http://en.people.cn/n3/2017/0310/c90000-9188766.html
China shippers won't be using Singapore as a transition hub even before the operation of Malacca new port. No wonder our port handling volume is declining.
Saturday, March 11, 2017
Baltic dry index - 1086
Today, Friday, March 10 2017, the Baltic Dry Index climbed by 22 points, reaching 1086 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.
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.
US rig count - 768
The number of rigs exploring for oil and natural gas in the U.S. increased by 12 this week to 768.
A year ago, 480 rigs were active.
Houston oilfield services company Baker Hughes Inc. said Friday that 617 rigs sought oil and 151 explored for natural gas this week.
Louisiana increased by five rigs, Colorado and Oklahoma each were up three, Ohio and Wyoming rose by two and California gained one.
Alaska declined by three and New Mexico dropped one.
Arkansas, Kansas, North Dakota, Pennsylvania, Texas, Utah and West Virginia were all unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out last May at 404.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco.
Friday, March 10, 2017
China stealth fighter J20 is officially in service now.
https://sg.news.yahoo.com/chinas-first-stealth-fighter-enters-media-080648703.html
A big thank to USA for stirring troubles in South China Sea, China has to defend itself by expediting the developments of its airplanes. J20 is in service now!
A big thank to USA for stirring troubles in South China Sea, China has to defend itself by expediting the developments of its airplanes. J20 is in service now!
South Korean President has been impeached!
http://www.cnbc.com/2017/03/09/south-korean-president-park-geun-hye-impeached-after-court-ruling-south-korean-president-park-geun-hye-avoids-impeachment-after-court-ruling.html
She has to leave the office immediately as the court has decided to impeach her. The deployment of THAAD defence system permanently in South Korea will rest on the next president.
She has to leave the office immediately as the court has decided to impeach her. The deployment of THAAD defence system permanently in South Korea will rest on the next president.
ECB is reducing bond purchases.
http://finance.yahoo.com/news/ecb-further-reduce-bond-purchases-april-ifo-head-092935702--business.html
ECB is reducing bond purchases to contain inflation. In a nutshell, revising QE will increase interest rate.
EU's interest rate will increase, so will USA's interest rate. The high interest rate environment is coming.
ECB is reducing bond purchases to contain inflation. In a nutshell, revising QE will increase interest rate.
EU's interest rate will increase, so will USA's interest rate. The high interest rate environment is coming.
Thursday, March 9, 2017
We've been warning about rising inflation.
http://finance.yahoo.com/news/china-february-producer-inflation-accelerates-fastest-since-september-014945289--finance.html
China inflation is rising fast and will emanate to the world. We've been warning about this since the last quarter of 2016.
http://sg-stock.blogspot.sg/2016/11/high-interest-rate-environment-is-coming.html
China inflation is rising fast and will emanate to the world. We've been warning about this since the last quarter of 2016.
http://sg-stock.blogspot.sg/2016/11/high-interest-rate-environment-is-coming.html
Wednesday, March 8, 2017
Building structure on mars erased by NASA. Why?
South Korea will enter economic downturn in 2017 - Part 4
Lotte has about USD$8.5b investments in China and Lotte is expected to suffer a big chunk of loss in China. The next to fall will be Samsung as China citizens are boycotting South Korean products.
Furthermore, Foxconn and TSMC are trying to decimate Samsung by combining efforts to buy Toshiba's nand flash business. Once nand flash business falls into the hands of TSMC & Foxconn, Samsung business will be greatly affected as Apple will no longer use Samsung as its supplier because Apple views Samsung as a competitor.
Tuesday, March 7, 2017
Israel! Please stop your aggression!
https://sg.news.yahoo.com/israeli-minister-us-warned-israel-annexing-west-bank-101039869--politics.html
After getting a UN's censure on Israel, USA had switched side finally.
After getting a UN's censure on Israel, USA had switched side finally.
Australia doesn't want to get involved in South China Sea patrol. Why?
http://www.reuters.com/article/us-southchinasea-indonesia-australia-idUSKBN16E0D0
The real reason is that Australia also ignored PCA ruling in favour of East Timor and didn't recognise PCA jurisdiction. Therefore, it's improper for Australia to continue to support PCA ruling in South China Sea or it would face a backlash.
The real reason is that Australia also ignored PCA ruling in favour of East Timor and didn't recognise PCA jurisdiction. Therefore, it's improper for Australia to continue to support PCA ruling in South China Sea or it would face a backlash.
North Korea fired 4 missiles during US-SK joint military exercise.
http://www.reuters.com/article/us-northkorea-missiles-idUSKBN16C0YU
http://www.bbc.com/news/world-asia-39175704
The US and South Korea started its massive joint military exercise involving 300,000 personnel and latest radars such as X-band and THAAD. However, North Korea fired 4 missiles during the joint exercise as a sign of protest. The NK missiles revealed critical flaws in the radars as they were not able to detect the types of NK missiles. This put to questions about the effectiveness of THAAD defence system because it couldn't detect the types of missiles fired.
When you cannot detect the types of missiles, you cannot intercept them effectively especially for multiple-head missiles because the multiple-head missiles can contain real and dummy warheads.
http://www.bbc.com/news/world-asia-39175704
The US and South Korea started its massive joint military exercise involving 300,000 personnel and latest radars such as X-band and THAAD. However, North Korea fired 4 missiles during the joint exercise as a sign of protest. The NK missiles revealed critical flaws in the radars as they were not able to detect the types of NK missiles. This put to questions about the effectiveness of THAAD defence system because it couldn't detect the types of missiles fired.
When you cannot detect the types of missiles, you cannot intercept them effectively especially for multiple-head missiles because the multiple-head missiles can contain real and dummy warheads.
Monday, March 6, 2017
Trade war between South Korea and China has started!
https://sg.finance.yahoo.com/news/south-korea-act-against-chinas-discrimination-against-south-020440494--business.html
https://sg.news.yahoo.com/koreas-lotte-says-4-retail-stores-china-closed-035044241--business.html
https://sg.news.yahoo.com/chinese-protest-against-south-koreas-lotte-100944110.html
The trade war is due to the stupid THAAD defence system which is ineffective against low-altitude rockets. It is no joke when 1.4b people rallied against South Korea.
https://sg.news.yahoo.com/koreas-lotte-says-4-retail-stores-china-closed-035044241--business.html
https://sg.news.yahoo.com/chinese-protest-against-south-koreas-lotte-100944110.html
The trade war is due to the stupid THAAD defence system which is ineffective against low-altitude rockets. It is no joke when 1.4b people rallied against South Korea.
Kudos to China for containing its defence budget.
https://sg.news.yahoo.com/china-defense-budget-rises-slowest-pace-decades-report-045618739.html
China's defence budget: USD$151b.
USA's defence budget: USD$590b.
See who is the threat to the world?
China's defence budget: USD$151b.
USA's defence budget: USD$590b.
See who is the threat to the world?
Trump is busy bickering with Obama.
https://sg.news.yahoo.com/trump-renews-attack-obama-124628140.html
How will he have the time and effort to focus on the economy?
How will he have the time and effort to focus on the economy?
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