Posts by Mark Darwin
Mastercard wins UK court nod for £200 million deal to end £10 billion class action claim
MASTERCARD won a London court’s approval for the 200 million euros (S$279.44 million) agreed to pay to end a high profile class action over the fees it charges, which was initially estimated to be worth more than 10 billion euros. The Competition Appeal Tribunal approved the deal on Friday (Feb 21) rejecting the litigation funder…
Read MoreUS dollar recovers as markets in consolidation mode; pares gains after data
THE US dollar rose against a broad range of currencies on Friday (Feb 22), partly retracing losses versus the yen as investors consolidated positions ahead of the weekend, looked to more inflation data next week, and kept an eye on tariff headlines. “It’s a bit of consolidation ahead of the weekend. The moves lack conviction…
Read MoreBusiness Names Decoded: Trade Names vs. Regular Names
Picking the right name for your business might seem like a small step, but it’s actually a big deal. The name you choose can influence how customers see your brand and even affect legal paperwork. Understanding the difference is key to whether you stick with your legal business name or opt for a trade name.…
Read MoreUS securities regulator to drop lawsuit against Coinbase, exchange says
COINBASE said on Friday (Feb 21) the US securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a contentious years-long legal battle once considered existential for the trading platform and the broader sector. The Securities and Exchange Commission (SEC) has moved quickly to overhaul the agency’s approach to policing the crypto sector…
Read MoreUS homebuilders near S&P 500 bottom on high rates and tariff fears
INVESTORS are ditching US homebuilder stocks at a record pace as elevated borrowing costs bruise the industry’s prospects and signal that the shares may have further to fall. Blows to the sector have come in quick succession. First, data on Tuesday (Feb 18) showed confidence among US homebuilders dropped in February to a five-month low.…
Read MoreCapitaLand India Trust to buy Bangalore office project for 14.7 billion rupees
CAPITALAND India Trust (Clint) will purchase a 1.13 million-square-foot (sq ft) office project in Bangalore from luxury residence developer Maia Group for 14.7 billion rupees (S$233.6 million). The trustee-manager of Clint on Friday (Feb 21) said that net profit from the acquisition is forecast to be S$7.7 million, on a stabilised basis, while distribution per…
Read MoreCapitaLand India Trust to buy Bengaluru office project for 14.7 billion rupees
CAPITALAND India Trust (Clint) will purchase a 1.13 million-square-foot (sq ft) office project in Bengaluru from luxury residence developer Maia Group for 14.7 billion rupees (S$233.6 million). The trustee-manager of Clint on Friday (Feb 21) said that net profit from the acquisition is forecast to be S$7.7 million, on a stabilised basis, while distribution per…
Read MoreVenture posts 6.6% fall in H2 net profit to S$121.4 million on weakness in lifestyle consumer segment
VENTURE Corporation posted a 6.6 per cent year-on-year decline in net profit to S$121.4 million for the half year ended Dec 31, 2024, from S$130 million a year earlier. This came as revenue over the same period fell 6.3 per cent on year to S$1.35 billion, from S$1.44 billion. In its earnings release on Friday…
Read MoreAustralian shares post worst week in 2½ years as bank stocks bleed
Australian shares closed lower on Friday (Feb 21), rounding off their worst week in nearly two-and-a-half years, as banking stocks went on a seven-session losing streak that was exacerbated by the central bank’s first rate cut in five years. The S&P/ASX 200 index closed 0.3 per cent lower at 8,296.2 points on the day. It…
Read MoreRex International falls 19.5% to S$0.173 on heavy trading
The company is expecting to report a net loss for the financial year ended December 2024 based on a preliminary review of its drafted unaudited financial results SHARES of oil exploration and production company Rex International fell on Friday (Feb 21) morning on heavy trading after the company said it was expecting to post a…
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