The UN is warning that flooding in Southeast Asia may result in food shortages.Rice paddies have been devastated in Thailand,Cambodia and Laos.In Thailand and Cambodia,12.5% of the rice has been lost.Thailand,the world's largest rice exporter,may lose up to 25% of its harvest.These losses may cause a 17% price increase.
The Stock Exchange of Thailand is closed today,Monday,for the Chulalongkorn Holiday,which honors the death of a revered king.
In South Korea,the Pohang Iron and Steel Company,or POSCO,has reported a 75% drop in profits.This is because of both less demand and lower steel prices.POSCO is the world's third biggest steel producer.
Taiwan's Yani Tseng won the inaugural LPGA Taiwan Championship on Sunday,shooting a six under par 66 at the Sunrise Golf and Country Club in Yang Mei.It was Tseng's seventh LPGA Tour win of the season as she was cheered on by a large crowd of supporters in her native land.She donated 100,000 dollars of her prize to Taiwan junior golf.
In Bangkok on Monday,it was 88F under scattered clouds.The wind was NE at 6 mph,and the humidity was 58%.
POSCO(PKX)
Showing posts with label Yani Tseng. Show all posts
Showing posts with label Yani Tseng. Show all posts
Sunday, October 23, 2011
Sunday, October 9, 2011
China Continues Energy Shopping Spree
The Shanghai market reopened this morning,Monday,after the Golden Week holiday.Taiwan's market was closed for National Day,however,and Japan's markets were shuttered for Sports Day.
Sinopec,China's largest oil refiner,is purchasing Canadian firm Daylight Energy for 2.2 billion dollars Canadian.Daylight owns extensive shale gas properties,as well as oil sands and conventional oil prospects.
It is the latest in a series of Chinese acquisitions of Canadian energy assets.Sinopec also bought a 45% stake in Syncrude for 4.5 billion,while another Chinese energy firm,Cnooc,is purchasing OPTI Canada for 2.1 billion.China is aggressively seeking energy assets globally with its huge foreign currency reserves.
Canada is America's biggest oil and refined oil supplier-a fact many Americans may be ignorant of.
Over the Golden Week holiday,air travel in China fell to 8.2%,but retail sales rose 18%.China has cut fuel prices for the first time this year to rein in inflation.
In Beijing on Monday,it was 64F under clear skies.The wind was NE at 4 mph,and the humidity was 45%.
Taiwan's Yani Tseng,the world number one in the Rolex rankings,won the LPGA HanaBank Championship at the Ocean Course of the Sky 72 Golf Club in Incheon,South Korea on Sunday.Korean Na Yeon Choi,the HanaBank winner from 2009-10,came in second.
Sinopec(SHI),Daylight Energy(TSX:DAY)
Sinopec,China's largest oil refiner,is purchasing Canadian firm Daylight Energy for 2.2 billion dollars Canadian.Daylight owns extensive shale gas properties,as well as oil sands and conventional oil prospects.
It is the latest in a series of Chinese acquisitions of Canadian energy assets.Sinopec also bought a 45% stake in Syncrude for 4.5 billion,while another Chinese energy firm,Cnooc,is purchasing OPTI Canada for 2.1 billion.China is aggressively seeking energy assets globally with its huge foreign currency reserves.
Canada is America's biggest oil and refined oil supplier-a fact many Americans may be ignorant of.
Over the Golden Week holiday,air travel in China fell to 8.2%,but retail sales rose 18%.China has cut fuel prices for the first time this year to rein in inflation.
In Beijing on Monday,it was 64F under clear skies.The wind was NE at 4 mph,and the humidity was 45%.
Taiwan's Yani Tseng,the world number one in the Rolex rankings,won the LPGA HanaBank Championship at the Ocean Course of the Sky 72 Golf Club in Incheon,South Korea on Sunday.Korean Na Yeon Choi,the HanaBank winner from 2009-10,came in second.
Sinopec(SHI),Daylight Energy(TSX:DAY)
Sunday, July 31, 2011
Asia This Day:Japan Rebounds Strongly
The earnings reports coming form Japan are very good,says Jesper Koll of JP Morgan Chase.Corporate Japan is recovering very nicely.For April-June,it is very likely there was a sharp increase in aggregate earnings,a very steep recovery in overall sales.You could see 10-15% up in aggregate terms,Mr.Koll believes.
In Thailand,we're definitely seeing a return of foreign buying after the election,Andrew Yates of Asia Plus,the RBS partner in Thailand,indicated.It seems to be business as usual.The foreign flows are very strong.
We continue to like the banks.People are also looking at property and consumer plays.The SET property index is up 12% since the election.The single biggest concern is inflation.The Bank of Thailand has been pushing up rates,but the current 4% of inflation isn't too bad,in Mr.Yates'opinion.
Golfer Yani Tseng of Taiwan won the RICOH Women's British Open in Carnustie,Scotland on Sunday.
Most Asian shares were higher Monday morning in relief at the U.S. debt ceiling agreement.In Taipei,it was 90F under scattered clouds.Winds were N at 5 mph,and the humidity was 59%.
In Thailand,we're definitely seeing a return of foreign buying after the election,Andrew Yates of Asia Plus,the RBS partner in Thailand,indicated.It seems to be business as usual.The foreign flows are very strong.
We continue to like the banks.People are also looking at property and consumer plays.The SET property index is up 12% since the election.The single biggest concern is inflation.The Bank of Thailand has been pushing up rates,but the current 4% of inflation isn't too bad,in Mr.Yates'opinion.
Golfer Yani Tseng of Taiwan won the RICOH Women's British Open in Carnustie,Scotland on Sunday.
Most Asian shares were higher Monday morning in relief at the U.S. debt ceiling agreement.In Taipei,it was 90F under scattered clouds.Winds were N at 5 mph,and the humidity was 59%.
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