I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Sunday 28 February 2016

China's loan to Petrobras may help pay most 2016 debt

[RIO DE JANEIRO] China's loan to Brazil's Petrobras announced Friday is for US$5 billion to US$10 billion and can be paid in cash or oil at China's request, and may help pay the bulk of the US$12 billion in debt the state-run oil company must pay this year, a source involved in debt talks told Reuters late Friday.

The loan from the China Development Bank was first agreed to in early 2015, and when added to a US$5 billion CDB loan made in 2009, increases the bank's debt exposure to Petroleo Brasileiro SA as Petrobras is formally known, to as much as US$15 billion, the source said.

Petrobras, the world's most indebted oil company, said in a securities filing earlier on Friday that the agreement included supplying Chinese companies with fuel, similar to a deal reached in 2009.

Under that deal Brazil guaranteed the supply of 200,000 barrels of oil a day to China's state oil firm Sinopec for the next 10 years.

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