https://sg.finance.yahoo.com/news/trump-expected-decertify-iran-nuclear-030700035.html
Trump has reinforced the common global perspective about USA's credibility. There is no point in signing any contract with the USA government because it can renege on its contractual obligations at its whims and fancies.
No wonder the North Korea doesn't trust the USA. There is no way that the Korea peninsula crisis can be resolved without trust.
Thursday, October 12, 2017
How will the Kobe steel scandal affect you?
https://www.theguardian.com/business/2017/oct/11/japan-kobe-steel-scandal-ford-toyota-honda-mazda-boeing
If you drive a Japanese car or take a Japan made MRT, you better watch out.
The low quality steels have been used in cars, aircrafts, space rockets, trains and defence equipment. There are many steel grades and Kobe falsified data about the strength and durability of such steels for approvals to be used.
Consumer safety has been compromised!
If you drive a Japanese car or take a Japan made MRT, you better watch out.
The low quality steels have been used in cars, aircrafts, space rockets, trains and defence equipment. There are many steel grades and Kobe falsified data about the strength and durability of such steels for approvals to be used.
Consumer safety has been compromised!
Wednesday, October 11, 2017
Russia accuses the USA of condoning ISIS in Syria.
https://sg.news.yahoo.com/russia-says-islamic-state-operates-near-u-syria-092515410.html
This is not surprising and unexpected as the USA has been grooming terrorists in the Middle East especially when Hillary Clinton was the secretary of state.
Saddem and Osama used to be close allies of the USA in the past. The USA started to wipe them out when it lost control of the terrorists. Many of the terrorists were trained by the USA and armed with USA weapons.
This is not surprising and unexpected as the USA has been grooming terrorists in the Middle East especially when Hillary Clinton was the secretary of state.
Saddem and Osama used to be close allies of the USA in the past. The USA started to wipe them out when it lost control of the terrorists. Many of the terrorists were trained by the USA and armed with USA weapons.
I like Warren Buffett's view on cryptocurrency. How about you?
How did Warren Buffett view cryptocurrency?
Warren Buffett viewed cryptocurrency as a means of money transfer and not real money. This is also his reason for not investing in cryptocurrency. His rationale behind cryptocurrency is substantiated by his financial background and investment experiences and he uses a simple analogy to explain the cryptocurrency.
His analogy:
Cryptocurrency is just a means of money transfer which is similar to a conventional cheque. A cheque is also a means of money transfer. How much would you pay for a cheque then? He said he couldn't understand the rationale for other people wanting to pay so much for a cryptocurrency just for money transfer. There is no real use for a cryptocurrency and it doesn't yield any dividend at all.
We really need a savvy billionaire like him to jolt us back from our dreamland to the reality. Even an ex-IMF economist doesn't have faith in cryptocurrency.
https://www.coindesk.com/ex-imf-economist-kenneth-rogoff-joins-bitcoin-will-collapse-chorus/
Warren Buffett viewed cryptocurrency as a means of money transfer and not real money. This is also his reason for not investing in cryptocurrency. His rationale behind cryptocurrency is substantiated by his financial background and investment experiences and he uses a simple analogy to explain the cryptocurrency.
His analogy:
Cryptocurrency is just a means of money transfer which is similar to a conventional cheque. A cheque is also a means of money transfer. How much would you pay for a cheque then? He said he couldn't understand the rationale for other people wanting to pay so much for a cryptocurrency just for money transfer. There is no real use for a cryptocurrency and it doesn't yield any dividend at all.
We really need a savvy billionaire like him to jolt us back from our dreamland to the reality. Even an ex-IMF economist doesn't have faith in cryptocurrency.
https://www.coindesk.com/ex-imf-economist-kenneth-rogoff-joins-bitcoin-will-collapse-chorus/
Tuesday, October 10, 2017
Russia to ban cryptocurrency trading after China.
https://sg.finance.yahoo.com/news/russian-central-bank-ban-websites-offering-crypto-currencies-084024434--business.html
This will definitely reduce money laundering for Russian. Cryptocurrencies are mostly used for money laundering instead of proper commercial transactions. Therefore, it will be a matter of time for cryptocurrencies to implode in the future.
https://www.coindesk.com/ex-imf-economist-kenneth-rogoff-joins-bitcoin-will-collapse-chorus/
This will definitely reduce money laundering for Russian. Cryptocurrencies are mostly used for money laundering instead of proper commercial transactions. Therefore, it will be a matter of time for cryptocurrencies to implode in the future.
https://www.coindesk.com/ex-imf-economist-kenneth-rogoff-joins-bitcoin-will-collapse-chorus/
China won the contract to build MRT in Singapore.
https://sg.news.yahoo.com/china-railway-tunnel-wins-311-million-contract-build-circle-line-6-station-094802082.html
Look like our PM Lee has shown goodwill gesture towards China after visiting China in September 2017.
Is this a prelude to the KL-SG HSR contract to China? China has not responded to our KL-SG invitation insofar.
http://sg-stock.blogspot.sg/2017/09/why-is-china-so-blase-about-singapore.html
Look like our PM Lee has shown goodwill gesture towards China after visiting China in September 2017.
