SINGAPORE DOLLAR BONDS
Alphabet's debut Hong Kong, Singapore bond sales draw about $5 billion in early orders
The strong order books give Alphabet flexibility to increase its planned financing as it accelerates investment in AI infrastructure, even as recent volatility in technology shares has made investors more selective.
Alphabet's first Hong Kong, Singapore dollar bond sales draw $5 billion orders
Alphabet attracted approximately $5 billion in combined orders for its maiden Hong Kong and Singapore dollar bond offerings, reflecting strong investor demand. The fundraising supports its expanding AI infrastructure investments and diversifies its debt portfolio. The company may increase issuance sizes amid continued borrowing to finance growing technology investments.
Why is Nvidia so powerful in the AI world, and what could Jensen Huang's scandal really cost?
Nvidia's CEO Jensen Huang has recently admitted to an extramarital affair, and the woman involved, Alice Huang, has been accused of being a Chinese spy. The company's share price tumbled after the affair was revealed and is reportedly under criminal investigation. The industry is known for its circular financing schemes, with investors already fretting over whether AI investments can ever return profits.
Alphabet eyes $3 billion Hong Kong, Singapore bond sale, sources say
In a strategic move, Alphabet aims to raise about $3 billion via bond sales denominated in Hong Kong and Singapore dollars. The target sizes for these offerings are set at HK$8 billion and S$1.5 billion, respectively. This comes at a time when the market is experiencing an AI-driven selloff, greatly affecting investor enthusiasm.
Jensen Huang is bigger than Nvidia — and it’s a problem
Nvidia has initiated an investigation regarding CEO Jensen Huang after acknowledgment of a romantic involvement with a Chinese spy. This revelation has raised questions about the company's future stability and ongoing projects. Investors are apprehensive about key-person risk due to Huang's significant influence on Nvidia’s operations and strategy.
Rupee finds its footing as oil worries cool, traders watch flow momentum
The Indian rupee climbed to its highest value in two weeks, following a notable fall in oil prices. This uplifting trend was mirrored by a stark rise in Indian stock markets and a reduction in bond yields. Recently, foreign investments poured into Indian equities, showcasing hefty net purchases. Analysts emphasize that ongoing investment inflows are crucial for bolstering the rupee further, as market sentiment improves amid reduced energy cost pressures.
- Go To Page 1
Lowering LTCG isn't a magic bullet
A reduction in Long-Term Capital Gains (LTCG) tax could uplift sentiment in India's equity market, especially as foreign investors withdraw. The current landscape is shaped more by external economic influences than tax adjustments. The reinstatement of LTCG has rendered India less appealing compared to rivals like Hong Kong and Singapore. A strategically planned tax cut may provide clearer policy stability for investors while preserving fiscal responsibility.
Asia-focused banks face bond market risks ahead of Q3 earnings
Asia-focused banks face mounting pressure from rising bond yields, inflation and currency volatility ahead of third-quarter earnings. HSBC, Standard Chartered and DBS confront profitability and capital risks, while Japanese and Southeast Asian lenders navigate bond losses, funding pressures and economic uncertainty.
Strong macro fundamentals, policy interventions to anchor eco against global headwinds: RBI bulletin
Strong macroeconomic fundamentals continue to support the Indian economy against global inflation and trade tensions. Recent geopolitical frictions have resulted in increased prices and supply chain issues, leading to policy changes. Currency fluctuations were observed, but measures by the Reserve Bank helped stabilize the rupee recently. Foreign Direct Investment remains robust, driven by significant inflows from major sources like the US and Singapore.
Global Market Today: Asian stocks slide after US tech rout
MSCI Inc.’s regional equities benchmark slipped 0.3%, declining for a second day, leaving the gauge hovering around levels last seen in July. Taiwan’s stock exchange will be shut Friday due to a typhoon. Sentiment stayed weak as contracts for the Nasdaq 100 Index fell 0.3% in early Asian trading.
AI debutant’s flameout stokes fears boom is ending
Elice, a data center and AI developer, faced a significant decline in its stock price during its debut. This situation exemplifies a broader trend where investors are increasingly skeptical about AI valuations and prospects. Several companies, including CoreWeave and Firmus Grid, have also encountered investor pushback regarding their financial outlooks. Rising borrowing costs are contributing to these concerns, impacting the performance of tech stocks, including semiconductors.
Dollar and euro drift, yen slips as markets seek direction
The euro was steady at $1.1216, while the British pound rose 0.1% to $1.3308. The Australian dollar was up 0.1% at $0.6986, while its New Zealand counterpart nudged 0.1% higher to $0.5668.
Global Market: AI trade faces biggest test yet as chip stocks tumble across Asia
Asian AI stocks tumbled as rising bond yields, higher financing costs, and concerns over excessive infrastructure spending weakened investor confidence. South Korea’s Kospi and Japan’s chipmakers suffered sharp losses, while AI-related funding faced tougher scrutiny. Investors increasingly demand sustainable revenues and profits, questioning whether massive AI investments will deliver expected returns.
Global Market: Singapore likely to tighten monetary policy as growth and inflation risks mount
Singapore’s central bank is widely expected to tighten monetary policy on October 14 as resilient economic growth and rising inflation risks persist. Geopolitical tensions, higher oil prices and potential food supply disruptions are adding pressure. Economists anticipate a modest Singapore dollar appreciation adjustment, balancing inflation control with economic stability amid global uncertainty.
