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    Oil Markets Are Bearish But Downside Is Limited

    Oil prices have given up all of their gains for 2022 as bearish sentiment builds, but the downside is limited from here according to Standard Chartered

  • Reuters SG

    CORRECTED-Hong Kong exchange carries out first carbon credit trades

    The Hong Kong stock exchange has carried out the first batch of carbon credit trades on its new voluntary carbon market, joining a handful of Asian exchanges in tapping opportunities resulting from governments' push to achieve climate goals. The inaugural trades on Hong Kong Exchanges & Clearing's (HKEX) Core Climate platform announced on Thursday spanned carbon credits from more than 30 international projects involving around 20 participants, the exchange said. A carbon credit or offset permits the buyer to emit one metric tonne of carbon dioxide or equivalent greenhouse gas.

  • Reuters SG

    Affirma Capital seeks to sell stake in Jordan's Fine Hygienic Holding -sources

    Singapore-based buyout firm Affirma Capital is seeking to exit its stake in Jordan-based Fine Hygienic Holding, one of the Middle East's largest makers of tissue and paper products, two sources told Reuters. Affirma is working with Moelis & Co to arrange the sale of its significant minority stake in the company, said the sources, who sought anonymity as the matter is not public. Affirma, Moelis and Fine declined to comment when contacted by Reuters on Tuesday.