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Posts Tagged ‘markets’

Profit gain in Singapore bunkers may jump 24%: energy markets

February 1st, 2011 | No Comments

The profit traders can get from selling shipping fuel in Singapore, the world’s second-busiest container port, may rise 24% in 2011 after the worst slump in at least two years, a Bloomberg News survey showed.

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.

Press-release: ASBIS Enterprises Now Offering QLogic Networking Solutions to Russian and Eastern European Markets

January 20th, 2011 | No Comments

ASBIS, Leading Pan-EMEA Distributor, Broadens Reach of QLogic Ethernet, Fibre Channel and InfiniBand Products

IBM’s Q4 2010 Profits Driven by Hardware, Software, Growth Markets

January 19th, 2011 | No Comments

IBM experienced a rise in net income of 9 percent driven largely by systems, software and sales in growth markets. Sales of System z mainframes were up nearly 70 percent in the quarter. – IBM saw fourth-quarter profits rise 9
percent on the strength of systems, software and growth markets.
Announcing its fourth-quarter 2010 earnings on Jan. 18, IBM
said fourth-quarter net income was $5.3 billion, compared with $4.8 billion in
the fourth quarter of 2009, an increase of 9 percent. …

Singapore shares end lower, tracking regional markets

December 10th, 2010 | No Comments

Singapore shares ended lower Friday, tracking other regional markets and with investors booking profits on gains made earlier this week.

The benchmark 30-share Straits Times Index closed down 0.8%, or 24.78 points, at 3,185.42, falling below the psychologically important 3,200 level after spending two days above the mark. Still, the 30-STI ended the week up 0.4%.

Chip Shot: New Configurable Processor for Embedded Markets

November 22nd, 2010 | No Comments

Intel is making it easier for customers to customize processors in various embedded markets with the debut of the Intel® Atom™ processor E600C series. The configurable processor simplifies design, lowers development costs and offers greater flexibility for faster time-to-market. Formerly codenamed “Stellarton,” the processor pairs the Intel® Atom™ E600 processor with an Altera* Field Programmable Gate Array on a single package, ideal for application such as industrial machines, portable medical equipment and communications gear. View the multimedia press kit for more information.

Weekend Comment Nov 19: Markets unnerved

November 19th, 2010 | No Comments

INFLATIONARY FEARS CONTINUE to stalk markets this week. Already, Hong Kong is rolling out drastic measures to curb the inflow of “hot money” and property speculation. The SAR has already announced that a 15% stamp duty will be imposed for property bought and sold within six months starting from Nov 20, while downpayment for properties costing more than HK$12 million ($2 million) will rise to 50% from 40%. Further announcements are likely to be made during the weekend. Will Singapore follow suit? The government has already announced measures to keep public housing affordable through a series of curbs and has allowed the SGD to appreciate against its trade-weighted basket.

Hongkong Land says commercial leasing markets remain â€˜favorableâ€™

November 10th, 2010 | No Comments

Hongkong Land Holdings said commercial property leasing markets in Hong Kong and Singapore remained “favorable” in the period from July 1 to Nov. 9, according to a statement issued by the company today.

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Windows Phone 7 Sales Reportedly Strong in International Markets

November 3rd, 2010 | No Comments

Microsoft’s Windows Phone 7 is reportedly selling well in international markets, but the smartphone platform’s U.S. launch awaits. – Windows Phone 7 sales seem to be off to a solid start in
international markets, according to reports from around the world.
DigiTimes
reported in a Nov. 3 article that sales of HTC-built Windows Phone 7
smartphones are Â“better than expectedÂ” in Europe and Australia. Stocks of the
HTC HD7 and H…

STI +1.1%, tracking regional markets higher

November 1st, 2010 | No Comments

STI +1.1% at 3177.83, in broad market advance with 2.5 gainers for every decliner, decent 486 million shares worth $596 million traded so far. Gains come despite expectations for cautious, rangebound trade ahead of FOMC meeting, U.S. mid-terms; along with Friday’s 0.4% rise, index now recoups all of Wednesday’s steep 1.2% correction; “the local market is tracking the regional markets higher, especially Shanghai (+1.0%), and retracing the correction last week, but (for further upside) much depends on the FOMC,” says trading representative at local house.

