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/ 3 December 2007
Oil bounced back above a barrel on Monday as traders bet last week’s nearly sell-off was overdone, and might turn the tides against an expected increase in output by the Organisation of the Petroleum Exporting Countries when the cartel meets later this week.
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/ 29 November 2007
Oil prices rebounded by over a barrel on Thursday, after an explosion and fire at an oil terminal in Minnesota shut down most of the main pipeline that delivers Canadian crude to United States Midwest refineries. US crude rose by ,11 to ,73 a barrel by 4.35am GMT, recouping some of the previous session’s loss of ,80, or 4%.
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/ 28 November 2007
Oil fell below a barrel on Wednesday, pinching some of Asia’s top resource stocks, while nagging fears that a credit market squeeze will sap global growth weighed on the dollar and the region’s exporters. News that top United States bank, Citigroup, got a ,5-billion capital injection from Abu Dhabi’s investment arm on Tuesday buoyed US stocks.
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/ 27 November 2007
Singapore has banned an Xbox video game because it contains a sex scene between a woman and a female alien character, the city-state’s censors said. Mass Effect, a futuristic space adventure published by Microsoft, has been banned from sale because of ”lesbian intimacy” between two characters.
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/ 23 November 2007
The dollar hit a new record low against the euro on Friday in a market worried over lower forecasts for United States growth, dealers said. Europe’s single currency struck a new record peak of ,4922 in morning Asian trade, up from the previous record of ,4875 reached on Thursday. The unit was created in 1999.
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/ 13 November 2007
Oil prices dropped on Tuesday after a key Organisation of the Petroleum Exporting Countries (Opec) member left open the possibility the oil cartel will increase output to curb rising prices, and following the strengthening of the dollar overnight. Light, sweet crude for December delivery fell by six cents to ,56 a barrel.
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/ 9 November 2007
Oil prices rose on Friday to regain ground lost in a fall the previous session, as persistent supply concerns and a late rebound in United States stocks offset worries about US economic growth. Wall Street fell on Thursday but finished well off its lows after a late rebound in financial shares lifted other stock sectors.
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/ 2 November 2007
Ernie Els’s miserable week continued with a second-round collapse at the Singapore Open on Friday, the South African’s 76 leaving him six-over for the tournament and likely to miss the cut. The world number four lost in a play-off to Australia’s Adam Scott here last year and came into the -million event as one of the favourites.
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/ 1 November 2007
Phil Mickelson made a smooth transition to the rigours of Asian golf on Thursday to lurk two off the pace alongside KJ Choi after the opening round of the Barclays Singapore Open. The world number two, in a rare outing to the region, fired five birdies in his three-under-par 68 to remain in touch with a trio of overnight leaders.
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/ 1 November 2007
Ernie Els has told Colin Montgomerie to stop ”shooting his mouth off” after the Scottish star hit out at the South African for skipping the European Tour’s season-ending Volvo Masters in Spain. ”I know where he’s coming from so it’s no surprise,” said Els in response to Montgomerie’s comments.
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/ 31 October 2007
World number four Ernie Els lashed out Wednesday at the European Tour for ”screwing up” their dates by scheduling the Volvo Masters to clash with the Barclays Singapore Open. Els leads the European Order of Merit by €222 000 from Ireland’s Padraig Harrington but is unable to play at the Masters in Spain this week.
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/ 30 October 2007
The Asian Tour has more potential for growth than any other tour in the world, according to some of the world’s most successful stars who have seen big improvements in recent years. Lee Westwood, Michael Campbell and Vijay Singh have all been regular visitors to Asia over the past decade and they are impressed with what has been happening.
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/ 30 October 2007
Ernie Els is still on a high after rejuvenating his stalled career by winning the World Match-Play Championship this month, and he now wants revenge over Adam Scott in Singapore. The big South African put inconsistent form behind him to grab the £1-million winner’s cheque at Wentworth and it has fired him up for the Singapore Open.
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/ 30 October 2007
Oil prices fell nearly 1% to below a barrel on Tuesday, fading from their latest record high as investors took profits from a rally driven by a Mexican supply failure and the spiralling dollar. United States crude fell by 71 cents to ,82 a barrel by 5.43am GMT after hitting a record high of ,80.
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/ 27 October 2007
South African star swimmer Roland Schoeman grabbed three gold medals and a silver to set the standard on the opening day of the Fina World Cup on Saturday. The Arizona-based Schoeman started off with a bang, winning the 100m freestyle in the season’s best time of 47,34 seconds and followed up with gold in the 50m breaststroke (27,45sec).
