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Petrobras shares slump as Brazil’s Bolsonaro doubles down on intervention

Petrobras shares plunged 22per cent on Monday, wiping out 71 billion reais (US$13 billion) in market value, as Brazilian President Jair Bolsonaro again slammed its pricing policies after he replaced the state-controlled oil company's market-friendly CEO with a retired army general.

Markets

Occidental Petroleum posts larger quarterly loss on asset sale

Occidental Petroleum Corp posted a larger-than-expected loss of US$731 million on Monday on an asset sale in the Permian Basin.

Markets

Shale producers see deep freeze hitting thousands of barrels of output

Occidental Petroleum Corp, Diamondback Energy Inc and a host of smaller Permian-focused U.S. shale producers said on Monday their first-quarter oil output will be hit by a recent winter storm that knocked out power to millions in Texas.

Markets

Commentary: Here’s how green bonds will take Singapore’s reputation as a finance hub to the next level

The Singapore Government’s move to issue green bonds for S$19 billion worth of infrastructure projects positions the country as a trusted hub for green finance, say PwC’s Fang Eu-Lin and Mark Rathbone.

Markets

Occidental Petroleum posts loss on asset sale

Occidental Petroleum Corp posted a larger-than-expected loss of US$731 million on Monday on an asset sale in the Permian Basin.

Markets

Calls to guard against greenwashing as sustainable investing races ahead

WHILE the applause gets louder for the rising interest in sustainable investing - that is, investing according to environmental, social and governance (ESG) principles - calls for safeguards against greenwashing are also growing in volume.

Markets

LCH extends central clearing tenor for Sora derivatives

THE maximum central clearing tenor for over-the-counter Singapore Overnight Rate Average (Sora) derivatives by global clearing house LCH has been extended to 21 years from 5.5 years previously.

Markets

Exclusive: Discount retailer Dollar General takes steps to find possible CEO successor – sources

Discount chain Dollar General Corp, one of the few U.S. retailers thriving during the COVID-19 pandemic, is taking steps to find a potential successor to Chief Executive Todd Vasos, people familiar with the matter said on Monday.

Markets

Apple users may spend more on non-gaming mobile apps by 2024 – report

Apple Inc's customers may end up spending more on non-gaming mobile apps by 2024, data analytics firm SensorTower said on Monday, as lockdown lifestyles result in users looking beyond games to apps that help with more essential services.

Markets

US House budget panel approves US$1.9 trillion COVID-19 aid bill

The U.S. House of Representatives budget committee approved Monday a bill with US$1.9 trillion in coronavirus relief, backed by President Joe Biden.

Markets

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