Not Just Stocks … High Frequency Traders Might Be Manipulating Futures, Options, Bonds, Currency and Commodities Markets As Well

October 28th, 2010 | No Comments

As I noted earlier today, high frequency traders trade not only stocks, but also futures, options, bonds and currency: We know that high frequency trading is used to manipulate the stock market. The prevalence of high frequency trading in other market…

Commerzbank Corporates & Markets – Corporate moves

October 27th, 2010 | No Comments

Tan Kok Wee has been appointed head, fixed income & currencies sales Asia with immediate effect
Work experience: More than 30 years of experience in the Asia markets; held senior leadership positions at Credit Suisse First Boston

Temasek buys stake in Odebrecht unit in emerging markets plan

October 20th, 2010 | No Comments

Temasek Holdings, Singapore’s state investment company, paid US$400 million ($525 million) for a 14.3% stake in the oil services unit of Brazil’s Odebrecht SA as it increases its focus on emerging markets.

The investment in Rio de Janeiro-based Odebrecht Oil & Gas comes after Temasek opened offices in Mexico City and Sao Paulo about two years ago. The company also has investments in Brazilian real estate and retail companies.

DBS eyes 20-30% assets growth in big Asia markets

October 4th, 2010 | No Comments

The private banking arm of Singapore’s DBS (DBSM.SI) said on Monday it expects 20 to 30% annual growth in net new assets from China, Indonesia and India, as it gears up for expansion in Asia’s fastest-growing

“The high delta or the high growth markets right now are clearly China, Indonesia for Southeast Asia, and India,” Su Shan Tan, DBS’s group head of wealth management, said at the Reuters Global Private Banking Summit. “So those are our key focus areas right now.”

DBS to invest $250m on treasury, markets unit: Update

September 23rd, 2010 | No Comments

DBS Group Holdings, Southeast Asia’s biggest bank, plans to spend $250 million over the next five years to expand its treasury and markets business in the region with a focus on China and India.

DBS, which plans to boost the unit’s workforce by about 50% to 600 employees over the same period, will build operations offering yuan-denominated foreign exchange, bonds and client advisory services, Andrew Ng, head of treasury and markets, said in an interview today. The bank also plans to set up debt capital markets operations in India, he said.

DBS to invest $250m in treasury and markets

September 23rd, 2010 | No Comments

DBS (DBSM.SI), Southeast Asia’s biggest bank, said on Thursday it will invest $250 million in its treasury and markets unit over the next five years as it seeks to boost its forex and fixed-income business in China and India.

Andrew Ng, head of DBS treasury and markets, told reporters that he expects more than 55% of the unit’s revenue will come from outside of Singapore by 2013 from 35% now.

STI may slip; Few leads with most Asian markets shut

September 23rd, 2010 | No Comments

Singapore shares may pull back given Wall Street’s overnight retreat, lack of leads from Asia with number of markets shut for holidays, says Dow Jones.

Firm support for STI, which ends flat at 3,096.10 yesterday, at August high of 3,043. Any upside may be capped at yesterday’s new year-to-date 3,116 intraday peak.

“It will be a lonely ride for Singapore with the key Asian markets closed today. I suspect the blue chips will be subdued while the lower liners will continue to draw interest,” says a local house trader.

Among smaller-cap stocks, Technics Oil & Gas (5CQ.SG) may be in focus as equipment supplier to energy sector secures $35 million contract to support oil field in offshore Vietnam; stock ends down 0.6% at $0.895. Biosensors (B20.SG) may also be closely watched as heart-stent maker reveals findings endorsing efficiency of its stent system; stock ends +1.6% at $0.985.

