Posts by Mark Darwin
Biggest US banks ready mortgage relief for victims of Los Angeles wildfires
JPMORGAN Chase and Bank of America (BOA) are easing mortgage repayment conditions for customers affected by the Los Angeles wildfires, as residents grapple with one of the most destructive natural disasters in the city’s history. Chase Home Lending is providing disaster forbearance for mortgage customers affected by the wildfires, parent firm JPMorgan said on Monday…
Read MoreUS: Wall St opens lower as investors dial back bets on Fed rate cuts this year
Wall Street’s main indexes opened lower on Monday (Jan 13), as yields surged after robust payroll numbers last week bolstered expectations that the Federal Reserve will maintain a hawkish stance for most of 2025. The Dow Jones Industrial Average fell 13.8 points, or 0.03 per cent, at the open to 41,924.68. The S&P 500 fell…
Read MoreGold beats STI, Hong Kong-listed tech to be top-traded ETF on SGX in 2024
The precious metal continues to shine as investors look to diversify equity and bond portfolios amid geopolitical tensions and market volatility, says analyst RECORD-HIGH gold prices in 2024 have fuelled investment appetite for physically backed gold exchange-traded funds (ETFs) in Singapore. SPDR Gold Shares, the only gold ETF on the Singapore Exchange (SGX), was the…
Read MoreSunday Mail Mystery Solved: Here’s When USPS Actually Delivers
Ever found yourself puzzled about whether your mail will show up on a Sunday? You’re not alone. Many folks are curious about how USPS handles Sunday deliveries. While it’s not the norm for mail to arrive on this day, there are exceptions. Let’s unravel the mystery of Sunday mail, so you know exactly what to…
Read MoreGSK to buy US cancer biotech IDRx for up to US$1.15 billion
GSK agreed to buy US biotech IDRx for as much as US$1.15 billion to gain new cancer medicines. The UK drugmaker will pay US$1 billion upfront for IDRx, whose lead drug for gastrointestinal tumours shows potential against mutations that currently leave patients with few treatment options, GSK said on Monday (Jan 13). IDRx’s experimental medicine…
Read MoreRegency Steel Asia chairman fined S$350,000 for false trading of Hiap Hoe, Hotel Grand Central shares
THE Monetary Authority of Singapore (MAS) imposed a civil penalty of S$350,000 on Gui Boon Sui for conducting false and unauthorised trading of shares in Hiap Hoe and Hotel Grand Central. Gui is currently listed as the chairman of Regency Steel Asia. The steel solution provider was formed in 2004, following the acquisition of…
Read MoreSmart glasses enter new era with sleeker designs, lower prices
PRODUCERS of hi-tech connected eyewear are multiplying their innovations with increasingly discreet models in an attempt to make a difference in a highly competitive – and fast-emerging – market. Live translation, GPS, cameras: glasses are quickly adopting new functionalities. “There are so many of these smart wearables, and more of them are going on your…
Read MoreTop Asian oil buyers in turmoil after sweeping Russian sanctions
REFINERS, tanker operators, traders and port executives across Asia were scrambling on Monday (Jan 13) to manage the fallout from the US’s most aggressive sanctions on Russia’s oil industry to date, and the impact on major importers China and India. The two countries have been the main beneficiaries of cut-price Russian crude since the invasion…
Read MoreTop Asian oil buyers in turmoil after sweeping US sanctions on Russia’s oil industry
REFINERS, tanker operators, traders and port executives across Asia were scrambling on Monday (Jan 13) to manage the fallout from the United States’ most aggressive sanctions on Russia’s oil industry to date, and the impact on major importers China and India. The two countries have been the main beneficiaries of cut-price Russian crude since the…
Read MoreMacquarie investing arm hires Gabriel Ho for South-east Asia push
MACQUARIE Group has hired a new managing director as part of a push in South-east Asia for the firm’s investing arm. Macquarie Asset Management appointed Gabriel Ho to expand its coverage of the region, the company said in a statement on Monday (Jan 13). Ho was formerly a partner at South-east Asia focused private equity…
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