Posts by Yurie Miyazawa
India to revamp power demand forecasting for better planning
INDIA is overhauling the way it forecasts electricity demand to ensure generation capacity matches what’s needed and the grid remains stable with increasing volumes of clean energy. The government’s Central Electricity Authority, or CEA, is seeking cooperation with weather agencies to access better environmental data and plans more frequent forecasts to account for unexpected events,…
Read MoreAsia: Markets rise ahead of US election, Chinese stimulus meeting
ASIAN markets rose on Monday (Nov 4) as investors steel themselves for a too-close-to-call US presidential election, while Chinese leaders meet to hammer out a stimulus package that experts say could be determined by the vote. The gains came after a positive lead from Wall Street and data showing far fewer US jobs were created…
Read MoreUS Fed to debate rate cut in shadow of presidential election
THE US Federal Reserve is widely expected to cut interest rates again this week, while votes are being counted in one of the closest-fought presidential races in decades. Opinion polls show Democratic Vice-President Kamala Harris and Republican former president Donald Trump in a dead heat ahead of Election Day on Tuesday (Nov 5). The Fed’s…
Read MoreSingapore shares rise at Monday’s open; STI up 0.5%
SINGAPORE stocks started trading in positive territory on Monday (Nov 4) after global markets ended the previous week higher. As at 9.01 am, the Straits Times Index (STI) opened 0.5 per cent or 17.92 points higher at 3,573.35, Across the broader market, gainers outnumbered losers 67 to 50 after 35.9 million securities worth S$56.5 million…
Read MoreOpec+ delays supply restart again as crude prices struggle
ORGANIZATION of the Petroleum Exporting Countries Plus (Opec+) agreed to push back its December production increase by one month, the second delay to its plans to revive supply as prices continue to struggle amid a fragile economic outlook. The group led by Saudi Arabia and Russia had intended to begin a series of monthly production…
Read MoreAustralia’s Westpac annual profit down as costs overshadow margin bump
No 2 Australian mortgage lender Westpac said on Monday (Nov 4) that annual profit dipped as costs associated with a technology overhaul outweighed an improved loan margin, but upped its final dividend and extended a share buyback. The result, which was better than feared, shows a company navigating what it hopes is the final stretch…
Read MoreValue-unlocking moves will enliven market more than any new SDRs, Catalist listings
New Singapore Depository Receipts may get a warm reception while latest Catalist listings get a cold shoulder; but Hongkong Land’s pivot could matter most LOCAL investors are gaining access to a wider range of exciting stocks through the Singapore Exchange (SGX) platform. No, I’m not alluding to the recent debut of restaurant player Food…
Read MoreS&P 500 shows bearish momentum
LAST Thursday (Oct 31), the S&P 500 index opened lower at 5,775.34 and continued its downward trajectory throughout the day, reaching an intraday low of 5,702.86. By market close, the index had fallen 108.22 points, or 1.86 per cent, to finish at 5,705.44, marking another day in the red. Before the market opened, the US…
Read MoreHow one of the tiniest oil markets cost Singapore-based Trafigura over US$1 billion
Trafigura Group is a giant of commodity trading. On any given day, it handles enough oil to supply the entire needs of France three times over. Its global reach stretches from US crude oil export infrastructure to fuel stations in more than 20 countries across Africa, Asia and Latin America. Yet in a distant corner of its empire,…
Read MoreHospitality S-Reits’ RevPAR mostly resilient as tourism activity normalises
SINGAPORE real estate investment trusts (S-Reits) with hospitality assets have reported mostly stable operating performance in the third quarter even as tourism activity normalises following the post-pandemic travel boom. Business updates released last week show that revenue per available room (RevPAR) for most trusts remained relatively resilient, despite a high base from the strong growth…
Read More