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/ 25 October 2007
Singapore will make history when it stages the first Formula One night race next year after the sport’s governing body gave the go-ahead, the race promoter said on Thursday. Singapore GP Ltd said the Federation Internationale de L’Automobile (FIA) gave its approval for the night race through the Singapore Motor Sports Council.
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/ 25 October 2007
The days of cursing the passenger in front of you could be over. On the world’s biggest airliner, the Airbus A380, it is the little things that will make travel more comfortable for ordinary flyers, said Tom Ballantyne, senior correspondent for the industry publication <i>Orient Aviation</i>.
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/ 22 October 2007
Passengers elated over their upcoming flight on the Airbus A380, the biggest commercial jet in the world, are taking notes on their preparations and planning celebrations even before take-off. The Singapore Airlines flight on October 25 bound for Sydney is set to carry 471 passengers who bid for seats in an online charity auction.
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/ 13 September 2007
Oil prices dipped on Thursday but held near the previous day’s record high above a barrel, as dealers watched a hurricane in the Gulf of Mexico after a sharp fall in United States crude stocks. US crude traded 12 cents lower at ,79 a barrel by 8.39am GMT, after climbing ,68 on Wednesday, when it hit a record of ,18.
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/ 12 September 2007
Oil prices slipped on Wednesday after finishing at a record close in the previous session on worries about tight supplies. Light, sweet crude for October delivery fell six cents to ,17 a barrel in Asian electronic trading on the New York Mercantile Exchange by late afternoon in Singapore.
Natural disasters are far more destructive than wars, and the damage will only worsen unless drastic change is taken to address global climate change, a former United Nations humanitarian chief said on Tuesday. "Already seven times more livelihoods are devastated by natural disasters than by war worldwide, and this is going to get worse," Jan Egeland said.
Crude oil prices rebounded in Asian trade on Wednesday after dropping below overnight as Hurricane Dean weakened and it appeared the storm would have no lasting effect on Mexican oil production. Light, sweet crude for October delivery rose by 27 cents to ,84 a barrel in Asian electronic trading on the New York Mercantile Exchange.
Oil prices fell on Monday as traders took profits after crude futures settled near an all-time high in the previous session. Light, sweet crude for September delivery lost 46 cents to ,72 a barrel in Asian electronic trading on the New York Mercantile Exchange, mid-afternoon in Singapore.
British actor Ian McKellen on Tuesday urged tightly-governed Singapore to loosen up and repeal its archaic laws barring homosexual acts. The openly gay McKellen indicated the laws may affect a vibrant business city like Singapore, which is vying with other Asian cities to draw more foreign talent and professionals.
Dental experts have raised doubts over the authenticity of a purported Buddha’s tooth in a Singapore temple, claiming it could not have come from any human being, a newspaper reported. ”There is absolutely no possibility that it is a human tooth,” said a senior lecturer at the University of Melbourne’s school of dental science.
Oil prices rose in Asian trading on Thursday following a United States government report that showed an unexpected fall in gasoline stocks amid peak summer driving-season demand. Light, sweet crude for August delivery gained 39 cents to ,36 a barrel in electronic trading on the New York Mercantile Exchange.
World number four Adam Scott will defend his Singapore Open title in November, with world number five Vijay Singh and world number six Ernie Els attempting to dethrone him. The golfing big guns are heading to the city-state with prize money for the tournament at the newly renovated Serapong course at Sentosa Golf Club boosted by -million.
United States Defence Secretary Robert Gates declined to comment on Sunday about Friday’s reported US naval strike on targets in Somalia, saying it was possibly an ongoing operation. ”I think that’s possibly an ongoing operation and I’m not going to talk about it,” Gates told a news briefing on the sidelines of an Asian security conference.
What makes a successful tourist destination? Casinos, theme parks and Bollywood films — or a mix of historic sites and local culture? As Singapore reduces its dependence on electronics exports it wants to boost its tourism industry — currently about 5% of gross domestic product — and is betting on casinos and other imported entertainment to lure millions more visitors.
From three grands prix four years ago to six today, Asia has become the new focus for the movers and shakers who drive Formula One (F1). The announcement of Singapore as a host city last week reinforces F1 supremo Bernie Ecclestone’s belief that the region is a key cog in the sport’s future development.
Oil prices were steady around a barrel in Asian trading on Friday despite a spate of oil-worker kidnappings and attacks in Nigeria’s oil-rich delta region. Light, sweet crude for June delivery slipped three cents to ,16 a barrel in electronic trading on the New York Mercantile Exchange midmorning in Singapore.
Singapore’s powerful former prime minister Lee Kuan Yew, acknowledging the view that some people are genetically destined to be homosexual, has questioned the city-state’s ban on sex between men. Under Singapore law, a man who is found to have committed an act of ”gross indecency” with another man can be jailed for up to two years.