Posts by Stephanie Irvin
BOC Aviation wants to raise fleet size by 50% to 1,000 to stay at forefront of industry
2030 target will give aircraft lessor the scale to do the bigger deals with the bigger airlines BOC Aviation, an aircraft lessor, aims to grow its fleet to 1,000 planes by 2030 – up from the current 680 – in order to maintain its portfolio scale and its position among the world’s top five lessors.…
Read MoreRubber rallies on wave of volatility
THE benchmark TSR20 Rubber Futures Contract, a widely traded commodity listed on the Singapore Exchange (SGX), has shown intriguing price movements recently. The global rubber market has experienced fluctuations fuelled by a combination of supply-side disruptions, pace of demand recovery in key sectors, and the weakening of the US dollar. As the market braces for…
Read MoreInstitutions net buyers of Singapore stocks
INSTITUTIONS were net buyers of Singapore stocks over the five trading sessions spanning Sep 13 to 19, with S$367 million of net institutional inflow, bringing total net inflows from the 15 trading sessions from Aug 30 (which included the MSCI Index rebalancing) to Sep 19 to S$1.2 billion. These 15 sessions have seen a reversal…
Read MoreGoogle judge questions company testimony as ad defence begins
A senior Google executive sought to refute the US Justice Department’s antitrust case over its display advertising technology business, testifying that it faces “fierce competition” from the likes of Microsoft, Amazon.com and Meta Platforms. But the federal judge overseeing the trial in Virginia called the testimony “highly questionable” and potentially “tainted” given that Google officials…
Read MoreUS: Equities end flat but Dow ekes out record in strong week
US stocks closed nearly unchanged on Friday (Sep 20), as investors paused buying after a strong rally in the prior session that was fueled by an upsized interest rate cut by the Federal Reserve, while Nike’s gains helped nudge the Dow to a record. After notching their biggest daily percentage gains since mid-August, major averages…
Read MoreCentral banks may face volatile inflation for years to come: ECB’s Lagarde
PROFOUND shifts in the world economy could make inflation volatile for years to come, complicating efforts to control prices, but sticking with inflation-targeting regimes is still the best option, European Central Bank president Christine Lagarde said on Friday (Sep 20). Economic shifts from deglobalisation and protectionism to vast advances in technology have puzzled economists over…
Read MoreIndia central bank bought net US$6.93 billion in spot forex market in July
The Indian rupee depreciated by 0.4% against the dollar in July, the worst since March The Reserve Bank of India (RBI) bought a net of US$6.93 billion in the spot foreign exchange market in July, data released on Friday (Sep 20) as part of the central bank’s monthly bulletin showed. The RBI said it purchased…
Read MorePertamina’s shipping unit to double tanker fleet in next 10 years
THE shipping unit of Indonesia’s state energy firm Pertamina plans to double its fleet of 320 tankers in the next 10 years, the unit’s chief executive officer Yoki Firnandi said in a conference on Thursday (Sep 19). The expansion, aimed at reducing the average age of the company’s fleet, is set to include investment in…
Read MoreApple wins big as US$250 billion of index trades hit Wall Street
AN ACTION-PACKED week on Wall Street ends with a bang as index-tracking funds are set to reshuffle US$250 billion of shares, just as a “triple witching” trading event hits. Equity gauges from S&P Dow Jones Indices and FTSE Russell will be revamped on Friday (Sep 20), with this quarterly activity forecast to be the…
Read MoreWorld’s biggest millionaire boom draws wealth managers to Taiwan
TAIWAN’S position at the heart of the artificial intelligence (AI) boom is generating a dramatic increase in wealth, manufacturing about 90 per cent of the advanced semiconductors crucial to the technology. At least six global financial shops are beefing up their presence on the island as the population’s financial and property assets reached US$6 trillion…
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