Posts by Mark Darwin
US: 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…
Read MoreGold gains on softer US dollar, Fed decision awaited
Chinese markets are closed for the Labour Day holiday from May 1 to 5 and will resume trade on Tuesday, May 6 Published Mon, May 5, 2025 · 09:18 AM [BENGALURU] Gold prices edged higher on Monday (May 5), helped by a weaker US dollar, while investors awaited more clarity on trade policy between the…
Read MoreStocks to watch: CapitaLand Integrated Commercial Trust, Japan Foods
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (May 5). CapitaLand Integrated Commercial Trust (CICT): The manager of the trust on Friday announced the sale of its stake in the serviced residence component of CapitaSpring. CICT owns a 45 per cent interest in Glory SR Trust, which…
Read MoreJapan says no plan to threaten Treasuries sale in US trade talks
Published Mon, May 5, 2025 · 07:29 AM [TOKYO] Japan has no plans to threaten to sell its US$1 trillion-plus holdings of US Treasuries in trade talks with Washington, its finance minister said on Sunday (May 4), clarifying earlier remarks that the bond holdings could be used as a bargaining chip. “My comments were made…
Read MoreCEOs celebrate Warren Buffett as he calls a close on 5,500,000% run
[NEW YORK] Apple’s Tim Cook called him inspiring. Bank of America’s Brian Moynihan praised his lessons on life and business. JPMorgan’s Jamie Dimon said he’s “everything that is good about American capitalism”. As Warren Buffett called an end to his historic run atop Berkshire Hathaway, luminaries from the technology and banking worlds rushed to praise…
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