Posts by Stephanie Irvin
India to borrow 6.61 trillion rupees via bonds in Oct-March
India’s government will maintain its budgeted borrowing programme for the ongoing financial year, and will sell bonds worth 6.61 trillion rupees (S$101.6 billion) from October through March, it said on Thursday (Sep 26). The government had projected gross market borrowing of 14.01 trillion rupees for the April-March financial year in July. Of this, 7.40 billion…
Read MoreSingapore stocks end flat as action switches to North Asian markets; STI down 0.03%
THE Straits Times Index (STI) ended flat on Thursday (Sep 26), bucking North Asian indices which registered strong gains. The STI was down 0.03 per cent or 1.04 points at 3,582.23, as some index stocks took a breather following a sharp run-up. Across the broader market, advancers outnumbered decliners 428 to 226 after 1.4 billion…
Read MoreWorld’s most popular vegetable oil is no longer the cheapest
Palm oil has lost its position as the world’s cheapest edible oil, thanks to shrinking output in the biggest growers and plentiful supply of the main alternative. The tropical oil, which traded at a discount of US$782 a ton to soyoil as recently as November 2022, is currently commanding a rare premium. In contrast to…
Read MoreT-bill cut-off yield falls to 2.97% in first auction after Fed announces rate cut
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) fell to 2.97 per cent in the first auction after the US Federal Reserve announced it was cutting rates in September. This is the first time yields fell below the 3 per cent mark since September 2022. Yields stayed elevated in the past two years…
Read MoreJapan’s NTT Group considers data centre Reit IPO in Singapore
JAPAN’S Nippon Telegraph & Telephone (NTT) is considering listing a global data centre real estate investment trust (Reit) in Singapore, according to sources with knowledge of the matter. The Tokyo-based company known as NTT could raise as much as US$1 billion from the first-time share sale, the sources said, asking not to be identified because…
Read MoreAustralia central bank warns households against over-borrowing once rates fall
AUSTRALIA’S central bank on Thursday cautioned borrowers against taking on excessive debt when interest rates start to fall and risking a boom/bust cycle, though it judged the financial system remained resilient overall. In its semi-annual Financial Stability Review, the Reserve Bank of Australia (RBA) again highlighted the resilience of households, businesses and banks in the…
Read MoreSingapore shares open lower on Thursday; STI down by 0.3%
SINGAPORE stocks began Thursday (Sep 26) trading in negative territory, mirroring overnight losses in global markets. As at 9.01 am, the Straits Times Index (STI) decreased 0.3 per cent or 9.6 points to 3,573.67. Across the broader market, gainers outnumbered losers 63 to 29 after 36.1 million securities worth S$81.5 million changed hands. CapitaLand Integrated…
Read MoreBlackstone confirms £10 billion investment in Britain for AI data centre
US PRIVATE equity firm Blackstone has confirmed a £10 billion (S$17.2 billion) investment for an artificial intelligence data centre in northeast England, the British prime minister’s office said on Wednesday. Construction of the AI data centre next year will create 4,000 jobs, including 1,200 roles dedicated to the construction of the site, Prime Minister Keir…
Read MoreTesla’s potential ‘best quarter’ in China raises expectations
WITH Tesla possibly looking at its “best quarter ever” in China, Wall Street pros are rushing to increase their outlooks for the electric vehicle (EV) maker’s quarterly sales. At least four analysts have boosted their estimates for Tesla’s third-quarter delivery numbers, which are due next week. All point to signs that sales are starting to…
Read MoreMeta debuts Orion AR glasses as eventual smartphone rival
META Platforms debuted its first pair of augmented reality (AR) glasses – devices that show a combined view of the digital and physical worlds, a key step in chief executive officer Mark Zuckerberg’s goal of one day offering a hands-free alternative to the smartphone. The new glasses, introduced on Wednesday (Sep 25) and called Orion,…
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