Posts by Mark Darwin
Google shares plunge after Apple executive’s court testimony
[WASHINGTON] Shares in Google parent Alphabet plunged more than eight per cent on Wednesday after Apple executive Eddy Cue testified in federal court that Google’s search traffic on Apple devices declined last month for the first time in over two decades. Cue, Apple’s senior vice-president of services, told the Washington antitrust trial that Google was…
Read MoreUS: Stocks end higher on Wednesday as Fed meeting holds no surprises
Published Thu, May 8, 2025 · 06:09 AM [NEW YORK] Wall Street stocks finished higher on Wednesday following a choppy session as the Federal Reserve kept interest rates unchanged, while Google-parent Alphabet tumbled on worries about its namesake search engine. The Fed, as expected, announced another pause in rate cuts amid uncertainty over the effects of President…
Read MoreUsed Car Mileage Explained For Small Business
When people start looking for a used car, the first number that grabs their attention is the mileage. But what does that number really mean? Does high mileage always spell trouble? Is low mileage a guarantee of a good deal? The truth is more layered. Let’s take the odometer apart and explore what kind of…
Read MoreUS: Wall St opens higher on China trade de-escalation hopes, Fed decision
Published Wed, May 7, 2025 · 09:54 PM [NEW YORK] Wall Street’s main indexes opened slightly higher on Wednesday (May 7) as investors hoped for a de-escalation in trade tensions with Beijing and awaited the Federal Reserve’s decision on interest rates later in the day. The Dow Jones Industrial Average rose 127.1 points, or 0.31…
Read MoreLendlease Global Commercial Reit posts 10.4% retail rental aversion for Q3 FY2025
[SINGAPORE] Lendlease Global Commercial Real Estate Investment Trust (LReit) on Wednesday (May 7) posted a positive retail rental reversion of 10.4 per cent for the third quarter ended Mar 31, 2025, despite a “softer” retail landscape. The performance came even as it recorded a 0.2 per cent decline in visitation and a 5.1 per cent…
Read MoreGeely plans bid to take Zeekr private at value of US$6.4 billion
The proposal would see Geely buy all shares in US-listed Zeekr Intelligent Technology Holding that it does not already own for US$2.566 per share Published Wed, May 7, 2025 · 06:43 PM — Updated Wed, May 7, 2025 · 07:22 PM [HONG KONG] Billionaire Li Shufu is ramping up a push to streamline his sprawling…
Read MoreVolvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite
The changes would affect about 125 of the 2,500 employees at its factory in South Carolina Published Wed, May 7, 2025 · 06:31 PM [STOCKHOLM] Volvo Cars said on Wednesday (May 7) it would make production changes and cut 5% of the workforce at its Charleston plant in the United States due to changing market…
Read MoreUOB halts earnings guidance amid macro uncertainties, but remains ‘committed’ to S$3 billion capital return plan
[SINGAPORE] Singapore’s third-largest lender UOB will suspend its 2025 earnings guidance, with plans to resume this once the macroeconomic situation stemming from US tariffs stabilises. At the same time, the bank remains “committed” to its three-year, S$3 billion capital return plan, deputy chairman and chief executive officer Wee Ee Cheong said at the bank’s first-quarter…
Read MoreSingapore’s aviation sector a ‘bright spot’ as air passenger traffic hits record 68.4 million: Chee Hong Tat
[SINGAPORE] With air passenger traffic reaching an all-time high of 68.4 million for the year ended March 2025, the Republic’s aviation industry remains a bright spot amid global turbulence and uncertainty, said Transport Minister Chee Hong Tat on May 7. Air cargo reached 2 million tons for the period, up 11 per cent year on…
Read MoreNew Singapore GasCo entity to centralise gas procurement; ex-Pavilion Energy chief Alan Heng to lead outfit
[SINGAPORE] Singapore has established a new government-owned entity to centralise natural gas procurement, and appointed Alan Heng, who previously led gas trader Pavilion Energy, as its chief executive. The formation of the entity, called Singapore GasCo, is a “major milestone” in Singapore’s transition towards green energy, the Energy Market Authority (EMA) said in a statement…
Read More