October 2023 – Page 62 – UAG Trade Asia

In Singapore, a Certificate to Own a Car now Costs 106,000

October 4, 2023
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SINGAPORE, Oct 4 Reuters To own a car in Singapore, a buyer must bid for a certificate that now costs 106,000, equivalent to four Toyota Camry Hybrids in the U.S., as a postpandemic recovery has driven up the cost of the citystate39;s vehicle quota system to alltime highs. Singapore has a 10year certificate of entitlement […]

October 4, 2023
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TOKYO, Oct 4 Reuters Japan39;s service activity in September expanded for the 13th month but at the slowest pace since the start of the year, a private survey showed, a worrying sign as the sector has been a key driver of economic growth amid weakness in manufacturing. The final au Jibun Bank Japan Service purchasing […]

October 4, 2023
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NEW DELHI, Oct 4 Reuters India39;s quasisovereign wealth fund, the National Investment and Infrastructure Fund NIIF, and the Japan Bank for International Cooperation JBIC launched on Wednesday a 600million fund to invest in sustainability projects. JBIC will contribute 51 of that figure, and India the rest, the Indian government said in a statement. The IndiaJapan […]

October 4, 2023
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SINGAPOREBENGALURU, Oct 4 Reuters A shooting tragedy in a Bangkok mall adds to a doublewhammy of rising rates and government spending worries that has hammered Thai assets and soured bets on the recovery of Asia39;s tourism giant. Thai tourism stocks slid 1.6 on Wednesday, dragging the benchmark index to its lowest since January 2021, while a […]

October 4, 2023
Oil
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LONDON, Oct 4 Reuters Oil fell on Wednesday, as Saudi Arabia39;s announcement to continue crude output cuts to the end of 2023 was offset by demand fears stemming from macroeconomic headwinds. Brent crude oil futures were down 58 cents, or 0.64, to 90.34 a barrel at 0841 GMT, while U.S. West Texas Intermediate crude WTI […]

Oil – US Crude IG Client Sentiment: Our data shows traders are now net-long Oil – US Crude for the first time since Aug 30, 2023 when Oil – US Crude traded near 81.43.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US Crude-bearish contrarian trading bias.

October 4, 2023
Finance
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Over the past decade, whether viewed through the lens of climate risk or sustainable economic development, sustainable investing has become an increasing prominent theme within investors’ discussions.

October 4, 2023
Business
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HOUSTON, Oct 4 Reuters Private equity firm SK Capital Partners acquired U.S. oilfield waste services firm Milestone Environmental Services from Amberjack Capital Partners for an undisclosed amount, the companies said on Wednesday. The purchase reflects the rise of greenhouse gas reduction schemes offered to oil, power and petrochemical industries and tax credits available for carbon capture and […]

October 4, 2023
Business
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SINGAPORE, Oct 4 Reuters Cryptocurrency firm Ripple said on Wednesday its Singapore subsidiary has secured a payments licence to operate in the citystate without transaction thresholds. The licence, granted by the Monetary Authority of Singapore MAS, will allow Ripple to provide regulated digital payment token services. It had received initial approval in June. It is […]

October 4, 2023
Business
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Oct 3 Reuters Chipmaker Intel on Tuesday said it plans to operate its programmable chip unit as a standalone business starting in January, with plans to hold a public offering for stock in the business over the next two to three years. Intel shares were up more than 2 after the bell. Intel acquired the business […]

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In Singapore, a Certificate to Own a Car now Costs 106,000

Japan Service Activity Growth Slows Down in September PMI

India, Japan Launch 600M Fund for Low Carbon Emission Projects

Tourism Stumble Risks Perfect Storm for Reeling Thai Markets

Oil Falls 1 on Demand Fears, Saudi Confirms Cuts to YearEnd

Oil – US Crude IG Client Sentiment: Our data shows traders are now net-long Oil – US Crude for the first time since Aug 30, 2023 when Oil – US Crude traded near 81.43.

Can you extend sustainable investing to commodity indices?

SK Capital Buys US Environmental Services Firm Pivoting to Carbon Storage

Crypto Firm Ripple Secures Singapore Payments Licence

Intel to Spin Out Programmable Chip Unit, Hold IPO

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