Euro skids toward fifth weekly fall but selling pressure slows
The euro is enduring its fifth consecutive week of descent, mainly due to ongoing concerns surrounding France's substantial debt. Despite a recent recovery aided by enhanced stability in France's debt markets, the US dollar's growth is stalling as US yields recede. Meanwhile, the yen faces a moderate decline, marking its fourth week of losses, and New Zealand's currency lingers near a low point, pressured by comparatively lower interest rates.
Billionaire Ray Dalio says we’re nearing point where AI bubble may burst
Speaking at the Forbes Global CEO Conference in Singapore on Wednesday, Dalio said that a huge amount of debt is being taken out to fund AI. As rates continue to climb, that is a point at which the bubble begins to pop.
Global Market: Euro hits 17-month low as French fiscal worries boost dollar
The euro fell to a 17-month low as concerns over France’s fiscal outlook and bond-market selloff weighed on sentiment. The dollar strengthened despite weak US jobs data, supported by elevated Treasury yields and safe-haven demand. Diverging central-bank expectations and persistent bond volatility are likely to keep currency markets under pressure.
Dollar holds firm as French fiscal woes keep euro on back foot
The dollar's ascent continues, climbing to a 17-month peak as the likelihood of a Federal Reserve rate increase diminishes. Meanwhile, European currencies face challenges, notably the euro, burdened by rising concerns over France’s debt and political instability. Recent employment statistics from the U.S. hint at a cooling labor market, leading traders to adjust their rate expectations for October.
FOREX-Euro slides to 17-month low, hit by rates and inflation cocktail
As political instabilities linger, the euro has descended to its lowest point in over 17 months when measured against the dollar. This shift has prompted investors to favor the dollar, which is showing strength across various currencies. Meanwhile, the Australian dollar has reached a two-month low due to disappointing local inflation forecasts. European markets, burdened by surging oil prices and escalating inflation, are facing a formidable set of economic hurdles.
Global Markets: Tech stocks gain on Anthropic IPO optimism, offsetting high oil, yields
Sovereign yields are an anchor for global markets, a reference price for investing in riskier stocks and a benchmark for mortgages and corporate borrowing. Higher rates pile pressure on government, corporate and household budgets.
Credit where credit's due: India's tokenised bonds must now open the door to global capital
India's pilot tokenised bond issuance successfully settled transactions on a distributed ledger. This innovation improved issuance efficiency and removed settlement risks for domestic investors. Tokenisation offers potential for broader foreign capital access to Indian credit markets. Global investors could hold Indian assets alongside other international debt instruments. This upgrade aims to integrate Indian credit into global capital workflows.
Global Market Today: Asia stocks waver as yen surges, Iran warns of retaliation
On Tuesday, Asian markets exhibited a mixed bag of outcomes, with the yen gaining strength significantly. Oil prices surged for the third consecutive day, driven by escalating threats from Iran in the Persian Gulf. Japan's economy displayed a faster growth rate than previously forecasted, alongside a notable rise in real wages. Meanwhile, Australian shares faced a downturn as consumer sentiment plummeted in September.
Jefferies’ Chris Wood sees a structural bear market in US bonds. What it means for stocks and gold
Jefferies has warned that persistent pressure on US Treasury yields could create a challenging environment for equity markets, particularly for bond-sensitive assets such as REITs. While higher yields have weighed on Singapore REITs, the brokerage sees selective opportunities in the sector and remains constructive on gold and gold-mining stocks as a hedge against potential dollar debasement.
Global Market Today: Asian markets tumble as US-Iran fighting lifts oil and bond yields
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.8% in early trading as South Korea's KOSPI dropped 3% on the open and Japan's Nikkei 225 sank 2.2%. S&P 500 e-mini futures were flat.
Shanghai plans subsidies to kick start dormant offshore debt market: Report
Shanghai is rolling out new subsidies to lure offshore bond issuers into its free trade zone. This initiative aims to invigorate the currently stagnant market and position it as a leading global funding hub. Eligible bond issues will benefit from subsidies that cover legal, advisory, and banking fees, while onshore banks will also gain the ability to purchase these offshore bonds, ultimately fostering yuan internationalization and increasing foreign investments.
Indian Bank raises $400 million for four years
Indian Bank raised $400 million through a four-year overseas funding programme via its GIFT City branch, joining Indian lenders tapping global debt markets. Banks are accelerating dollar bond issuances following regulatory changes to the concessional swap window for FCNR deposits. Axis, ICICI, Federal, IDFC First, Kotak Mahindra and Yes Bank are also active.
IT services provider Rolta India to raise $250 million in Singapore
Rolta India, a Mumbai based IT services provider, is on a road show in Singapore to raise Rs.1100 crore by selling bonds denominated in Singapore dollar bonds.
Tata Communication raises 250 SGD 3 year bond at 4.25%
The bond, priced 37.5 basis points tighter compared with the initial guidance of 4.625%, thanks to the overwhelming response from investors.
IOC issues 10-year bonds in Singapore dollars
Indian Oil Corp (IOC), country's biggest refiner and fuel retailer, has successfully issued long-term bonds denominated in Singapore dollars.
Load More
