Offshore
Seatrium shares plunge 7.8% after US$475 million Maersk offshore Wind contract termination
Citi analyst Luis Hilado said the contract termination will likely have a negative near-term impact on its shares[SINGAPORE] Shares of Seatrium plunged as much as 7.8 per cent on...
Temasek proposes 5-year, 10-year and 30-year tranches of offshore Chinese yuan bonds
These will be issued under its US$25 billion guaranteed global medium-term note programme[SINGAPORE] Temasek announced on Tuesday (Jul 22) a proposed notes issuance in a five-year tranche. This is...
Global banks may push back on RBI’s offshore swap reporting plan
Bankers have held discussions through global financial market industry associations, which are expected to submit formal feedback to the central bank by the Jul 7 deadline, the sources sayPublished...
China opens first offshore gold vault and contracts in Hong Kong
[SINGAPORE] The Shanghai Gold Exchange (SGE) has expanded outside mainland China for the first time, with the rollout of two new contracts and a bullion vault in Hong Kong.The...
Fidelity, BlackRock target Chinese demand for offshore funds
[HONG KONG] Fidelity International is poised to offer products that attract mainland investors chasing higher returns from overseas funds, according to sources familiar with the matter.The global asset manager...
Online broker Tiger to double Hong Kong headcount, targets offshore China wealth
[HONG KONG] Tiger Securities plans to double its headcount in Hong Kong over the next two to three years as the online brokerage targets a bigger share of the...
Offshore renminbi funding costs in Hong Kong sink to record low
[HONG KONG] The cost to borrow the offshore renminbi in Hong Kong dropped to the lowest since data became available in 2013, putting pressure on the Chinese currency even...
Bank Indonesia intervenes in offshore rupiah ahead of reopening
It will aggressively intervene in the onshore markets too when they reopen on Tuesday[JAKARTA] Bank Indonesia intervened in the offshore rupiah market ahead of what could be a turbulent...
Seatrium gets offshore rig contract from International Maritime Industries
SEATRIUM’S offshore jack-up designer Seatrium Offshore Technology has won an international tender from International Maritime Industries, a shipyard in the Middle East and North Africa region, for the supply...
Seatrium wins offshore rig contract from Saudi Aramco-backed International Maritime Industries
RIG designer Seatrium Offshore Technology, a wholly owned subsidiary of Seatrium, has secured a contract from shipyard International Maritime Industries (IMI) to provide equipment, and a licence to build...