In a bid to tame prices that has seen annual food inflation soar to double digits, India’s central bank Tuesday hiked its short-term lending and borrowing rates by 25 basis points that could make commercial, housing and auto loans dearer. Reserve Bank of India (RBI) Governor Duvvuri Subbarao hiked the repurchase or repo rate to [...]
Posts Tagged ‘rates’
India’s Reserve Bank hikes key rates to tame inflation
January 25th, 2011 |
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Singapore, Malaysia to announce new phone rates, Rais Yatim says
January 14th, 2011 |
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Malaysia and Singapore will review and announce new telecommunication rates between both the countries in two months, Rais Yatim, minister for information, communications and culture, said in Kuala Lumpur today.
The countries will also announce new roaming phone charges, he told reporters.
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NOL down on oversupply, falling rates
January 7th, 2011 |
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Shares of Singapore-listed container shipping firm Neptune Orient Lines (NEPS.SI) fell as much as 2.5% on Friday because of oversupply in the industry and falling container rates.
There is also general negative sentiment in the shipping industry following floods in Australia, although it is not directly affecting container traffic.
Credit Suisse rates Asia container shipping sector Overweight; Likes NOL
January 4th, 2011 |
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Credit Suisse keeps the Asia container shipping sector at Overweight, noting China outbound freight rate and utilisation on major trades rebounded last week after weeks of decline, with cargo volumes starting to recover ahead of the Lunar New Year holiday.
The house also notes leading indicators such as the US ISM and China PMI new export orders for December continued to expand on-month and it views as suggesting decent Asian exports in the next few months, while the latest US and European consumer sentiment and retail data also point toward an improving demand outlook.
UOB rates CDL Hospitality Buy; top sector pick
January 3rd, 2011 |
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After Singapore’s visitor arrivals rose 16% on-year in November, marking the 12th consecutive month of record arrivals, UOB KayHian forecasts arrivals to grow 10% on-year in 2011 to 13.1 million “as Singapore gears itself for the next round of attractions, including Gardens by the Bay, River Safari at Mandai and the Lion King musical.”
NOL off 1.4%; MS bearish on freight rates N/T
December 7th, 2010 |
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Neptune Orient Lines (N03.SG) off 1.4% at 4-session low $2.18, with latest operating data affirming expectations for freight rates to remain soft in near term. Average revenue per box down 4.1% sequentially during 4 weeks ended November 12, marking 3rd consecutive fall.
Singapore says low rates, excess cash may spur property, market
November 25th, 2010 |
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Singapore’s central bank said low borrowing costs and excess liquidity globally may push the island’s property prices higher again, setting back government efforts to cool the market.
There is a risk that financial institutions may ease lending standards and extend more loans to make up for narrowing interest margins, the Monetary Authority of Singapore said in its Financial Stability Review today. Buyers may also take on “excessive leverage” amid expectations of a sustained period of low rates, the central bank said.
Singapore’s DBS profits surge, threatened by low rates
November 4th, 2010 |
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DBS <DBSM.SI>, Southeast Asia’s biggest lender, posted a record quartely profit, joining rivals in beating expectations but faces pressure from a low-interest rate environment and rival OCBC, which has delivered better quality earnings.
Strong economic growth has boosted Singapore bank profits this year, helping cut bad debts and lift loan growth.
Neptune Orient has profit as container rates jump 41%
October 19th, 2010 |
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Neptune Orient Lines, owner of Asia’s second-largest container line, reported a better-than- estimated quarterly profit as rebounding world trade helped cause a 41%t jump in freight rates.
The company made a US$282.3 million ($368.5 million) profit in the three months ended Sept. 17, compared with a US$138.9 million loss a year earlier, it said in Singapore exchange statement today. That beat the US$157.3 million average of three analyst estimates compiled by Bloomberg. Sales jumped 55 % to US$2.4 billion.
NOL Off 1.0%; operating data show rates off peak
October 12th, 2010 |
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Neptune Orient Lines (N03.SG) off 1.0% at $2.05 after group’s operating data for 4-weeks ended September 17 show slowdown in container shipping volume growth (+6.0% on-year vs +13% previous period), softer freight rates, down 2.4% on-period, says Dow Jones.
IMF fails to find consensus on currency rates
October 10th, 2010 |
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The world’s top finance officials wrap up talks after failing to reach a consensus on measures to head off what some see as a looming currency conflict. The IMF steering committee, which has been struggling to address frictions among key economies, including China, the European Union and the United States, has said it will continue its efforts to study ways to resolve global currency imbalances.
Low rates already priced into Singapore banks: UBS
October 5th, 2010 |
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Impact of low interest rates on margins of DBS (D05.SG), OCBC (O39.SG), UOB (U11.SG) already reflected in their share prices, which now look attractive after underperforming Singapore market year to date, says UBS; “we believe they are inexpensive, are well prepared for Basel III, and are beneficiaries of strong regional growth.”
U.S. poverty rates grow
September 17th, 2010 |
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Government officials, advocacy groups and economists in the United States are grappling with solutions to reduce high poverty rates. The U.S. Census Bureau says that last year, the number of poor Americans was the highest since such data started being collected five decades ago.
U.S. Postal Service Starts Quoting SDR to Dollar Conversion Rates, and IMF Endorses Replacing Dollars with SDRs
August 27th, 2010 |
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I have repeatedly pointed out that it is possible that the IMF’s special drawing rights (SDRs) will become the world’s reserve currency.And as I noted in April 2009, there is some possibility that the “Bancor” will ultimately fill that role:But you pro…
NOL off 0.5% at 10:58 a.m.; Freight rates may fall: Nomura
August 17th, 2010 |
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Neptune Orient Lines (N03.SG) off 0.5% at $1.97 at 10:58 a.m. as caution in broad market, underlying concerns over potentially softer freight rates weigh, says Dow Jones.
Shares in steady decline since NOL reported return to profitability in 2Q10 with US$99.7 million ($135.5 million) earnings, as investors unload on prior strength, mull prospect of slower global trade, lower freight rates given uncertain global economic prospects.
DBS up 0.1%; Low rates remain major risk: RBS
July 30th, 2010 |
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DBS (D05.SG) up 0.1% at $14.52 cum dividend and despite huge 2Q10 $1.02 billion goodwill impairment charge taken for HK operations, which led to $300 million net loss for June quarter.
Shares off early high $14.70 but in line with pullback in other two banks, STI, says Dow Jones.
DBS +1.4%; Has most to gain when rates rise, says UOB
July 12th, 2010 |
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DBS (D05.SG) is up 1.4% at $14.44 in anticipation of higher Sibor as recent rate hikes by Malaysia, South Korea central banks underpin expectations economies generally now on firmer footing, ready to increase borrowing costs, according to Dow Jones.
Apple iPhone 4 to Increase Churn Rates for Mobile Operators
July 5th, 2010 |
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The iPhone 4 may be as big a burden on mobile operators as previous iPhones, warns a research company’s report. According to Strand Consult, large subsidies for the new Apple smartphone may cut into mobile operators’ profits. – While the iPhone 4 has been a
success with critics and consumers call
reception issues aside Apple’s newest smartphone may pose the same problems
for mobile carriers that earlier iPhone models have, Strand Consult said in a
July 5 report.
The Copenhagen-based research company following up …