Markets

Crude prices climbed more than 1per cent on Monday after a major cyber attack that forced the shutdown of critical fuel supply pipelines in the United States, highlighting the fragility of oil infrastructure.

:The White House was working closely with top U.S. fuel pipeline operator Colonial Pipeline on Sunday to help it recover from a ransomware attack that forced the company to shut a critical fuel network supplying populous eastern states.

Hong Kong's Cathay Pacific has launched its first U.S. dollar bond in 25 years, according to a term sheet seen by Reuters.

The dollar languished near a more than two-month low versus major peers on Monday as investors continued to assess the implications for monetary policy of a disappointing U.S. employment report, ahead of inflation data this week.

Stocks rose on Monday amid speculation that interest rates will remain low for an extended period due to the receding risk of a rapid acceleration in inflation, while oil prices jumped after a cyber attack on a U.S. pipeline operator unnerved markets.

Singapore was on track for a highly anticipated 2021 growth recovery theme, but it is too early to predict if the second half of the year will be derailed, says OCBC chief economist Selena Ling.

Enjoy this stimulus package from grocery delivery apps while you can because it shouldn't last very long, says the Financial Times' tech correspondence Tim Bradshaw.

It’s time to put to rest the myth that using coal, which Indonesia’s economy now relies on, can be a long-term resource for the country’s energy needs, says Greenpeace's Tata Mustasya.

SINGAPORE: With consumers and businesses gobbling up more data in an increasingly connected world, data centres are in hot demand.    Packed with rows and rows of servers, they store, process and communicate data produced every single day, forming the backbone of a booming digital economy around ...

SINGAPORE'S new restrictions on work pass holders from higher-risk regions could cause temporary uncertainty for companies in the technology and financial sectors, but this blip is unlikely to significantly dent expansion plans, observers told The Business Times.Continued on Page 2