Business

OPEC heads for rollover, bigger oil cut unlikely: delegates

The oil market's patience is being tested to the limit. Among the region's main indexes Hong Kong fell one per cent in the afternoon, Shanghai ended 0.8 per cent lower and Sydney slipped 0.7 per cent while Singapore retreated 0.2 per cent.

Business

Don't avoid gluten unless you have celiac disease

The findings contradict the broad-stroke vilification of gluten that has become popular among many non-celiacs. But despite the trend towards low-gluten or gluten-free diets, no long-term studies have assessed the relation of dietary gluten with the risk of chronic conditions such as coronary heart disease in people without the disease.

Business

NuTonomy, Groupe PSA to collaborate on self-driving cars

Driverless Peugeot cars will soon be on Singapore's roads as part of a trial, following a pact Wednesday between its French manufacturer Groupe PSA and Singapore-based start-up nuTonomy . The collaboration, which is being implemented under PSA's "Autonomous Vehicle for All" (AVA) programme, will bring to market on-demand mobility solutions offering full autonomy.

Business

Fed set to leave interest rates unchanged, may hint at June hike

Adjustments from previous statements indicated that Fed officials judged at this week's two-day meeting that "economic activity slowed" while " household spending rose only modestly ". USA consumers cut back sharply on buying durable goods such as autos in March, leaving overall spending unchanged for a second straight month. But many reckon that with two more rate rises already priced by the market for 2017, only a very hawkish message will swing the United States dollar sharply.

Business

Credit Suisse Group AG Reaffirms Hold Rating for Kinross Gold Co. (KGC)

These large trades can affect the price of a commodity significantly. "The company also needs to improve its reserve base significantly for future growth". Sure, the percentage is encouraging but more headwinds are coming as looking out over a next 5-year period, analysts expect the company to see its earnings go down by 0%, annually.

Business

Highlights: Black Sticks beat Malaysia 1-0 at Sultan

The Kookaburras, ranked second in the world, took the lead in Malaysia through Trent Mitton before Mark Gleghorne levelled for GB. In another match , Matt Dawson's 52nd-minute penalty corner conversion ensured defending champions Australia a 2-1 victory over Great Britain.


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