Posts by Mark Darwin
Stocks to watch: Mapletree Logistics Trust, City Developments, Frasers Property
THE following companies saw new developments that may affect trading of their securities on Friday (Jan 17). Mapletree Logistics Trust (MLT): Its trustee, HSBC Institutional Trust Services, has entered into a purchase agreement to divest a property at 8 Tuas View Square for about S$11.2 million, 39.8 per cent above its latest valuation. The proposed…
Read MoreAmerican Express to pay US$230 million to settle US charges over deceptive sales practices
AMERICAN Express said on Thursday (Jan 16) it will pay about US$230 million to settle US criminal and civil probes into alleged deceptive practices in selling credit card and wire transfer products to small business customers. The credit card and travel services company agreed to pay US$138.4 million, including about US$108 million in fines, and…
Read MoreSchroders to cut 3% of workforce in bid to revive growth
SCHRODERS plans to cut as much as 3 per cent of its workforce, as new chief executive officer Richard Oldfield looks to revive the UK’s largest standalone asset manager. The firm is cutting about 200 jobs that are mostly in technology, according to a source familiar with the matter who asked not to be identified…
Read MoreLarger language models are not necessarily better as companies seek returns on AI investments
Small language models – streamlined versions of larger ones – are expected to gain popularity LARGE language models (LLMs) – artificial intelligence (AI) systems such as ChatGPT that process vast amounts of text data to comprehend and generate human language – have been touted as a game changer with the potential to make workers far…
Read MoreInjury at Work? When to Call a Lawyer (and When Not to)
Getting hurt at work is no joke. You might slip, trip, or get caught in something you didn’t even see coming. When this happens, knowing what to do next is key. Sometimes, it’s just a minor bump and you can handle it on your own. But other times, you might need to call in the…
Read MoreUS: S&P 500 opens slightly higher with focus on earnings, economic data
THE benchmark S&P 500 opened slightly higher on Thursday (Jan 16) following strong gains in the previous session, as investors assessed softer-than-expected retail sales data and a set of strong bank earnings. The Dow Jones Industrial Average rose 68.7 points, or 0.16 per cent, at the open to 43,290.25. The S&P 500 rose 13.7 points,…
Read MoreTemasek’s Azalea announces CEO Margaret Lui’s retirement; CIO Chue En Yaw to succeed her
CEO Margaret Lui’s retirement will mark the end of her 40-year career with the Temasek group Azalea Investment Management’s chief executive officer Margaret Lui will retire on Mar 31. Chief investment officer Chue En Yaw will take the helm while retaining his CIO responsibilities, effective from Apr 1, Azalea said on Thursday (Jan 16). Lui,…
Read MoreHonda seeks to buy out Renault’s stake in Nissan, Kyodo reports
HONDA Motor has asked Nissan Motor whether it would be able to acquire Renault’s shareholding, according to a Kyodo News report, as the two Japanese automakers prepare to combine in an effort to gain scale in an increasingly competitive car market. French auto manufacturer Renault holds a 35.7 per cent interest in Nissan, according to…
Read MoreChina to probe US chip dumping and subsidies in response to tech sanctions
CHINA will start an investigation into whether the US dumps lower-end chips and unfairly subsidises its own chipmakers, one of Beijing’s strongest retaliatory moves so far against American technology sanctions. The government will look into whether the US is giving its chipmakers an unfair advantage through incentives and grants, or illegally undercutting Chinese products, the…
Read MoreDBS could declare special dividend of S$0.50, raise ordinary DPS to S$0.60: CGSI
DBS may declare a special dividend of S$0.50 for the fourth quarter of FY2024 as well as raise its ordinary dividend per share to S$0.60, said CGS International in a report on Tuesday (Jan 14). Reiterating its “hold” call on the bank, the research house maintained its target price at S$43, which is 1.1 per…
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