Posts by Mark Darwin
BYD shares hit record high, trouncing Tesla’s stock; to integrate DeepSeek and broaden self-driving tech
BYD shares briefly rose to their highest intraday price on record, reflecting optimism that the Chinese electric vehicle (EV) leader will further challenge peers such as Tesla through its smart driving strategy. The automaker’s Hong Kong-listed stock jumped as much as 4.5 per cent to an all-time high earlier on Tuesday (Feb 11) after the…
Read MorePrice spikes, demand fears haunt metal markets as Trump’s 25% tariffs bite
Markets are in the dark as key details of Trump’s tariffs on steel and aluminium imports are still pending; experts fear heightened volatility REACTION in the metals markets to US President Donald Trump’s new 25 per cent tariffs on steel and aluminium imports may be muted so far, but it belies the underlying tension. With…
Read MoreTrump tariffs propel safe-haven gold to record highs
GOLD prices soared to a record high on Tuesday (Feb 11), as investors flocked to the safe-haven asset after US President Donald Trump imposed new 25 per cent tariffs on steel and aluminium imports, fuelling concerns over a potential trade war and inflation. Spot gold was up 0.4 per cent at US$2,919.90 per ounce, as…
Read MoreStocks to watch: Paragon Reit, GuocoLand, Keppel
THE following companies saw new developments that may affect trading of their securities on Tuesday (Feb 11): Paragon Real Estate Investment Trust (Paragon Reit): Times Properties, a wholly owned subsidiary of Cuscaden Peak Investments, is looking to take Paragon Reit private by way of a trust scheme arrangement, for S$0.98 per unit. Separately, the Reit…
Read MoreMeta starts eliminating jobs in shift to find AI talent
META Platforms began notifying staff of job cuts on Monday (Feb 10), kick-starting a process that will terminate thousands of people as the company cracks down on “low-performers” and scours for new talent to dominate the artificial intelligence (AI) race. Meta workers who were let go were notified via e-mail, and the company is offering…
Read MoreCease and Desist: When to Send the Legal Equivalent of ‘Back Off’
Ever had someone step on your toes, legally speaking? That’s where a cease and desist comes into play. It’s like a formal way of saying, ‘Hey, cut it out!’ Whether you’re dealing with someone using your stuff without asking, spreading nasty rumors, or just plain bothering you, a cease and desist can be your first…
Read MoreInnovation Centres in Singapore are Doing Many Interesting Things
AFTER Procter & Gamble (P&G) launched the Olay Super Serum in the United States in 2023, the product shot to pole position among serums there. A bottle of this, combining five benefits of serums into one potion, was being sold every minute. It was flying off the shelves, but what was less well-known about it…
Read MoreTaiwan’s legacy chip industry contemplates future as China eats into share
WHEN Taiwan’s Powerchip Technology entered a deal with the eastern Chinese city of Hefei in 2015 to set up a new chip foundry, it hoped the move would help provide better access the promising Chinese market. Nine years later, however, that Chinese foundry, Nexchip, has become one of its biggest rivals in the legacy chip…
Read MoreBitcoin hoarder’s stock soars 4,000% in Japan on crypto rally
THE ripple effects of US President Donald Trump’s pro-crypto agenda are fuelling a surge in Bitcoin demand in Japan, where one hotelier’s pivot to stockpiling the cryptocurrency is delivering eye-watering returns for shareholders. Shares of Metaplanet are up more than 4,000 per cent over the past 12 months, the largest gain among all Japanese equities…
Read MoreSingapore’s STI breaks through to a new record as banks hit fresh highs
The three banks, which contribute to about half of the STI, have hit highs multiple times in the past year SINGAPORE’s Straits Times Index (STI) has broken through to a new record high on Monday (Feb 10). The index traded as high as 3,912.38 just after the open. Its last record was 3,906.16 on Oct…
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