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‘US heating oil market looks tight’

Bloomberg US stocks of distillate fuel oil, which have been trending downwards all year, now look tight following disruption to major refineries caused by Hurricane Harvey. The position is a marked turnaround from the start of the year, when distillate stocks were at record levels following the second warm winter in a row and a prolonged slowdown in freight movements ...

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Singapore seen as top spot to launch global cyber attacks

Bloomberg Singapore has overtaken nations including the US, Russia and China as the country launching the most cyber attacks globally, according to Israeli data security firm Check Point Software Technologies Ltd. The company, whose software tracks an average of eight to 10 million live cyber attacks daily, said Singapore rose to pole position after ranking in the top five attacking ...

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Tata Sons shareholders vote to convert it to a private entity

Bloomberg Shareholders of Tata Sons Ltd. voted to convert the holding company to a private entity, a move that was opposed by ousted Chairman Cyrus Mistry, according to a person familiar with the matter. The motion introduced by the board led by Tata Trusts, which controls 66 percent of the company, dealt a blow to Mistry’s efforts to preserve the ...

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