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Singapore Power Prices Spike 1,290% As Energy Crisis Emerges
Singapore Power Prices Spike 1,290% As Energy Crisis Emerges The global energy crisis continues to worsen with its latest victim Singapore. Power prices in the Southeast Asian country saw a dramatic surge in wholesale power prices. According to Bloomberg, provisional Uniform Singapore Energy Price jumped S$4,499 ($3,293) per megawatt-hour, the highest on record or about a […]
Singapore Oil Trading Giant On Verge Of Collapse After Banks Freeze Credit Lines
Singapore Oil Trading Giant On Verge Of Collapse After Banks Freeze Credit Lines Back in the second half of 2015, shortly after Saudi Arabia unleashed the (first) OPEC disintegration by flooding the market with oil in hopes of killing US shale (so deja vu… only back then it took it about two years for it […]
In Major Reversal, Singapore Imposes Month-Long Lockdown As Asia Faces “Second Wave” Of COVID-19: Live Updates
In Major Reversal, Singapore Imposes Month-Long Lockdown As Asia Faces “Second Wave” Of COVID-19: Live Updates As we arrive at the end of another week, In NYC, subway trains are still crowded with commuters as the MTA is forced to reduce trains and cars as more of its workforce falls ill or simply refuses to […]
US Says New Travel Restrictions “On The Table” As Singapore, Hong Kong Report Sharp Rise In New Cases
US Says New Travel Restrictions “On The Table” As Singapore, Hong Kong Report Sharp Rise In New Cases Summary: China says 1,716 medical workers have been infected Singapore reports largest daily jump in cases amid increased human-to-human transmission Hong Kong reports 3 new cases Hubei’s new party boss orders quarantine tightened President Xi touts new […]
Singapore, Trade and Geopolitics
Singapore, Trade and Geopolitics The Western media was incredulous. The Donald had disregarded diplomacy, scuttled out of the G7 meeting in Canada without endorsing the G7 agreement, and ended up shaking hands with a previously avowed enemy in Singapore. The formally leisurely pace of global diplomacy, where all is pre-agreed before the photo-op showing unanimity […]
‘They’ Have Decided “We Can’t Handle The Truth”
‘They’ Have Decided “We Can’t Handle The Truth” It’s a fun conceit of science fiction to contemplate the existence of alternative universes. As Bloomberg’s Richard Breslow points out, when you think they exist in the same time and place, it leaves the realm of the paperback section of the airport newsstand and is better discussed in […]
The Banking Turmoil Spreads—-Massive Banking Crisis Brewing In Singapore
The Banking Turmoil Spreads—-Massive Banking Crisis Brewing In Singapore By Singapore Business Review The three biggest banks are losing capital. A crisis of staggering proportions is looming in China, and tiny Singapore will be caught right in the middle of the storm once the disaster finally erupts. Speaking at the annual Barron’s roundtable, Swiss billionaire […]
“Colossal Defeat” For Obama As Australia Joins China’s Regional Bank
“Colossal Defeat” For Obama As Australia Joins China’s Regional Bank Having attacked its “closest ally” UK for “constant accomodation” with China, we suspect President Obama will be greatly displeased at yet another close-ally’s decision to partner up with the Chinese-led Asian Infrastructure Investment Bank (AIIB). As The Australian reports, “make no mistake,” the decision by Australia’s Abbott […]
