Posts by Mark Darwin
EU weighs cutting 20 banks from Swift in new Russia sanctions
The European Union (EU) is considering cutting more than 20 banks from Swift, the international payments system, as well as lowering a price cap on Russian oil and banning the Nord Stream gas pipelines as part of a new sanctions package that aims to increase pressure on Moscow to end its war against Ukraine. The…
Read MoreAdvisory firm Glass Lewis backs Toyota chairman re-election
Toyoda’s position at the automaker has come under scrutiny over governance concerns Published Sat, May 24, 2025 · 01:15 PM [TOKYO] Advisory firm Glass Lewis has recommended shareholders re-elect Toyota Motor chairman Akio Toyoda at this year’s annual general meeting in June. Glass Lewis had recommended that shareholders vote against his re-election the past two…
Read MoreUS: Stocks fall on revived Trump trade war worries
Published Sat, May 24, 2025 · 06:07 AM [NEW YORK] Wall Street stocks fell on Friday (May 23) on renewed trade war fears as US President Donald Trump’s latest tariff threats offset improvements in the US bond market. Trump threatened 25 per cent tariffs on Apple and other smartphone manufacturers whose devices are not built…
Read More5 Investing Mistakes Young Entrepreneurs Should Avoid
Under30CEO is a publication dedicated to young people dreaming big. Since its founding in 2008, the site has been committed to inspiring, educating, and featuring the doers of the world. Led by editor-in-chief, Kimberly Zhang, our editorial staff works hard to make each piece of content is to the highest standards. Our rigorous editorial process…
Read MoreTrump targets Samsung, Apple phones with 25% tariff threat
[WASHINGTON] US President Donald Trump said that the tariffs he threatened against Apple earlier on Friday (May 23) would also be aimed at a wider range of device makers, including Samsung Electronics, to spur them into moving manufacturing of their products to the US. “It would be more,” Trump said when asked at the White…
Read MoreTrust Bank’s FY2024 net interest income soars 124.7% to S$72.8 million; losses narrow
Deposit balances double to S$3.8 billion, from S$1.9 billion a year ago, attributable to the launch of Trust+ [SINGAPORE] Trust Bank on Friday (May 23) reported net interest income of S$72.8 million for the financial year ended Dec 31, 2024, up 124.7 per cent from S$32.4 million a year ago. Revenue more than doubled to…
Read MoreTrust Bank’s FY2024 loss narrows to S$93.4 million
Deposit balances double to S$3.8 billion, from S$1.9 billion a year ago, attributable to the launch of Trust+ [SINGAPORE] Trust Bank on Friday (May 23) reported a loss of S$93.4 million for the financial year ended Dec 31, 2024, narrowing from a loss of S$128.4 million a year ago. Revenue more than doubled to S$97…
Read MoreSTI inches up on Friday, tracking regional indices
[SINGAPORE] The Straits Times Index (STI) edged up on Friday (May 23), tracking regional indices. The STI closed up 0.1 per cent or 2.33 points to 3,882.42. Across the broader market, advancers outnumbered decliners 232 to 213, after 1.2 billion shares worth S$1.2 billion changed hands. The trio of local banks closed higher on…
Read MoreGrab launches its first Centre of Excellence to support AI solutions
[SINGAPORE] Grab launched its first Artificial Intelligence (AI) Centre of Excellence on Friday (May 23). Supported by Digital Industry Singapore, the centre will work on projects to utilise AI solutions to impact three key areas: accessibility, productivity and growth, and smart-nation capabilities across South-east Asia. The centre is also set to generate at least 50…
Read MoreMorgan Stanley says Singapore market is a ‘safe haven’, raises price target for this sector
[SINGAPORE] Analysts from Morgan Stanley are strong on Singapore equities, as the market continued to outperform global stocks year to date – with a total return of 13 per cent. The local market has recorded such outperformance since 2024, pressing on as investor allocations shifted more defensively amid higher global trade uncertainties this year. “Singapore’s…
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