Economy

Marketmind: Watch those spiralling gas prices

A massive week in monetary policy, with some 16 central banks holding meetings and possibly the first rate hike from a developed nation — Norway. Not to say others will follow any time soon; the Federal Reserve for instance may strees its own rate rises remain distant. Others such as Switzerland and Japan are likely to stay resolutely dovish.

Cathay Pacific lowers Q4 capacity forecast as travel restrictions linger

Hong Kong’s Cathay Pacific Airways Ltd (0293.HK) said on Monday it had lowered its passenger capacity forecast for the remainder of the year to 13% of pre-COVID levels, down from an earlier 30% target for the fourth quarter as travel restrictions linger.

Oil falls to $74 on risk-averse mood, U.S. Gulf output

Oil dropped more than $1 a barrel to around $74 on Monday as rising risk aversion weighed on stock markets and boosted the U.S. dollar, while more U.S. Gulf oil output came back online in the wake of two hurricanes.

Courting startups: Singapore lines up funding to boost IPOs

The Singapore government on Friday unveiled a S$1.5 billion ($1.1 billion) fund as part of a package to attract listings to the city-state’s stock exchange, aiming to boost its exposure to the region’s booming tech sector.

U.S. Gulf crude oil ramps up after hurricane losses -data

U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices easing as more shipments moved out of the region.

Marketmind: Watch those spiralling gas prices

A massive week in monetary policy, with some 16 central banks holding meetings and possibly the first rate hike from a developed nation — Norway. Not to say others will follow any time soon; the Federal Reserve for instance may strees its own rate rises remain distant. Others such as Switzerland and Japan are likely to stay resolutely dovish.

Cathay Pacific lowers Q4 capacity forecast as travel restrictions linger

Hong Kong’s Cathay Pacific Airways Ltd (0293.HK) said on Monday it had lowered its passenger capacity forecast for the remainder of the year to 13% of pre-COVID levels, down from an earlier 30% target for the fourth quarter as travel restrictions linger.

Oil falls to $74 on risk-averse mood, U.S. Gulf output

Oil dropped more than $1 a barrel to around $74 on Monday as rising risk aversion weighed on stock markets and boosted the U.S. dollar, while more U.S. Gulf oil output came back online in the wake of two hurricanes.

Courting startups: Singapore lines up funding to boost IPOs

The Singapore government on Friday unveiled a S$1.5 billion ($1.1 billion) fund as part of a package to attract listings to the city-state’s stock exchange, aiming to boost its exposure to the region’s booming tech sector.

U.S. Gulf crude oil ramps up after hurricane losses -data

U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices easing as more shipments moved out of the region.

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