Sellers of 380-centistoke fuel oil, or bunkers, will receive an average US$4.20 ($5.37) a metric ton more than what they pay for the cargoes in Singapore this year, according to the median estimate in a survey of six traders conducted Jan. 24-27. The difference, known as the bunkers premium, shrank to an average US$3.40 a ton last year from US$5.92 in 2009 and $12.14 in 2008, according to data compiled by Bloomberg.
1935: The first canned beer in the United States goes on sale in Richmond, Virginia. By the end of the year, 37 breweries follow the lead of the Gottfried Krueger Brewery.
The American Can Co. began experimenting with canned beer in 1909. But the cans couldn’t withstand the pressure from carbonation — up to 80 [...]
The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index dropped 0.7% to 3,184.60.
Singapore’s Keppel Corp (KPLM.SI), the world’s largest builder of oil rigs, said on Sunday it has secured an order from Clearwater Capital Partners to build two jackup rigs for US$360 million ($462 million). Keppel Corp. fell 1.2% to $11.36.
Singapore shares may gain on Monday after Wall Street ended the week mostly higher and on optimism the euro zone’s debt problems may be receding.
Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.65% on Friday to 3,184.60 points.
Here are some stocks and factors to watch:
OCBC, that has a Buy rating, and tweaks fair value to $2.79 from $2.70 on M1’s lower capex guidance, says the results were “almost spot on our expectations.”
JP Morgan said it expects the bank’s low return on equity to reverse over the next three years and rise to 14% in 2013, from 9% in 2009.
An undisclosed investor is selling about 24 million shares, or about a 4.7% stake, in Singapore medical services provider Raffles Medical (RAFG.SI) for $2.26 per share, sources familiar with the matter said.
Raffles Medical shares fell as much as 6.2% on Friday. At midday, the stock was down 4.5% at $2.32 on a volume of 26.4 million shares.
An undisclosed investor is selling about 24 million shares, or about a 4.7% stake, in Raffles Medical (RAFG.SI), a Singapore medical services provider, for $2.26 per share, sources familiar with the matter said.
Raffles Medical shares fell as much as 6.2% on Friday. At 12:42 p.m., the stock was down 4.5% at $2.32 on a volume of 26.4 million shares.
UBS is handling the deal, according to the sources.
UBS declined comment and the comp[any was not immediately available.
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NASA sets a date for the final launch of space shuttle Discovery after finding a fix for external fuel tank cracks. – After months of delays caused by the appearance of cracks in space
shuttle Discoverys external fuel tank, NASA officials announced the
shuttle now has a planned launch date of Feb. 24. Space shuttle program
managers briefed senior NASA officials Jan. 10 about the status of
repairs and engineerin…
India’s opening batsman Gautam Gambhir was the first player to be sold in the players’ auction for Indian Premier League (IPL) season four, fetching a record $2.4 million by Kolkata Knight Riders. Gambhir, who was part of the Delhi Daredevils for the last three years, had a base price of $200,000. The bidding for him [...]
Fans of Jack Bauer will have to wait a little longer to watch the Iron Man reign on the silver screen. Twentieth Century Fox has reportedly passed up a script that would bring 24 to cinemas. The once popular action-drama was axed from FOX’s primetime lineup last year, and according to executive producer Howard Gordon [...]
Singapore stocks may open higher on Friday after Wall Street racked up a fourth straight week of gains overnight, but trading is expected to be sluggish as many traders are away on Christmas Eve.
The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index dropped 0.2% to 3,137.78.
It doesn’t get bigger and better for Anil Kapoor. Blessed with age defying genes, his career has gone seriously global at a time when he is turning 51. The Bollywood actor plans to spend his birthday Friday with friends even as he lives life out of a suitcase. “I am looking forward to my birthday [...]
Ezra (5DN.SG) is +2.4% at $1.71, a three-week high, as it continues to recover from a nearly seven-month low of $1.63 touched earlier in December.
The offshore oil and gas support company has underperformed peers, down 8.2% since 2H10’s start, compared with the FTSE ST Oil & Gas Index’s +23.8%, partly on disappointment with its quarterly results and the company’s persistent delays in taking delivery of new vessels.
1903: Clyde J. Coleman is issued a patent for an electric automobile starter.
Coleman originally applied for the patent in 1899, but his early designs proved impractical. The need for this kind of starter for an internal combustion engine was obvious. Automobiles were getting larger, and hand-cranking — the method used to get the pistons moving [...]
Singapore shares may see a weak start on Wednesday as rising tensions on the Korean peninsula are likely to keep investors away from riskier assets. Singapore’s benchmark Straits Times Index <.FTSTI> fell 2.03% on Tuesday to 3,126.30 points.
Here are some stocks and factors to watch, say Bloomberg and Thomson Reuters:
Shares of palm oil refiner Mewah International (MEWI.SI) are likely to be in focus as it makes its Singapore market debut. It sold 251.7 million shares at $1.10 each, which was about 1.9 times subscribed, the firm said in a statement.
Philippines budget carrier South East Asian Airlines (SEAIR) will operate flights using aircraft leased from Tiger Airways (TAHL.SI), both firms said in a joint statement. SEAIR’s flights will be marketed through Tiger Airway’s online booking website.
Ziwo Holdings (ZIWO.SI), which makes rubber foam materials, said it has received approval from Taiwan’s central bank and the Singapore stock exchange to issue Taiwan depository receipts representing up to 89 million shares on the Taiwan stock exchange.
AIMS AMP Capital (AART.SI), which owns logistics properties, has signed three long term leases with a unit of a German telecom firm, and achieved full occupancy at one of its properties, bringing the total occupancy of its portfolio to 98%.
China Environmental Resources Group’s auditor has qualified its opinion on the company’s accounts because issues including garment-unit transactions and taxes, the company said. The stock will resume trading in Hong Kong tomorrow, China Environmental said in a filing to the city’s stock exchange today.
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SunVic Chemical (A7S.SG) +2.4% at $0.64, recouping part of 7.4% fall since release of 3Q10 results Nov. 10. While net profit at RMB193.3 million ($37.7 million) vs RMB6.1 million loss year earlier, RMB103.5 million profit in 2Q10 due to increased sales, investors have since opted to sell on strength given 82.4% rally after 2Q10 results came out Aug 12.
