Posts by Mark Darwin
Nvidia CEO Huang meets Trump at White House on Friday
President Donald Trump met Friday (Jan 31) with Nvidia chief executive officer Jensen Huang at the White House as the US prepares tariffs on semiconductors, weighs the fate of a chip subsidy programme and probes whether Chinese artificial intelligence (AI) startup DeepSeek skirted export controls to obtain the company’s products. Chip tariffs would weigh heavily…
Read MoreFu Yu will not convene requisitioned EGM; investigates business unit
THE board of directors of Fu Yu Corporation on Friday (Jan 31) announced that the company will not convene an extraordinary general meeting (EGM) requisitioned by Victor Lim, its largest shareholder. In a bourse filing, the precision plastic components manufacturer said that it had obtained legal advice stating that the requisition did not meet the…
Read MoreExxon beats Q4 estimates with higher Permian, Guyana output
EXXONMOBIL on Friday (Jan 31) beat Wall Street’s estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins. Its profit was US$7.39 billion or US$1.67 per share, beating analyst estimates of US$1.56, LSEG data showed. Exxon’s low production costs in the basin and its lucrative and prolific…
Read MoreCapitaLand Ascott Trust acquires two freehold hotels in Japan for S$178.5 million
CAPITALAND Ascott Trust (Clas) has acquired two freehold limited-service hotels in Japan – ibis Styles Tokyo Ginza and Chisun Budget Kanazawa Ekimae – for 21 billion yen (S$178.5 million). The acquisition is part of Clas’ portfolio reconstitution strategy to enhance the quality of its portfolio and deliver stable returns to its stapled securityholders, said Serena…
Read MoreSmall Business Gold Mines: Most Profitable Ideas for 2025
Are you thinking about diving into the gold business in 2025? The opportunities are vast and varied. From mining to jewelry making, gold forums to recycling, there’s a goldmine of profitable businesses waiting to be explored. Whether you’re a seasoned entrepreneur or just starting out, this guide will walk you through the most promising ideas…
Read MoreSamsung warns of slow AI chip sales in Q1, hurt by US restrictions on China
SAMSUNG Electronics on Friday warned of sluggish sales of its artificial intelligence chips in the current quarter due to U.S. export restrictions to China, and as it worked towards launching an improved version of its high-end chips. Advanced chips used for AI have been the bright spot in the weak memory chip market, but rival…
Read MoreDBS signs mandates for Singapore listings with potential valuations of US$1 billion
DBS, South-east Asia’s biggest bank, has several listings lined up for the Singapore market, including some potential blockbusters with valuations of US$1 billion. Clifford Lee, the global head of investment banking at DBS, said the bank is in talks with IPO candidates that were earlier keen on a US listing but are now reconsidering Singapore. …
Read MoreCCCS gives conditional OK to expanding SIA-Lufthansa JV to step up air passenger services in more markets
THE Consumer Commission of Singapore (CCCS) has conditionally approved the proposed expansion of a 2016 joint venture between Singapore Airlines (SIA) and Lufthansa, which would give a boost to tourism in Singapore, among other benefits. It would widen the geographic scope of a joint venture that the CCCS cleared in 2016, under which SIA and…
Read MoreGold hits record high as Trump tariff threats aid haven demand
Gold rose to a record high as investors flocked to safety after US President Donald Trump reiterated threats to impose tariffs on Mexico and Canada. Bullion briefly topped US$2,800 an ounce for the first time ever on Friday (Jan 31) after jumping 1.3 per cent on Thursday and blowing past the previous all-time peak set…
Read MoreSamsung Electronics posts 129.85% jump in Q4 operating profit
SAMSUNG Electronics said on Friday its operating profits surged 129.85 per cent year-on-year in the fourth quarter of 2024, but fell from the previous quarter as it struggled to meet demand for chips used in artificial intelligence servers. The company is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled…
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