Posts by Mark Darwin
Asia: Markets track Wall Street rally as US inflation eases rate worries
ASIAN markets rose on Monday (Dec 23)after big gains on Wall Street, with traders welcoming below-forecast US inflation data that tempered worries that the Federal Reserve will take a more hawkish tone with interest rates next year. A holiday-thinned week got off to a healthy start after last week’s sell-off sparked by the US central…
Read MoreSingPost falls by over 8% in early trade after 3 senior execs were fired
Shares of Singapore Post (SingPost) fell sharply on Monday (Dec 23) following the exit of three of the group’s top three executives. As at 9.04 am, the counter dipped 8 per cent or S$0.045 to S$0.515, with 10.6 million securities changing hands. At 9.26 am, it was the second-most traded counter by volume, The employment…
Read MoreTalkMed receives privatisation offer for S$0.456 per scheme share
TERTIARY healthcare services provider TalkMed Group on Monday (Dec 23) announced that it has received a privatisation proposal from TW Troy, a special purpose vehicle managed by Tamarind Health. The offer by TW Troy is made by way of scheme of arrangement. It is offering S$0.456 in cash per scheme share. This represents a 20…
Read MoreTalkMed receives S$0.456 per share in privatisation offer via scheme of arrangement
TERTIARY healthcare services provider TalkMed Group on Monday (Dec 23) announced that it has received a privatisation proposal from TW Troy, a special purpose vehicle managed by Tamarind Health. The offer by TW Troy is made by way of scheme of arrangement. It is offering S$0.456 in cash per scheme share. This represents a 20…
Read MoreApple’s US$1 billion investment may be fleeting win for Indonesia
INDONESIA claimed victory after Apple offered to increase its investment in the country to US$1 billion to get President Prabowo Subianto’s government to lift a ban on the sale of iPhone 16s. The win may be short-lived. Using a protectionist playbook to get companies to build factories could end up sidelining South-east Asia’s largest economy…
Read MoreBitcoin approaching first weekly decline since Trump’s victory
BITCOIN is headed towards its first weekly decline since Donald Trump’s victory in last month’s US election as a cautious Federal Reserve policy outlook tempers optimism sparked by the president-elect’s embrace of the crypto sector. The largest digital asset was down more than 7 per cent for the seven-day period till 2.50 pm on Sunday…
Read MoreCanadian dollar posts fourth straight weekly loss amid Trudeau uncertainty
THE Canadian dollar strengthened against its US counterpart on Friday (Dec 20) as investors cheered US inflation data, with the loonie paring its weekly decline after it was pressured by a more hawkish Federal Reserve and domestic political turmoil. The loonie was trading 0.3 per cent higher at 1.4350 to the US dollar, or 69.69…
Read More‘I never thought we would become farmers,’ says F&N CEO
CITRUS farms in Florida have been battered after two hurricanes in two weeks swept over the South-eastern coast of United States between September and October this year. One of the world’s largest citrus producers, the state expects crop yields in 2024 to be at their lowest in close to 100 years after Hurricane Helene and…
Read MoreSingPost fires CEO Vincent Phang, CFO Vincent Yik over handling of whistleblowing report
SINGAPORE POST (SingPost) has terminated the employment of three of its senior management staff, as they were found to be negligent in the handling of internal investigations over a whistleblower’s report that it received earlier this year. The employment of group chief executive Vincent Phang, group chief financial officer Vincent Yik, and the chief executive…
Read MoreBest Time to Buy an iPhone
Thinking about getting a new iPhone? It’s not just about picking the right model; timing your purchase can make a big difference in how much you pay. With iPhones being quite an investment, knowing when to buy can save you a good chunk of change. From major sales events to the release of new models,…
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