Posts by Mark Darwin
Seatrium 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…
Read MoreApple considers raising iPhone prices, WSJ reports
Raising prices could help tech giant cushion higher costs stemming from tariffs that have hampered global supply chains Published Mon, May 12, 2025 · 08:13 PM [NEW YORK] Apple is weighing price hikes for its upcoming fall iPhone lineup but is keen to avoid linking any increases to US tariffs on imports from China, where…
Read MoreCobalt Holdings plans London’s biggest IPO in two years
[LONDON] Cobalt Holdings unveiled plans for an initial public offering in London in what could potentially be the biggest UK first-time share sale in more than two years. The firm, which purchases and hold physical stock of the key battery metal, wants to raise about US$230 million through the sale of new shares, according to…
Read MoreNissan to cut over 10,000 more jobs globally
Published Mon, May 12, 2025 · 05:35 PM [TOKYO] Nissan Motor will slash more than 10,000 jobs globally, bringing the total cuts including previously announced layoffs to about 20,000 or 15 per cent of its workforce, Japan’s public broadcaster NHK reported on Monday (May 12). The struggling Japanese carmaker last month warned it would likely…
Read MoreMarkets rally after China and US slash tariffs for 90 days
[HONG KONG] Stocks rallied on Monday (May 12) after Chinese and US officials held “substantial” trade talks and slashed their tit-for-tat tariffs for 90 days, fuelling hopes the two sides will pull back from a standoff that has rattled global markets. Investors have been on a rollercoaster ride since Donald Trump unveiled eye-watering tolls on…
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