Posts by Mark Darwin
Mitsubishi Motors signs MOU to outsource EV model development to Foxconn unit
Published Wed, May 7, 2025 · 02:23 PM [TOKYO] Japanese automaker Mitsubishi Motors and Foxconn subsidiary Foxtron Vehicle Technologies have signed a memorandum of understanding (MOU) for the supply of an electric vehicle (EV) model, the companies said on Wednesday (May 7). The EV model will be developed by Foxtron, manufactured in Taiwan by automaker…
Read MoreLatest Singapore six-month T-bill cut-off yield falls to 2.3%
[SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) fell to 2.3 per cent, according to auction results released by the Monetary Authority of Singapore on Monday (May 7). This declined from the 2.38 per cent cut-off yield offered in the previous six-month auction that closed on Apr 24, marking the fourth consecutive issuance in…
Read MoreAsia: Stocks rise as China-US trade talks boost optimism
[HONG KONG] Asian equities rose on Wednesday after China and the United States said they would hold trade talks at the weekend, fanning optimism that the superpowers can row back eye-watering tariffs that have raised recession fears. Beijing’s moves to ease some key monetary policy tools to kickstart the world’s number two economy boosted hope…
Read MoreThese Singapore stocks were the most bought and sold by retail investors in volatile April
[SINGAPORE] Traders rode a wave of sharp swings in Singapore stocks in April, as tariff-driven volatility saw investors go both risk-off and return to the market to buy large dips. The Straits Times Index (STI) fell 14.6 per cent from 3,972.43 at the end of March to 3,393.69 on Apr 9, subsequently recovering 12.9 per…
Read MoreAims Apac Reit posts higher H2 DPU of 4.7% on steady portfolio performance
[SINGAPORE] The manager of Aims Apac Real Estate Investment Trust (Reit) reported higher distribution per unit (DPU) of S$0.0493 for the second half ended Mar 31, up 4.7 per cent from S$0.0471 the year before, citing resilient operational performance. The Reit’s gross revenue for the second half rose 5.3 per cent year on year to…
Read MoreFrasers Logistics & Commercial Trust posts 13.8% lower H1 DPU of S$0.03
[SINGAPORE] Frasers Logistics and Commercial Trust (FLCT) on Wednesday (May 7) posted a 13.8 per cent fall in distribution per unit (DPU) to S$0.03 for its first half ended March 31, from S$0.0348 in the corresponding period in the previous year. This decline reflects transitional challenges in the commercial portfolio and foreign exchange volatility in…
Read MoreGoogle reserves best search data for Gemini, not rival AI apps
[WASHINGTON] Google last year began offering some artificial intelligence (AI) firms a way to anchor chatbot responses in its search results, but still reserves key features for its own AI service, Gemini, a company executive testified. Liz Reid, Google’s head of search, was describing in court on Tuesday (May 6) how the Alphabet unit handles…
Read MoreUOB misses expectations with Q1 profit flat at S$1.49 billion
[SINGAPORE] UOB’s net profit for its first quarter was flat amid broad-based growth, it said on Wednesday (May 7). Net profit for the three months ended March 31, 2025 stood at S$1.49 billion, unchanged from the year-ago period. The earnings missed the S$1.54 billion consensus forecast in a Bloomberg survey of five analysts. Net…
Read MoreCATL’s Hong Kong listing draws interest from Qatar sovereign fund, KIA, Sinopec, Hillhouse
[HONG KONG] Qatar Investment Authority (QIA) and Sinopec are considering investing in Contemporary Amperex Technology Co Limited’s (CATL) Hong Kong listing, one of the city’s biggest share sales in recent years, sources familiar with the matter said. QIA, as Qatar’s wealth fund is known, and the Chinese state-owned oil company could seek to buy several…
Read MoreEurope: German stocks cut losses as Merz elected as chancellor after initial setback
GERMAN shares trimmed early losses on Tuesday after conservative leader Friedrich Merz was elected chancellor during a second vote in parliament after an unexpected initial setback. Germany’s DAX index ended 0.5 per cent lower, after falling as much as 2 per cent earlier when Merz’s new alliance with the centre-left Social Democrats was dealt a…
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