Posts by Mark Darwin
Punch-drunk traders across Asia ready for another week of drama
After a week in which Asian stocks posted both their biggest-ever plunge and their largest one-day gain since 2008, investors in the region are working weekends, skipping sleep, interrupting business trips, poring over social media and focusing on short-term trades, alert to the fact that one man at the furthest point away from them on…
Read MoreUS dollar emerges as latest victim of last week’s markets mayhem
The US dollar has emerged as the latest victim of last week’s market turmoil as a worsening global trade war risks derailing US economic growth. A Bloomberg gauge of the greenback tumbled to a fresh six-month low on Friday (Apr 11) after China raised tariffs on all US goods to 125 per cent, effective from…
Read MoreS-Reits’ yields remain compelling for defensive investors amid market volatility
The ongoing uncertainty due to tariffs and trade tensions has caused significant volatility in global markets over the past week, as investors take a risk-off approach. Singapore real estate investment trusts (S-Reits) have not been spared from the weaker sentiment, with a large sell-off last week, even though a temporary reprieve from certain tariffs was…
Read MoreChinese airline delays Boeing jet delivery as tariffs surge
[HONG KONG] China’s Juneyao Airlines is delaying delivery of a Boeing widebody aircraft, according to people familiar with the matter, highlighting how the escalating trade war between Washington and Beijing is driving up the price of big-ticket goods. Juneyao was due to take delivery of the 787-9 Dreamliner, valued at about US$120 million, from the…
Read MoreBusiness Ideas Under $1000
If you’re looking to start a business but don’t have a ton of cash to spare, you’re in luck. There are plenty of low-cost business ideas out there that you can kick off with less than $1,000. Whether you want to work from home, offer a creative service, or dive into e-commerce, there’s something for…
Read MoreGroup of ex-OpenAI employees back Musk’s lawsuit to halt OpenAI restructure
[SAN FRANCISCO] A dozen former OpenAI employees filed a legal brief on Friday (Apr 11) backing co-founder Elon Musk’s lawsuit aimed at keeping the non-profit status of OpenAI, marking the latest development in the dispute over the future of the artificial intelligence (AI) firm. Corporate leaders want to give investors control, drawing a host of…
Read MoreNetflix tests new AI search engine to recommend shows, movies
[LOS ANGELES] Netflix is testing new search technology for subscribers that employs artificial intelligence (AI) to help them find TV shows and movies, expanding its use of the technology. The OpenAI-powered search engine lets customers look for shows using far more specific terms, including the subscriber’s mood, for example, the company said. It will then…
Read MoreRussian oil shipments shift to western tankers as prices slump
[LONDON] A slump in oil prices is allowing Russia’s crude to be carried on tankers owned and insured by western companies, helping tighten the market for those ships around the Atlantic basin. Oil prices have tumbled since US President Donald Trump imposed sweeping tariffs on US trade partners earlier this month. That has driven Russia’s…
Read MoreBrent, WTI prices climb more than US$1 on possible Iran crude restriction
[BENGALURU] Brent and West Texas Intermediate (WTI) crude climbed more than US$1 on Friday (Apr 11) after US Energy Secretary Chris Wright said the US could end Iran’s oil exports as part of an effort to bring the Islamic Republic to terms over its nuclear program. Brent crude futures settled at US$64.76 a barrel, up…
Read MoreNickel scam accused paid S$7 million for 8 luxury cars and S$1 million for vintage car plate: dealer
[SINGAPORE] Alleged nickel fraudster Ng Yu Zhi was said to have splurged about S$7 million on eight luxury cars – five of them transferred to his wife and girlfriends – and over S$1 million on a vintage car registration plate number. Michael Ho, a director of F1 Auto and F1 Auto Cars, testified in Ng’s…
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