Posts by Mark Darwin
Singapore stocks rise after breakthrough in US-China talks; STI edges up 0.1%
[SINGAPORE] Local stocks finished Tuesday (May 13) higher after the United States and China announced they would temporarily lower tariffs on each other’s products in a 90-day cool-off period. On the Singapore Exchange, advancers beat decliners 371 to 209, as 1.4 billion securities worth S$2.1 billion changed hands. The benchmark Straits Times Index (STI) gained…
Read MoreAsia: Most markets extend rally in glow of China-US truce
[HONG KONG] Most Asian stocks extended gains on Tuesday as investors continued to bask in the glow of the China-US tariff suspension that has fuelled hopes the world’s two economic superpowers will step back from a punishing trade war. Equity markets across the world rallied with oil and the dollar on Monday after the two sides…
Read MoreUN aviation agency finds Russia responsible for 2014 downing of MH17 over Ukraine
[MONTREAL] The United Nations aviation agency said on Monday that Russia was responsible for the downing of a Malaysia Airlines jetliner over Ukraine in 2014, leading to the deaths of 298 people. The International Civil Aviation Organization (ICAO), based in Montreal, said claims brought by Australia and the Netherlands over the shooting down of Flight…
Read MoreSingapore’s STI jumps 1.8% on US-China tariff truce; bank shares soar
[SINGAPORE] Asian markets continued their rally on Tuesday (May 13) as investors cheered the announcement that the US and China would temporarily lower tariffs on each other’s products in a 90-day cool-off period. Singapore’s Straits Times Index jumped about 1.8 per cent in morning trading to reach 3,944.78, as trading resumed following Monday’s Vesak Day…
Read MoreSeatrium bags floating storage regasification unit conversion contract from Norway’s Hoegh Evi
[SINGAPORE] Seatrium announced on Tuesday (May 13) that it won a floating storage regasification unit (FSRU) conversion contract from Norwegian floating energy infrastructure provider Hoegh Evi for an undisclosed sum. The contract covers the conversion and longevity of liquified natural gas (LNG) carrier Hoegh Gandria to a FSRU which includes the installation of a regasification…
Read MoreStocks to watch: ThaiBev, Seatrium, SIA Engineering, StarHub, Sinarmas Land, Frasers Property, FHT, Cordlife
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 13). Thai Beverage: The Chang beer maker announced on Friday that its profit for the second quarter ended Mar 31, 2025, decreased 3.2 per cent on the year to 6.7 billion baht (S$263.5 million), from a restated profit…
Read MoreUS tariffs to weigh on economy despite recent reprieve: Federal Reserve official
[WASHINGTON] Washington and Beijing’s agreement to temporarily reduce tit-for-tat tariffs marks an improvement for trade, but levels remain high and are likely to weigh on economic growth, said a senior Federal Reserve official on Monday. The comments by Fed governor Adriana Kugler, at a symposium in Ireland, came shortly after the United States and China…
Read MoreAmazon delivery driver poops on LA porch
Published Tue, May 13, 2025 · 06:40 AM [LOS ANGELES] A delivery driver dropped off more than an Amazon package on her weekend route when she stopped to relieve herself outside two different houses. Security camera footage captured the courier, wearing an Amazon vest, climbing the steps of a home in Los Angeles with a…
Read MoreSGX delistings not letting up amid market pressures; year to date, 16 have privatised or face same fate
[SINGAPORE] At least 16 companies are on the delisting track as of the first week of May this year. They have either delisted, confirmed delisting dates or announced plans to exit the Singapore Exchange (SGX). Meanwhile, only one initial public offering (IPO) has taken place so far this year – car dealer Vin’s Holdings, which…
Read MoreFord’s German workers to strike as tensions rise over planned cuts
Ford plans to cut around 14% of its European workforce, mostly in Germany and Britain Published Mon, May 12, 2025 · 08:30 PM [FRANKFURT] Ford workers at the US automaker’s two plants in Cologne, Germany, will go on strike on Wednesday (May 14), their works council head said on Monday (May 12), as tensions rise…
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