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BusinessThe Smart Investor8 Thai Blue Chip Stocks You Can Buy on the SGX
The Singapore Exchange recently welcomed five Thai blue chip companies to be traded, bringing the total to eight. Should you seize the opportunity to invest? The post 8 Thai Blue Chip Stocks You Can Buy on the SGX appeared first on The Smart Investor.
- NewsReuters SG
Trafigura delivers large amounts of aluminium to LME for lucrative rent deals, sources say
Commodity trader Trafigura delivered more than 400,000 metric tons of aluminium to London Metal Exchange (LME) warehouses for lucrative financial deals, three sources familiar with the matter told Reuters, explaining a hefty jump in stocks. The so-called rent deals allow LME-approved warehouses to share fees with companies that deliver metal to them. Companies that deliver aluminium for rent deals do not have to retain ownership of the metal, but can get a share of the rent, paid by the new owners, for as long as the metal stays in that warehouse.
- NewsReuters SG
Russia's refined oil product exports to Singapore to hit highest this year in May, traders say
Russia's exports of naphtha to Singapore are on track to rise to their highest level this year in May as Russian refineries recover from drone attacks, traders and analysts estimated, with the trend poised to continue as more capacity comes online. Singapore imports of Russian naphtha, a key ingredient for making petrochemicals such as plastics and textile fibres, will rise to about 415,000 metric tons in May, LSEG Research estimated, while consultancy FGE expects nearly 500,000 tons. "The refinery (attack) impact wanes off through May and June, which is why we may expect higher exports from Russia," said Armaan Ashraf, global head of natural gas liquids at FGE.
