Posts by Mark Darwin
US: Wall Street dips at open in holiday-thinned trading
Wall Street’s main indexes opened lower on Thursday (Dec 26) in light trading volumes after the Christmas holiday, as investors took stock of their portfolios and looked for a year-end boost from the so-called Santa Claus rally. The Dow Jones Industrial Average fell 95.2 points, or 0.22 per cent, at the open to 43,201.85. The…
Read MoreBitcoin gains on MicroStrategy’s plans to issue more shares
BITCOIN rose on Thursday (Dec 26) after the digital asset’s stockpiler MicroStrategy announced a plan to issue more shares, a move that would allow it to buy even more tokens. The digital asset was up 0.32 per cent at US$98,747 as at 11.30 am in Singapore, off its intraday high of US$99,876.70. A broader gauge…
Read MoreHonda, Nissan deal may be key in fight against China’s BYD
HONDA Motor absorbing Nissan Motor could give the two struggling Japanese brands the scale they need to take on China’s BYD, sales figures released on Wednesday (Dec 25) show. Honda, which earlier this week sketched out plans for a deal that amounts to an acquisition of Nissan, sold 3.43 million cars globally in the first…
Read MoreGodiva’s Turkish owner to sell marinas to focus on core business
YILDIZ Holding, the Turkish conglomerate behind Godiva chocolates and McVitie’s biscuits, will sell its marinas to focus on its core food and retail businesses. “At Yildiz Holding, we are prioritising food and retail as part of our ongoing strategy to grow organically and strengthen our global partnerships. As part of this focus, we have decided…
Read MoreGold edges higher in holiday trade; eyes on US Federal Reserve’s 2025 plan
GOLD inched higher on Thursday (Dec 26) in holiday-thinned trade, as investors focused on the US Federal Reserve’s interest rate strategy and anticipated tariff policies under president-elect Donald Trump, both of which could influence the metal’s direction in the coming year. Spot gold rose 0.2 per cent to US$2,619.59 per ounce, as at 0023 GMT. …
Read MoreSingapore stocks open lower on Thursday; STI down 0.1%
SINGAPORE shares fell at Thursday’s (Dec 26) open, reversing from Tuesday’s gains before investors took a break for Christmas. The Straits Times Index (STI) fell 3.1 points or 0.1 per cent to 3,766.45 as at 9.01 am. Across the broader market, gainers outnumbered losers 59 to 41 after 44.7 million securities worth S$16.3 million changed…
Read MoreStocks to watch: Koh Brothers Eco Engineering, ComfortDelGro, Cromwell E-Reit
THE following companies saw new developments that may affect the trading of their securities on Thursday (Dec 26): Koh Brothers Eco Engineering: Its wholly owned subsidiary bagged a S$313.9 million contract from the Land Transport Authority to design and construct a bus depot in Lorong Halus. Works will begin on Jan 6, 2025, and are…
Read MoreChina keeps key rate steady with traders expecting cuts in 2025
CHINA kept a key interest rate unchanged – a move widely expected by economists – as it seeks to keep its powder dry ahead of possible escalation in trade tensions with the US. The People’s Bank of China (PBOC) held the interest rate on the one-year medium-term lending (MLF) facility steady at 2 per cent,…
Read MoreBank of Japan’s Ueda expects further progress in hitting price target next year
THE Bank of Japan (BOJ) expects the economy to move closer to sustainably achieving the central bank’s 2 per cent inflation target next year, governor Kazuo Ueda said on Wednesday (Dec 25), suggesting the timing of its next interest rate increase was nearing. But he warned of the need to scrutinise the fallout from “high…
Read MoreMost Common Money-Wasting Purchases
Ever wonder where all your hard-earned money goes? You might be surprised to find out how much of it disappears on things you don’t really need. From impulse buys to those sneaky subscription services you forgot about, it’s easy to fall into the trap of stupid purchases. Let’s dive into some of the most common…
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