Posts by Stephanie Irvin
Carlyle buys stake in real estate finance company North Bridge
CARLYLE is buying a minority stake in North Bridge, a finance company that focuses on a type of private credit lending to landlords for clean energy projects. The transaction also includes Carlyle committing up to US$1 billion to help North Bridge make loans, indicated a statement. North Bridge focuses on putting together what are known…
Read MoreUS dollar soft, yen strong as bets firm on aggressive Fed rate cut
THE US dollar was lower on Monday (Sep 16) while the yen hit its highest level in more than a year, as market participants increasingly expected an oversized rate cut by the Federal Reserve later this week. The dollar traded at 140.01 yen at 1140 GMT, after falling to as low as 139.58 yen in…
Read MoreArabica coffee futures hit highest since 2011 on supply worries
A CUP of coffee is set to get even pricier as persistent supply disruptions push costs for premium arabica beans to the highest in 13 years. Futures surged as much as 3.3 per cent to US$2.6805 per pound in New York, the highest since 2011. Prices are up roughly 40 per cent this year as…
Read MoreIndia gets US$386 billion funding to expand renewable energy capacity by 2030
RELIANCE and Adani, India’s two biggest conglomerates, and other firms committed to help the country reach its goal of 500 gigawatts (GW) of clean energy by 2030, while financial companies vowed US$386 billion in funding, the renewable energy minister said on Monday (Sep 16). “We received overwhelming commitments from states and Union Territories as well…
Read MoreApollo inks US$1 billion deal with BP to fund stake in Trans Adriatic gas pipeline
Proceeds from the deal will contribute to BP’s 2024 divestment and other proceeds target of US$2-3 billion Apollo Global Management has signed a US$1 billion deal with British energy major BP to fund its stake in the Trans Adriatic natural gas pipeline, the companies said on Monday (Sep 16). The US-based asset management company would…
Read MoreFalse alarm no longer? Recession fears continue to spook US stock market
Recent data is not consistent with the US economy falling off a cliff, but there is ample evidence of teetering on the edge of one FOR the second time in a little over two months, the US stock market is experiencing fears of a recession. This time, it might not be a false alarm, with…
Read MoreAsia: Markets wobble ahead of Fed as China fears dent sentiment
ASIAN investors trod cautiously on Monday as they struggled to build on recent equity gains, with debate swirling around how big an expected US interest rate cut will be this week, while sentiment was being dragged by worries about the Chinese economy. The yen edged to a new high since December ahead of the Federal…
Read MoreChina’s fading hunger for grain spells trouble for world farmers
WAREHOUSES across China are bulging with grain as a deepening economic crisis takes hold, leaving the world’s farmers to grapple with the prospect of a long-lasting slowdown gripping one of their largest customers. The strain across global markets is already showing. French barley exports to China have been tumbling and the US has yet to…
Read MoreSingapore shares open lower on Monday; STI down 0.2%
SINGAPORE stocks began Monday (Sep 16) trading in negative territory, despite gains in global markets last Friday. As at 9.01 am, the Straits Times Index (STI) dipped 6.55 points or 0.2 per cent to 3,556.1. Across the broader market, gainers outnumbered losers 67 to 36, after 27 million securities worth S$40.4 million changed hands. Telco…
Read MoreChina’s never-ending bond bull run fuels speculation regulators may intervene
OVER the past year, China’s bond market has witnessed a surge in trading activities, driven primarily by an influx of funds into long-term government bonds. The central bank has repeatedly issued warnings, and some large banks have come under investigation for selling long-term bonds and making illegal transactions, leading to speculation that regulators might intervene…
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