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JPMorgan Upgrades Singapore Stocks to Overweight After Budget

(Bloomberg) -- JPMorgan Chase & Co. has upgraded Singapore stocks to overweight, citing government support to the market, high dividend yields, and fiscal room to cushion the impact of an external slowdown.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private Winnipeg“We b

Carson Block Stays Away From Chinese Stocks’ Widening Rebound

(Bloomberg) -- Carson Block, a longtime China skeptic, is giving the nation’s current stock market rally a miss, citing unreliability in corporate accounting and geopolitical risks.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private Winnipeg“What I’ve been banging the dr

Oil holds near one-week high on supply concerns, sanctions on Russia eyed

Oil prices held near a one-week high on Wednesday on worries about supply disruptions in Russia and the U.S., while the market awaited clarity on sanctions as Washington tries to broker a deal to end the war in Ukraine. Brent futures rose 20 cents, or 0.3%, to settle at $76.04 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 40 cents, or 0.6%, to settle at $72.25. "The market is trying to make up its mind on three bullish drivers: Russia, Iran and OPEC," said BNP Paribas commodities strategist Aldo Spanjer.