Posts by Mark Darwin
Singapore shares in the black at Wednesday’s open; STI up 0.2%
Singapore shares were in positive territory on Wednesday (Jan 15) at the open, as investors globally await key inflation data in the US which will set interest rate expectations. The Straits Times Index (STI) rose 0.2 per cent or 6.46 points to 3,795.23 just past 9 am. Across the broader market, advancers beat decliners 81…
Read MoreJPMorgan says altcoin-ETF inflows may be as high as US$14 billion
JPMORGAN Chase analysts estimate that a proposed batch of exchange-traded funds (ETFs) holding alternative cryptocurrencies may attract inflows of as much as US$14 billion should they get approved by the US Securities and Exchange Commission (SEC). Analysts at the New York-based bank predict the suite of proposed Solana ETFs will take in anywhere from US$3…
Read MoreMeta to cut roughly 5% of staff, targeting lowest performers
META Platforms is cutting roughly 5 per cent of its staff through performance-based terminations and plans to hire new people to fill their roles this year, according to an internal memo sent to all employees. As at September, Meta employed about 72,000 people, so a 5 per cent reduction could affect roughly 3,600 jobs. “I…
Read MoreSIA Engineering adds MOM perm sec Ng Chee Khern to board
SIA Engineering has appointed Ng Chee Khern, the permanent secretary of the Ministry of Manpower, as an independent non-executive director, with effect from Feb 1. Along with the appointment, the 59-year-old has been added to the board’s audit committee and technology advisory committee, said the maintenance, repair and overhaul services provider in a bourse filing on Tuesday…
Read MoreGreat Eastern Life prices US$500 million fixed rate perpetual capital securities
The Great Eastern Life Assurance Company has priced US$500 million fixed rate perpetual capital securities, first callable in 2032, to be issued on or about Jan 22. The Series 002 Securities will be under the S$2 billion Euro Medium Term Note Programme established by both Great Eastern Life and Great Eastern Holdings, announced Great Eastern…
Read MoreApollo, StanChart sign US$3 billion energy transition partnership
APOLLO Global Management and Standard Chartered have formed a partnership to finance infrastructure deals, renewable energy and the low-carbon transition. Apollo Clean Transition Capital, the firm’s sustainable investing platform, and the London-listed bank have committed to jointly invest up to US$3 billion, primarily through providing debt, according to a statement from Apollo seen by Bloomberg. …
Read MoreMacquarie to invest up to US$5 billion in Applied Digital data centres
Investment bank Macquarie will invest up to US$5 billion in Applied Digital’s AI data centres and will take a 15 per cent stake in the company, the Wall Street Journal reported on Tuesday (Jan 14). Shares of the data centre operator jumped over 20 per cent in pre-market trading. Macquarie’s asset-management arm agreed to invest…
Read MoreMalaysia’s Yinson secures deal with investors including Abu Dhabi for US$1 billion funding
MALAYSIAN energy infrastructure firm Yinson Holdings said it has signed an agreement with a consortium of investors for a funding round in its unit that makes vessels used by the offshore oil and gas industry. Yinson Production Offshore will issue US$1 billion in redeemable convertible preferred shares and 10 per cent warrants to Abu Dhabi…
Read MoreMitsubishi Corp quits China metal trading after copper fraud
Japanese conglomerate Mitsubishi Corp plans to shutter its Chinese metal trading business after suspected fraud by one of its copper traders led to a more than US$90 million loss. The company will stop buying and selling refined metals and mineral resources in the Chinese spot market and will no longer provide related services for local…
Read More65 Equity Partners’ part in TalkMed offer is at odds with core
With its mandate to support companies eyeing an SGX listing, encouraging the medical group’s delisting is a bad look TALKMED Group late last year received a privatisation proposal from oncology-focused group Tamarind Health. But there was a curious player tagging along in the deal – Singapore-based global investment firm 65 Equity Partners. As part of…
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