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ARM Eyes Data Center, New Markets with Cortex-A15 Chip Design

September 9th, 2010 | No Comments

ARM officials unveil the Cortex-A15 design, which will have features, including virtualization support, that will help it expand beyond smartphones and possibly into servers. – ARM Holdings, whose chip designs already
are found in most of the current smartphones, including Apple’s iPhone and
devices based on Google’s Android OS, is now looking to expand its reach into
other areas.
ARM officials Sept. 9
unveiled their next major chip design, the Cortex-A15, which had b…

Mobile internet in emerging markets: The next billion geeks

September 2nd, 2010 | No Comments

How the mobile internet will transform the BRICI countries

BUYING a mobile phone was the wisest $20 Ranvir Singh ever spent. Mr Singh, a farmer in the north Indian state of Uttar Pradesh, used to make appointments in person, in advance, to deliver fresh buffalo milk to his 40-odd neighbours. Now his customers just call when they want some. Mr Singh’s income has risen by 25%, to 7,000 rupees ($149) a month. And he hears rumours of an even more bountiful technology. He has heard that “something on mobile phones” can tell him the current market price of his wheat. Mr Singh does not know that that “something” is the internet, because, like most Indians, he has never seen or used it. But the phone in his calloused hand hints at how hundreds of millions of people in emerging markets—perhaps even billions—will one day log on.

Only 81m Indians (7% of the population) regularly use the internet. But brutal price wars mean that 507m own mobile phones. Calls cost as little as $0.006 per minute. Indian operators such as Bharti Airtel and Reliance Communications sign up 20m new subscribers a month. …

STI +0.6%; Marketâ€™s recent resilience intact: Sias

August 27th, 2010 | No Comments

Singapore shares still holding above water but light volume suggests appetite for risk remains low, with investors preferring to wait for more signals on US economy, including revised 2Q10 GDP data and Fed chief Bernanke’s economic assessment due later Friday, says Dow Jones.

STI +0.6% at 2,942.32 midday, with resistance expected at last week’s 2,952 high. Market breadth flat. “Over the last few weeks, the Singapore market has been pretty resilient to the US selloff, and we believe that we might be seeing more of the same,” says Sias Research technical analyst Edmund Seow.

Fuel oil shipments to Singapore may tumble 20%: energy markets

August 12th, 2010 | No Comments

Fuel oil shipments to Singapore from Europe and the Americas may fall as much as 20 percent in August after the profits for such cargoes slumped 26 percent in July.

An estimated 3.2 million metric tons of the refining residue, used to generate electricity and power ships, are likely to arrive in Singapore this month, according to a Bloomberg News survey of seven traders in Singapore and Tokyo. That would be a three-month low, dropping from about 4 million tons in July.

Posts Tagged ‘markets’

Profit gain in Singapore bunkers may jump 24%: energy markets

Press-release: ASBIS Enterprises Now Offering QLogic Networking Solutions to Russian and Eastern European Markets

IBM’s Q4 2010 Profits Driven by Hardware, Software, Growth Markets

Singapore shares end lower, tracking regional markets

Chip Shot: New Configurable Processor for Embedded Markets

Weekend Comment Nov 19: Markets unnerved

Hongkong Land says commercial leasing markets remain â€˜favorableâ€™

Windows Phone 7 Sales Reportedly Strong in International Markets

STI +1.1%, tracking regional markets higher

Not Just Stocks … High Frequency Traders Might Be Manipulating Futures, Options, Bonds, Currency and Commodities Markets As Well

Commerzbank Corporates & Markets – Corporate moves

Temasek buys stake in Odebrecht unit in emerging markets plan

DBS eyes 20-30% assets growth in big Asia markets

DBS to invest $250m on treasury, markets unit: Update

DBS to invest $250m in treasury and markets

STI may slip; Few leads with most Asian markets shut

ARM Eyes Data Center, New Markets with Cortex-A15 Chip Design

Mobile internet in emerging markets: The next billion geeks

STI +0.6%; Marketâ€™s recent resilience intact: Sias

Fuel oil shipments to Singapore may tumble 20%: energy markets

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