Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
CK Infrastructure Ups Interim Dividend as Profit Climbs 46%
For H1 2022, CK Infrastructure (CKI) posted a 46% YoY increase in net profits to HK$4.4bn ($560mn), mainly since last year’s profit was weighed down by a one-off deferred tax related charges for its UK businesses. Operational profit across the group’s business lines...
Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US equity markets ended lower on Tuesday with the S&P and Nasdaq down 0.7% and 0.2% respectively. Sectoral losses were led by Real Estate down by 1.3%, Industrial, and Financials down 1% each. US 10Y Treasury yields rose 18bp to 2.72% on hawkish commentary from...
Occidental Profit Rises, Net Debt Fell
American exploration company Occidental Petroleum Corp (Oxy) reported a consolidated net profit of $3.8bn in Q2 vs. $103mn in the last year driven by higher crude oil and domestic natural gas prices and increased crude oil and Natural Gas Liquids (NGL) volumes. Total...
Fitch Downgrades Times China to C on Missed Interest Payments
Times China has been downgraded from CCC+ to C following its failure to pay the coupon payments on its $350mn 5.75% 2027s and $500mn 6.75% 2023s, which were due on 14 July and 16 July respectively. It is currently in its 30-day grace period before it is considered to...
BP Posts Strong Q2 Earnings, Net Debt Falls by ~$10bn
British oil & gas company BP reported Q2 group profits of $9.5bn, jumping more than 2.8x as compared to the same period last year. This was driven by strong realized refining margins, continuing exceptional oil trading performance, and higher liquids realizations....
Mexico Spends $28bn in Subsidies to Tame Inflation
Mexico is expected to spend MXN 575bn ($28bn) in 2022 on subsidies and stimulus programs, which have been implemented by the government to fight inflation. Inflation has spiked to 8.16%, its highest level in 21 years and would have been 2.6% higher without the...
OCBC Profits Jump 28%, NII 16% up
Singaporean lender OCBC reported a growth in group net profits of 28% YoY to S$1.5bn ($1.1bn) in Q2 on the back of robust performance across the Group’s banking, wealth management, and insurance businesses. Net interest income rose 16% to S$1.7bn ($1.2bn) driven by...
India Cuts Fuel Export Tax and Hikes Windfall Tax on Crude Oil
India has made adjustments to its tax policy for the second time in less than two weeks. The South Asian country has raised the windfall tax on locally produced crude from INR 17,000 to INR 17,750 a tonne, which will hurt producers like Vedanta, Reliance and ONGC....
Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US equity markets snapped its upward trend, starting the week lower on Monday with the S&P and Nasdaq down 0.3% and 0.2% respectively. Sectoral losses were led by Energy, down 2.2% and Financials down 0.9%. US 10Y Treasury yields eased a further 12bp to 2.54%,...
