Russia

Indonesia says election targeted by Chinese, Russian hackers

(Mar 13): Chinese and Russian hackers are attacking Indonesia’s voter data base in a bid to disrupt the country’s upcoming presidential election, according to a senior election commission official.

Vital to monitor EM developments to uncover future opportunities: Schroders

SINGAPORE (Nov 15): The dynamism and structural growth story of emerging market (EM) equities may play a crucial role in helping investors meet their goals, according to a recent report by Schroder Investment Management (Singapore).

In the view of Schroders investment writer Andrew Rymer, the widely-followed MSCI Emerging Markets Index, which comprises 24 emerging market (EM) countries, provides a good gauge of the opportunity set available to global investors.

US warns Russia it could ‘take out’ missiles

(Oct 3): The US warned that it could resort to strikes against a new class of Russian missile unless Moscow complies with its international commitments to arms reduction.

NATO defence ministers meeting at Alliance headquarters in Brussels from Wednesday will discuss their concerns that Russia is building a medium-range ballistic missile in violation of the Intermediate-Range Nuclear Forces Treaty, US Ambassador Kay Bailey Hutchison said.

Food Empire downgraded as US ramps up sanctions against Russia

SINGAPORE (Aug 15): RHB Research is downgrading its call on Food Empire to “neutral” from “buy” while lowering its target price on the stock to 60 cents from $1.07 previously to reflect a lower target P/E of 14 times as a result of lower valuation, versus the peer average of 16 times.

The research house has also applied a 10% discount to peers to account for geopolitical risk in Russia and other CIS countries, which believes would limit Food Empire’s upside in the near-term.

Food Empire still a currency play for now: RHB

SINGAPORE (Aug 14): RHB Research is maintaining its “buy” rating on Food Empire with an unchanged target price of 95 cents, after the food and beverage (F&B) product manufacturer on Saturday released a set of 2Q17 results which came in line with the research house’s expectations.

See: Food Empire posts 64% rise in 1H earnings to US$9.5 mil

New cyber ransom attack hits companies worldwide

LONDON (June 28): A new cyberattack similar to WannaCry is spreading from Europe to the US and South America, hitting port operators in New York, Rotterdam and Argentina, disrupting government systems in Kiev, and disabling operations at companies including Rosneft PJSC, advertiser WPP Plc. and the Chernobyl nuclear facility.

Russian cyber hacks on US electoral system far wider than previously known

WASHINGTON (June 14): Russia’s cyberattack on the US electoral system before Donald Trump’s election was far more widespread than has been publicly revealed, including incursions into voter databases and software systems in almost twice as many states as previously reported.

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Comey recounts uneasy meetings with Trump, 'I need loyalty, I expect loyalty'

Trump - by Bloomberg

(June 8): The first time James Comey met Donald Trump, he felt compelled to document their conversations, something he had not done regularly before. He typed up a memo recounting that January 6 encounter on his laptop in a FBI vehicle outside Trump Tower “the moment I walked out of the meeting.”

3 paper tigers of global recession fears

SINGAPORE (May 23): Bank of Singapore (BoS) is maintaining its neutral stance on US and European equities with a focus on rotation and carry themes, while recommending exiting technology and taking exposure in financials in the case of equities.

The subsidiary of OCBC Bank is still expecting positive growth for all of 2017 at the very least, and into 2018 – and projects of US long-bond yields to drift higher from the current level of 2.25% for the rest of the year with the possibility of even touching 3% before the end of the year.  

The bond market isn't dead yet for this JPMorgan fund

Bloomberg

SINGAPORE (Jan 16): Don’t count your nails yet for the bond market’s coffin.

That’s the message from a JPMorgan Asset Management fund that’s outperformed in the past year by keeping to shorter-maturity securities. The US$2.4 billion Global Bond Opportunities Fund has reduced its average duration in US securities to three years from more than five in July, and has jumped into the domestic debt of Brazil and Russia, two higher-yielding emerging markets that have avoided the recent exchange-rate depreciation afflicting Turkey and Mexico.

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