Posts by Mark Darwin
US: Wall St opens higher in countdown to Trump presidency – The Business Times
WALL Street’s main indexes opened higher on Friday (Jan 17), with the S&P 500 and the Dow looking set to log their biggest weekly gains since November, as investors anticipate a wave of policy changes under the incoming Trump administration. The Dow Jones Industrial Average rose 159.4 points, or 0.37 per cent, at the open…
Read MoreSembcorp inks MOUs with Odisha government to develop hydrogen plant, industrial park – The Business Times
Sembcorp Industries, through its subsidiaries Sembcorp Green Hydrogen India Pte Ltd (SGHIPL) and Sembcorp Development, has on Friday (Jan 17) signed two non-binding memoranda of understanding (MOUs) with the state government of Odisha. Under the MOUs, SGHIPL will explore the development of a production facility for green hydrogen and its derivatives, with an anticipated production…
Read MoreUnited Hampshire US Reit unit sells supermarket property for US$23.8 million – The Business Times
United Hampshire US Real Estate Investment Trust (Reit), through its indirect wholly owned subsidiary UH US Albany 2019, has sold a supermarket property in the US state of New York for US$23.8 million. However, the net proceeds of US$23.2 million from the divestment is about 10.2 per cent, or US$2.6 million, lower than the book…
Read MoreValueMax issues 233,436 warrants at S$0.36 apiece – The Business Times
MAINBOARD-LISTED pawnbroking chain ValueMax Group issued 233,436 warrants at the exercise price of S$0.36 each on Friday (Jan 17). The issue price was at a 20 per cent discount to the counter’s closing price of S$0.45 on the day. This brings ValueMax’ ordinary shares to about 868.4 million from 868.2 million, exclusive of 100,000 treasury…
Read MoreApple sidelines AI news summaries due to errors
APPLE pushed out a software update on Thursday (Jan 16) which disabled news headlines and summaries generated using artificial intelligence (AI) that were lambasted for getting facts wrong. The move by the tech titan comes as it enhances its latest lineup of devices with “Apple Intelligence” in a market keen for assurance that the iPhone…
Read MoreChina used more coal power last year in blow to climate efforts
CHINA’S fossil fuel power plants increased generation to a record last year, as the boom in clean energy failed to keep pace with surging electricity consumption in the world’s second-biggest economy. Output from thermal plants, predominantly powered by coal, rose 1.5 per cent in 2024 from the previous year, according to data from the National…
Read MoreGold headed for weekly gains on revived hopes of Fed rate cuts
Gold prices firmed on Friday (Jan 17) and were headed for a third straight week of gains after US data this week hinted that the Federal Reserve might continue easing interest rates this year. Spot gold was flat at US$2,715.21 per ounce as at 0047 GMT, hovering near a more than one-month peak hit on…
Read MoreMarco Polo Marine responds to Sias on why it increased wages, bonuses despite revenue decline
INTEGRATED marine logistics company Marco Polo Marine said that the increase in its wages, salaries and bonuses in FY2024 was “in line with the expansion plans” that the group had undertaken in recent years. The company was responding to questions from the Securities Investor Association Singapore (Sias) ahead of its annual general meeting on Friday…
Read MoreMarco Polo Marine responds to Sias on why it raised wages, bonuses despite revenue drop
INTEGRATED marine logistics company Marco Polo Marine said that the increase in its wages, salaries and bonuses in FY2024 was “in line with the expansion plans” that the group had undertaken in recent years. The company was responding to questions from the Securities Investors Association (Singapore), or Sias, ahead of its annual general meeting on…
Read MoreRio Tinto, Glencore discuss potential combination in mining’s biggest-ever deal
RIO Tinto Group and Glencore have been discussing combining their businesses, which if successful would rank as the largest-ever mining deal and create a behemoth to rival longstanding leader BHP Group. Rio and Glencore have recently held early-stage talks about a deal, according to sources familiar with the matter, who asked not to be identified…
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