Posts by Mark Darwin
NYSE plans Texas exchange as financial firms flock to state
THE New York Stock Exchange (NYSE) plans to start an equities exchange in Texas, the latest firm seeking a slice of the financial services industry in a state where the taxes are lower and regulation looser. NYSE said it will reincorporate its NYSE Chicago operations in Texas and will launch the fully electronic exchange in…
Read MoreAlibaba becomes China’s new AI darling with US$87 billion rally
THE frenzy over Chinese artificial intelligence is turning Alibaba Group Holding into an investor favourite again, injecting new life into an e-commerce giant that had nearly sunk into obscurity following a years-long regulatory crackdown. Alibaba’s Hong Kong-listed shares have surged 46 per cent since hitting a 2025 low on Jan 13, expanding its market…
Read MoreHanwha Group’s Pinetree Securities joins Alta Exchange as member firm
PINETREE Securities, the Singapore-based unit of South Korea’s Hanwha Investment & Securities, has joined Alta Exchange as a member firm. Under the strategic partnership with the Asian digital securities exchange for alternative assets, Pinetree Securities will be able to list investment opportunities not readily available in traditional markets, Alta Exchange said on Wednesday (Feb 12).…
Read MoreBank Indonesia says liquidity measure will support government housing goal
Bank Indonesia has been using similar liquidity measures to spur credit growth since 2023 INDONESIA’S central bank said it will increase to 80 trillion rupiah (S$6.6 billion) the amount of liquidity freed up by reducing reserve requirements for banks that lend to the property sector, to support the government’s housing goal. Bank Indonesia (BI) has…
Read MoreTrump’s crypto company launches strategic ‘token reserve’
WORLD Liberty Financial (WLF), the new crypto platform in which US President Donald Trump holds a financial stake, announced that it was unveiling a strategic token reserve designed to bolster Bitcoin, Ethereum and other cryptocurrencies “that are at the forefront of reshaping global finance”. WLF said on Tuesday (Feb 11) that its new token reserve…
Read MoreBlackRock, FDIC seek to end regulatory row over bank stakes
The FDIC wants disclosures on any potential effort by large asset managers to sway banks where they have sizeable stakes BLACKROCK and the Federal Deposit Insurance Corporation (FDIC) are trying to resolve a months-long dispute over the asset manager’s stakes in US banks, according to sources familiar with the matter. Negotiations began before a Feb…
Read MoreOnly these 5 SGX-listed companies made it to a list of 100 fastest growing firms in Singapore
THERE are only five Singapore Exchange (SGX)-listed companies on a list of 100 fastest-growing firms based in Singapore and they hail from a diverse range of sectors, a recent study by The Straits Times and global research firm Statista showed. They come from sectors such as IT, food and beverage (F&B), as well as oil…
Read MoreSuper Micro gains on long-term forecast, pledge on filings
SUPER Micro Computer rose in extended trading after giving an aggressive long-term revenue outlook and saying it “believes” it will meet a Nasdaq deadline to file audited financial results. Sales will be US$40 billion in the fiscal year ending in June 2026, the company said on Tuesday (Feb 11), which also provided preliminary fiscal second-quarter…
Read MoreSuncorp beats first-half cash earnings consensus estimate, declares special dividend
AUSTRALIAN insurer Suncorp Group reported a 30 per cent rise in its first-half cash earnings on Wednesday, beating consensus estimates, as favourable weather conditions led to lower natural hazard costs and underlying margins remained supported. Suncorp said it had a “robust” capital position with capacity for further capital management initiatives, most likely on-market buybacks. The…
Read MoreCharles Schwab expands 24-hour trading to all its retail clients
CHARLES Schwab is expanding overnight trading to all of its retail clients as it seeks to capture demand from investors piling into US stocks amid elevated prices. Schwab’s retail clients will be able to trade a wider range of securities 24 hours, five days a week, the firm said. Those include shares of companies in…
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