Is this a prelude to the KL-SG HSR contract to China? China has not responded to our KL-SG invitation insofar.
http://sg-stock.blogspot.sg/2017/09/why-is-china-so-blase-about-singapore.html
Malaysia to impose S$8 VEP on SG cars.
https://sg.news.yahoo.com/foreign-registered-vehicles-soon-pay-s8-enter-malaysia-084713445.html
This new VEP of S$8 is on top of the 20ringgit imposed on SG cars earlier.
We did state clearly in our previous posting that Malaysia won't be so accommodative towards SG anymore. Please read our posting below.
http://sg-stock.blogspot.sg/2016/10/malaysia-to-impose-20ringgit-road.html
This new VEP of S$8 is on top of the 20ringgit imposed on SG cars earlier.
We did state clearly in our previous posting that Malaysia won't be so accommodative towards SG anymore. Please read our posting below.
http://sg-stock.blogspot.sg/2016/10/malaysia-to-impose-20ringgit-road.html
Monday, October 9, 2017
Sigh! Another big market capitalisation stock will delist from SGX after Genting HK.
http://www.businesstimes.com.sg/companies-markets/global-logistic-gets-sgx-nod-aims-to-be-delisted-by-april-14-2018
GLP will delist next year. SGX has been losing quite a number of big clients because it is losing its competitiveness due to low liquidity. Low liquidity stock exchange will not yield a high valuation for a listing company.
SGX always attracts mid-size companies to list on its stock exchange while bigger ones prefer to list on HKEX and US stock exchanges.
GLP will delist next year. SGX has been losing quite a number of big clients because it is losing its competitiveness due to low liquidity. Low liquidity stock exchange will not yield a high valuation for a listing company.
SGX always attracts mid-size companies to list on its stock exchange while bigger ones prefer to list on HKEX and US stock exchanges.
Indian women was gang raped at gun point in front of her hubby and baby.
http://indiatoday.intoday.in/story/woman-alleges-gangrape-at-gunpoint-muzaffarnagar-uttar-pradesh/1/1063401.html
India is really a rapist paradise. This is really disgusting!
India is really a rapist paradise. This is really disgusting!
The UK prepares for war with North Korea.
https://sg.news.yahoo.com/britain-apos-prepares-war-north-031737023.html
Was this the storm that Trump was talking about?
http://sg-stock.blogspot.sg/2017/10/hot-news-trump-calm-before-storm.html
The UK is a close ally of the USA. Therefore, the UK is privy to any decision from the USA.
This Korean peninsula war won't be a simple war because too many countries are involved.
China, Russia, North Korea, South Korea, Japan, USA and UK will be involved in this Korean war. OMG!
Was this the storm that Trump was talking about?
http://sg-stock.blogspot.sg/2017/10/hot-news-trump-calm-before-storm.html
The UK is a close ally of the USA. Therefore, the UK is privy to any decision from the USA.
This Korean peninsula war won't be a simple war because too many countries are involved.
China, Russia, North Korea, South Korea, Japan, USA and UK will be involved in this Korean war. OMG!
Turkey and USA are at loggerheads now.
https://sg.news.yahoo.com/us-turkey-mutually-suspend-visa-services-032403342.html
The USA's support for the Turds has got on the Turkey's nerves and also pushes Turkey closer to Russia.
Turkey is a NATO member whereby NATO is controlled by the USA.
Let's see how this will pan out.
The USA's support for the Turds has got on the Turkey's nerves and also pushes Turkey closer to Russia.
Turkey is a NATO member whereby NATO is controlled by the USA.
Let's see how this will pan out.
Saturday, October 7, 2017
Hot news! Trump: "The calm before the storm."
Is Trump insinuating that he will start the NK war soon? Stock markets will crash big time because of the NK war!
Maybe he will impose harsher sanctions against Iran which is a bigger threat to the USA than NK.
Let's see.
Iphone 8 batteries swelling problem is real!
https://in.news.yahoo.com/apple-looking-iphone-8-batteries-swelling-044603544.html
More than half a dozen cases reported in Japan, Taiwan, China, Canada & Greece. This will definitely impact Iphone 8 sales.
Apple shares price will get dicey.
More than half a dozen cases reported in Japan, Taiwan, China, Canada & Greece. This will definitely impact Iphone 8 sales.
Apple shares price will get dicey.
Sigh! The North Korea rocket man may conduct missile test again!
https://sg.news.yahoo.com/north-korea-preparing-long-range-missile-test-ria-044934551.html
This is to retaliate against the USA for the new sanctions against NK.
NK fat boy knows that the USA won't dare to attack NK. Therefore, he is continuing his missile launching game.
This is to retaliate against the USA for the new sanctions against NK.
NK fat boy knows that the USA won't dare to attack NK. Therefore, he is continuing his missile launching game.
Baltic dry index - 1405
oday, Friday, October 06 2017, the Baltic Dry Index climbed by 23 points, reaching 1405 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
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Related stocks: Sembcorp Marine, Cosco & Pan Ocean.
US rig count - 936
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. declined by four this week to 936.
That's up from the 524 rigs that were active a year ago.
Houston oilfield services company Baker Hughes said Friday that 748 rigs sought oil and 187 explored for natural gas this week. One was listed as miscellaneous.
Among major oil- and gas-producing states, Oklahoma gained three rigs and Colorado added one.
Texas lost three rigs, Pennsylvania and Wyoming lost two each, and Louisiana shed one rig.
Alaska, Arkansas, California, New Mexico, North Dakota, Ohio, Utah and West Virginia were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco.
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