Posts by Mark Darwin
Credit Suisse to pay US$511 million as part of agreement with US DOJ in tax evasion case involving Singapore accounts
A CREDIT Suisse unit on Monday pleaded guilty to US charges of helping ultra-wealthy Americans evade taxes and will pay a fine of more than US$510 million, the US Department of Justice (DOJ) said on Monday (May 5). Credit Suisse Services pleaded guilty and was sentenced for conspiring to hide more than US$4 billion from…
Read MoreSkechers to go private for US$9.42 billion in biggest sneaker industry deal
[BENGALURU/NEW YORK] Skechers has agreed to be taken private by 3G Capital for US$9.42 billion in the footwear industry’s biggest buyout to date, exiting public markets after 26 years as the popular shoe brand grapples with the impact of steep US tariffs. Investment firm 3G Capital has offered US$63 per Skechers share in cash, the…
Read MoreUS: Stocks close lower on Monday as S&P 500 rally peters out
Published Tue, May 6, 2025 · 06:12 AM [NEW YORK] US stocks closed lower on Monday, ending a nine-day streak of gains for the S&P 500 index as service sector activity data came in slightly better than expected. The broad-based index fell 0.6 per cent to 5,650.38, while the Dow Jones Industrial Average closed down 0.2 per…
Read MoreProperty maps vs. Surveys
Land ownership and property management involve complex systems and regulations. Understanding the difference between property maps and a survey is key to solving this riddle. While these tools are somewhat similar, they serve different purposes. Read this article to learn the difference between a land map and a survey and their distinct features and usages. Defining a…
Read MoreUS: Wall St opens lower after Trump’s fresh tariffs
Published Mon, May 5, 2025 · 09:46 PM [NEW YORK] Wall Street’s main indexes opened lower on Monday (May 5) after President Donald Trump rekindled worries about the ramifications of a global trade war by introducing new tariffs, while focus remained on the Fed’s monetary policy decision later this week. The Dow Jones Industrial Average…
Read MoreAs T-bill, SSB yields fall, here’s where to invest for higher yields: analysts
[SINGAPORE] Yields are steadily declining, which is bad news for investors looking for a safe corner to park their cash. The latest six-month Treasury bill (T-bill) cut-off yield fell to 2.38 per cent, based on auction results on Apr 24 – the lowest level that cut-off yields of six-month T-bills have fallen to in the…
Read MoreDubai Holding kicks off residential Reit IPO in first Dubai listing this year
Published Mon, May 5, 2025 · 02:36 PM [DUBAI] Dubai Holding, an investment conglomerate owned by the emirate’s ruler, said on Monday (May 5) it plans to list a 12.5 per cent stake in a residential leasing-focused real-estate investment trust (Reit) in the first initial public offering of the year in Dubai. The company plans…
Read MoreVietnam’s main stock exchange launches long-awaited trading system
Published Mon, May 5, 2025 · 12:06 PM [HANOI] Vietnam’s Ho Chi Minh Stock Exchange officially launched its new trading system on Monday (May 5), as the country pushes to unlock emerging market status and boost foreign investment. The new system, known as KRX from Korea Exchange, is expected to shorten the settlement cycle and…
Read MoreTrump rules out firing Powell while pushing him to cut rates
[BRUSSELS] US President Donald Trump insisted he does not plan to fire Federal Reserve chair Jerome Powell despite his sustained criticism over the pace of interest rate cuts. “Why would I do that?” he said in an interview on NBC’s Meet the Press with Kristen Welker that aired on Sunday (May 4). “I get to…
Read MoreOil drops more than US$2/barrel as Opec+ accelerates output hikes
Published Mon, May 5, 2025 · 10:17 AM [SINGAPORE] Oil prices fell more than US$2 a barrel in early Asian trade on Monday as Opec+ is set to further speed up oil output hikes, spurring concerns about more supply. Brent crude futures dropped US$2.04 a barrel, or 3.33 per cent, to US$59.25 a barrel by 2240 GMT while US…
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