CHINA FOCUS : Doing Their Own Thing As A New Global Leader

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China came  back strongly on Wednesday, her equity markets logging in gains to close the week up and for the CNH to close the gap against the CNY, strengthening, of course, as the… Continue reading

Australia Focus : Chinese Kangaroo Stew

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Back when I was in Perth, a friend from China told me that his uncle liked to stop by dead kangaroos on the road to pick a nice juicy tail for stew and… Continue reading

Bonds In Conversation : This Time It’s Different

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We all knew this week was going to be a hairy hair raising one, markets highly indecisive or rather, confused, by all the central bankers and their speeches that saw equities fall then… Continue reading

Zico Files : You got to to be in US Biotech stocks

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The two sentences in the Fed’s minutes that was released in the afternoon sent the US stock market violently reversing its earlier slide.  First – don’t fight the Fed. And it’s not as… Continue reading

SGD New Issue : City Developments

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** CITY DEVELOPMENTS SGD 10YR – New SGD 10YR transaction at final price guidance of 3.78% (the number) announced for City Developments and on the back of significant real-money institutional investor interest. –… Continue reading

SGD New Issue Review : Chip Eng Seng 4.5% 3Y

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CHIP ENG SENG CORPORATION LTD. SGD 3Y – New Chip Eng Seng SGD 3yrs announced with strong IOIs received post SG roadshow – Initial price guidance: 4.50% area – Issue size: TBD –… Continue reading

SGD New Issue Review : United Energy 2Y 7%

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*** NEW ISSUE: UNITED ENERGY GROUP SGD 2YR – IPG 7.0% AREA *** Issuer:  United Energy Financing (Bermuda) Limited Guarantor:  United Energy Group Limited Series:  001 Status: Direct, unconditional, unsubordinated and unsecured Notes… Continue reading

Ad Hoc Commentary – Is 1905 a bear trap?

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“…The European Commission is reportedly threatening to use new powers to reject France’s 2015 budget for missing deficit-reduction targets. It would be the first use of the commission’s authority to police national budgets,… Continue reading

Parselmouth : Is IMF Saying To Buy Gold ?

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Shame on me. Tarnishing my image of cool, sophisticated intellect by talking about GOLD ? The low class, uncouth investment of the uneducated peasant class, the “barbarous relic” that Keynes disdained. Hmm, given… Continue reading

SGD New Issue Review : Swissco 3.5 Years 6%

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Swissco to Sell SGD 3.5Y Bonds Oct. 8 (Bloomberg) — May price today. • Issuer: Swissco Holdings Ltd. • Not rated • Expected issue size: S$80m – S$100m Market Cap : SGD 678… Continue reading