Posts by Mark Darwin
Opec output dips in December as UAE improves delivery of cuts
ORGANIZATION of Petroleum Exporting Countries ‘s (Opec) crude production dipped last month as the United Arab Emirates stepped up implementation of supply cutbacks aimed at buoying global oil markets. Output from the Opec fell by 120,000 barrels a day to 27.05 million a day, with the UAE accounting for most of the drop, according to…
Read MoreIntel says new laptop chips will extend computer battery life
INTEL, which has been fending off mounting competition in notebook processors, says a new range of chips will help enable the longest battery life available in laptops. New computers based on the latest version of its Core Ultra processors will go on sale starting this month, the company said on Monday (Jan 6) at CES,…
Read MoreUS Steel, Nippon Steel sue Biden administration over decision to block merger
US PRESIDENT Joe Biden violated the Constitution by blocking Nippon Steel’s US$14.9 billion bid for US Steel through a sham national security review, the companies alleged in a lawsuit they said was filed on Monday (Jan 6). The companies want the federal court to scrap Biden’s decision to scuttle the deal so they can secure…
Read MoreLG CNS begins taking orders for Korea’s biggest IPO since 2022
LG CNS, whose services include cloud and warehouse management, is accepting bids until Jan 15 LG Corp’s tech-services unit started taking orders for an initial public offering in Seoul that may raise as much as US$816 million, which would make it South Korea’s largest IPO in three years. LG CNS, whose services include cloud and…
Read MorePace of SGX delisting may not slow down in 2025: analysts
With 20 delistings in 2024, the SGX faces ongoing challenges from low market liquidity, increasing regulatory scrutiny, and the growing appeal of…
Read MorePace of SGX delistings may not slow down in 2025: analysts
With 20 delistings in 2024, SGX faces ongoing challenges from low market liquidity, increasing regulatory scrutiny, and the growing appeal of private funding DELISTINGS from the Singapore Exchange (SGX) continued to outpace new listings in 2024, but industry watchers are optimistic that strong global market performance and an ongoing revamp of the local equities market…
Read MoreJapan PM says blocked US Steel deal could hit investments
JAPAN’S Prime Minister Shigeru Ishiba on Monday (Jan 6) urged Washington to dispel concerns that a decision by Joe Biden to block Nippon Steel’s takeover of US Steel could impact future investments. The US president’s announcement last week cited a strategic need to protect domestic industry, a move that drew sharp criticism from both companies…
Read MoreOCBC says healthcare S-Reits offer defence amid slower rate cuts, names top picks
INVESTORS should consider buying healthcare Singapore-listed real estate investment trusts (S-Reits) to strengthen their portfolios, an OCBC Investment Research report has suggested. This is because the healthcare sector offers investors defensiveness against the uncertainty brought about by a second Trump presidency, said OCBC equity research analysts Ada Lim and Donavan Tan in the December report.…
Read MoreJapan’s Nikkei slips more than 1% on 1st trading day of 2025 after year-end rally
Japan’s Nikkei share average slipped more than 1 per cent on the first trading day of 2025 on Monday (Jan 6) as investors sold stocks after the index’s year-end rally, overshadowing gains in chip-related stocks. The Nikkei fell 1.47 per cent to 39,307.05 after opening 0.13 per cent higher. The index gained 4.4 per cent…
Read MoreCredit Suisse’s Ray Farris named Prudential’s first chief economist
CREDIT Suisse veteran Ray Farris has been appointed chief economist of Prudential’s asset management arm, Eastspring Investments, to drive economic analysis and insights for both Eastspring and its parent company. On Monday (Jan 6), Prudential said Farris will be the group’s first chief economist, reporting to Eastspring’s chief investment officer Vis Nayar. Based in Singapore,…
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