Posts by Mark Darwin
Wolfspeed beats Q2 revenue as business transition takes hold
CHIPMAKER Wolfspeed topped Wall Street estimates for second-quarter revenue and reported a smaller-than-expected net loss on Wednesday (Jan 29), as the company made operational changes to accelerate its profitability. The company closed down some of its facilities in the first quarter of 2025 and transitioned its device business to a 200-millimetre silicon carbide fab, which…
Read MoreTexas Business Boom: Start Your LLC Without the Headache
Thinking about starting a business in Texas? You’re not alone. With its booming economy and business-friendly climate, Texas is a top choice for entrepreneurs looking to form an LLC. But where do you start? The process can seem overwhelming, but it doesn’t have to be. This guide will walk you through the benefits of a…
Read MoreWorld’s richest people lose US$108 billion after DeepSeek selloff
The world’s 500 richest people, led by Nvidia Corp co-founder Jensen Huang, lost a combined US$108 billion on Monday (Jan 27) as a tech-led selloff tied to Chinese AI developer DeepSeek sent major indices plunging. Billionaires whose fortunes are linked to artificial intelligence were the biggest losers: Huang saw his fortune fall US$20.1 billion, a…
Read MoreVibrant Group wins suit against former Blackgold management
Justice Valerie Thean rules in its favour, awarding damages and fees to the group VIBRANT Group has won its civil suit against Peng Yuguo, former chief executive officer of Blackgold Australia, and Tong Chi Ho, the former chairman of Blackgold Australia. The suit arose from irregularities found by a special audit on Chinese coal miner…
Read MoreDBS raises stake in Shenzhen Rural Commercial Bank
SINGAPORE’S largest lender DBS Bank has acquired an additional stake in Shenzhen Rural Commercial Bank (SRCB), increasing its stake from 16.7 per cent to 19.4 per cent, it announced in a bourse filing on Monday (Jan 27). The investment is said to be in line with DBS Group’s strategy to invest in its core markets…
Read MoreDemand falls for latest Singapore Savings Bond with 10-year average return of 2.82%
THE latest Singapore Savings Bond (SSB) allotted on Monday (Jan 27) saw a fall in applications to less than half of the amount offered, as the 10-year average return slipped from the earlier tranche. The February tranche of the Singapore government-backed bonds received a total of S$236.5 million in applications for the S$500 million that…
Read MoreJapfa surges 16% to S$0.615 after news of S$0.62 privatisation offer – The Business Times
Japfa announced on Friday that members of its founding family were making a joint offer to acquire around 18.3 per cent of the company’s total issued shares SHARES of agri-food company Japfa soared on Monday (Jan 27) after news broke on Friday that family members of its founder have offered to take the company private…
Read MoreSLB Development jumps 33% after S$0.23-per-share privatisation offer from Lian Beng’s Ong family – The Business Times
SHARES of property player SLB Development surged on Monday (Jan 27) morning, after it announced last week that it had received a privatisation offer from Lian Beng’s Ong family. The counter was up 30.2 per cent or S$0.051 at S$0.22 after its trading halt was lifted at 9.20 am. SLB had called for a trading…
Read MoreHong Kong’s property distress is catching up with city’s banks – The Business Times
DISTRESSED property sales in Hong Kong are beginning to bite banks that used to be well protected against loan losses. The city’s commercial real estate sector is going through one of its worst slumps in history, with no end in sight. Average prices of office buildings, shopping malls and other properties have fallen more than…
Read MoreWorking Labor Day? You’re Not Alone
Labor Day comes around every year, marking a time when many Americans get to enjoy a day off. But for some, it’s just another workday. Whether you’re in retail, healthcare, or public safety, there are plenty of jobs that don’t stop for holidays. While some folks get extra pay or time off later, not everyone…
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