give more noteworthy lucidity and straightforwardness into how MAS deflects, recognizes, explores and makes a move against breaks of the guidelines and controls it oversees, a declaration uncovered.

Also, the monograph plots how its requirement office cooperates with the other money related area oversight works in MAS to maintain Singapore’s notoriety for being a perfect and confided in monetary focus.

“At the point when unfortunate behavior happens, it is basic that MAS can recognize, explore and make unequivocal move to implement any rupture of our standards and controls,” MAS collaborator overseeing chief for capital markets Lee Boon Ngiap said. “The implementation monograph gives nitty gritty bits of knowledge into MAS’ authorization procedures and how we distinguish and manage offense cases quickly and reasonably, keeping in mind the end goal to advance market trustworthiness and customer certainty.”

The new monograph is a modified adaptation of the past one place up in January 2016. The most recent version contacts the methodology that MAS takes towards authorization, the job of implementation in the budgetary business oversight, and the key zones of MAS’ requirement practice and powers over the money related industry.

The authorization approach eyes for early location of misconduction and law infringement, compelling discouragement, and to shape business and market lead.








  • Gold prices were higher on Monday as the greenback slumped amid trade war tensions and investors waited for the Federal Reserve’s interest rate decision this week. Comex gold futures for December delivery increased 0.36% to $1,205.60 a troy ounce as of 9:29 AM ET (13:29 GMT). The Fed meets on Tuesday and Wednesday, with traders expecting a rate hike for the third time this year.
  • Oil prices continued to climb on Monday as an Iranian official said Saudi Arabia and Russia lack the capacity to add more oil to the market. West Texas Crude oil futures for November rose 1.96% to $72.17 a barrel as of 10:49 AM ET (14:49 GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., increased 2.21% to an almost four-year-high of $79.97.
  • Saudi Arabia and Russia won’t add significantly more oil to the market because of a lack of capacity, a top Iranian official said on Monday, predicting prices will probably rise further. On Sunday, ministers and officials from the Organization of the Petroleum Exporting Countries plus Russia and other allies ruled out an immediate oil-output boost, in effect rebuffing U.S. President Donald Trump’s calls for action.



  • The euro zone should be preparing for a big hit if the protectionist measures announced by the United States and China are implemented, the head of the European Central Bank said on Monday. “For the time being, we don’t know what the final size of all this will, be but we know it’s going to be big and we should do our best to be prepared,” Mario Draghi told the EU Parliament in Brussels.
  • President Emmanuel Macron’s government is set to present a series of measures to keep French borders open and transport with the U.K. running as France vows to increase pressure for a Brexit accord. French European Affairs Minister Nathalie Loiseau will present provisions to maintain physical links with the U.K. on Oct. 3 at the weekly cabinet meeting, government spokesman Benjamin Griveaux told reporters in Paris on Monday.
  • Argentina will add $3 billion to $5 billion in additional credit to a $50 billion standby deal the country signed with the IMF in June to cover its financing needs, La Nacion newspaper reported on its website on Monday, citing official sources. It was not immediately possible to confirm details of the report. President Mauricio Macri is in New York for the United Nations General Assembly, where he is due to hold talks with foreign investors and meet with U.S. President Donald Trump, the newspaper said.


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