Posts by Mark Darwin
Singapore shares rise at Friday’s open; STI up 0.1%
SINGAPORE shares began Friday (Feb 7) trading in positive territory as markets abroad mostly closed higher. As at 9.01 am, the Straits Times Index (STI) was up 0.1 per cent or 5.47 points at 3,835.89. Across the broader market, gainers outnumbered losers 64 to 29 after 29.7 million securities worth S$64.3 million changed hands. CapitaLand…
Read MoreSingtel secures S$643 million green loan for new data centre in Tuas
SINGTEL’S regional data centre arm, Nxera DCT, has secured a S$643 million five-year green loan to finance the development of a new 58 megawatt data centre in Singapore. Participating banks are DBS, OCBC, Standard Chartered, HSBC and UOB. On Friday (Feb 7), the telecommunications giant said the loan proceeds will go towards funding the…
Read MoreApple’s long-awaited overhaul of iPhone SE nears release
APPLE plans to unveil a long-anticipated overhaul of the iPhone SE in the coming days, a move that will modernise its lower-cost model in a bid to spur growth and entice consumers to switch from other brands. The company expects to announce the device as early as next week, ahead of it going on sale…
Read MoreAmazon offers weak outlook on rising spending for AI
AMAZON.COM projected profit in the current quarter that fell short of analysts’ estimates, suggesting the company continues to ramp up spending to support artificial intelligence (AI) services. Operating income will be US$14 billion to US$18 billion in the period ending in March, the company said on Thursday (Feb 6). Analysts, on average, projected US$18.2 billion,…
Read MoreBRC Asia Q1 profit after tax rises 13.9% to S$19.5 million
This is despite revenue falling 12.4% year on year to S$349.8 million, from S$399.2 million STEEL fabricator BRC Asia on Thursday (Feb 6) announced its profit after tax rose 13.9 per cent to S$19.5 million for the quarter ended Dec 31, 2024, compared to S$17.1 million in the corresponding year-ago period. This is despite revenue…
Read MoreJapan Foods sinks into the red with 9M loss of S$2.9 million
JAPAN Foods sank into the red with a net loss of S$2.9 million for the nine months ended Dec 31, 2024, compared with a net profit of S$668,000 in the corresponding year-ago period. This was mainly due to higher operating expenses, attributed to an increased number of operating outlets in the 9M period, the group…
Read MoreShein,Temu retailers slapped with 30% levy on US bound goods
Chinese retailers that sell on Shein and PDD Holdings’ Temu platform say they have been asked by logistics agents to start paying an additional 30 per cent levy after President Donald Trump earlier this week hiked tariffs on goods imported to the US from China and Hong Kong. The vendors received notifications about the new…
Read MoreMaersk Q4 profit beats forecast, expects softer 2025 earnings
The Danish company, viewed as a barometer of world trade, said it expects an underlying Ebitda result of between US$6 billion and US$9 billion this year MAERSK on Thursday (Feb 6) reported fourth-quarter profits above forecasts and said it expects earnings this year to trail last year’s level amid considerable macroeconomic uncertainties which could impact…
Read MoreMaersk eyes 4% market growth in 2025, uncertainty over tariffs and Red Sea
MAERSK on Thursday (Feb 6) said it expects to grow its business to track an expected 4 per cent growth in global container shipping this year, even as profits are set to decline and US President Donald Trump’s tariff threats create uncertainty. Geopolitical developments including Trump’s threats to impose tariffs on the top US trading…
Read MoreSocGen doubles Q4 profit as retail unit rebounds
SOCIETE Generale (SocGen) said on Thursday (Feb 6) it had doubled fourth-quarter profits after a recovery in its retail bank and increased equity market trading, helping the French lender promise shareholder payouts at the top end of expectations. Chief executive Slawomir Krupa has struggled to convince investors of his turnaround plan and lift SocGen’s long-struggling…
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