Posts by Mark Darwin
Injury 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…
Read MoreTSMC profit beats estimates after year of rapid AI-driven growth
TAIWAN Semiconductor Manufacturing Company’s (TSMC) profit in the December quarter topped estimates with a 57 per cent rise, giving a boost to investors hoping to see the artificial intelligence (AI) hardware spending spree extend into 2025. The world’s biggest chipmaker reported a net income of NT$374.7 billion (S$15.6 billion) on Thursday (Jan 16). That compares…
Read MoreFidelity launches key China fund in bet on retirement boom
FIDELITY International, one of the world’s biggest pension managers, is taking a key first step in the Chinese market to tap a growing thirst for retirement solutions as the ageing of the world’s second-largest population quickens. The firm’s Shanghai-based unit said on Thursday (Jan 16) it has set up its first multi-asset public fund of…
Read MoreGold hits over one-month peak on Fed rate-cut hopes
GOLD prices hit more than one-month highs on Thursday (Jan 16) in early Asian hours after data showed US core inflation rose less than expected in December, raising hopes that the Federal Reserve could ease interest rates further. Spot gold was flat at US$2,695.84 per ounce, as at 0051 GMT, after hitting its highest since…
Read MoreSingapore shares close higher amid regional gains; STI adds 0.8%
Across the broader market, gainers beat losers 326 to 168, as 926.3 million securities worth S$1 billion change hands SINGAPORE stocks finished Thursday (Jan 16) in positive territory, tracking gains of regional peers. The benchmark Straits Times Index (STI) rose 0.8 per cent or 28.55 points to 3,801.13. The gains on the index were led…
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