Posts by Mark Darwin
US: Stocks rally after inflation data but close lower for the week
US stocks rallied to close out the trading week on Friday (Dec 20) after two lacklustre sessions as a cooler-than-expected inflation report and comments from Federal Reserve officials eased worries about the path of interest rates. The latest inflation report in the form of the Personal Consumption Expenditure (PCE) index showed a 2.4 per cent…
Read MoreJaume Ros Asked Neil Patel About His Growth Strategies – Here’s What He Said
The digital marketing continues to adapt, presenting both challenges and opportunities for businesses seeking growth. Drawing from different experiences in building and scaling successful ventures, this discussion includes effective growth strategies, the future of SEO, and practical business insights. I will examine Jaume Ros’s recent interview where he sat down with SEO expert, Neil Patel…
Read MoreSwiss bank watchdog blundered on Credit Suisse, report finds
THE Swiss parliament heavily criticised the previous leadership of Switzerland’s financial regulator Finma in a landmark enquiry into last year’s collapse of Credit Suisse. Finma’s 2017 decision to grant Credit Suisse relief from capital requirements obscured the true state of the bank and prevented corrective measures from being taken on time, a specially-convened commission said…
Read MoreNanofilm Technologies reappoints founder as CEO
Current CEO will remain until Jun 13, 2025, to ensure a smooth transition of duties and responsibilities NANOTECHNOLOGY solutions provider Nanofilm Technologies has appointed its founder Shi Xu to be its incoming CEO from Jan 1 next year, after its current CEO Gary Ho resigned after more than four years at the helm. Although Ho…
Read MoreMalaysia says Facebook, X, TikTok must get licences, NST reports
The move is meant to combat rising cases of cybercrime, including online fraud and gambling, as well as cyberbullying and sexual crimes against children MALAYSIA has identified eight social media and online messaging platforms that will be required to obtain a licence by next year, even as the government faces resistance to its plans to…
Read MoreChina’s hottest stock, Pop Mart, rockets 370% on craze for collectibles
IN A Vanity Fair video last month, Lisa, a member of mega K-pop band Blackpink, shared her obsession with toys from Chinese company Pop Mart International Group. “I go crazy. It’s like I spent all my money,” she laughed, unboxing dolls from the toymaker’s PUCKY Roly Poly Kitty series. “I go to Pop Mart everywhere.…
Read MoreChina’s overseas investment adds to cash exodus weighing on renminbi
CHINESE firms from carmakers to miners are ramping up their overseas spending, adding to pressure on the renminbi amid an accompanying exodus of foreign capital. Chinese non-financial companies invested almost US$129 billion outside the country in the first 11 months of this year, according to government data released on Thursday (Dec 19). That puts outflows…
Read MoreHertz My Car Subscription Review
Hertz My Car is making waves in the vehicle subscription market. It’s like having a car without the long-term commitment of a lease. You pay a monthly fee, and that covers your insurance, maintenance, and even gives you the option to switch cars a couple of times a month. It’s a solid option if you…
Read MoreIntel shortlists suitors for programmable chip arm Altera
INTEL has shortlisted a number of buyout firms for the next round of bidding for its Altera unit, according to sources familiar with the matter, as the beleaguered chipmaker makes headway on a process started by its now ousted chief executive officer. Private equity firms including Francisco Partners and Silver Lake Management are competing alongside…
Read MoreIndonesia weighs deep cuts to nickel mining to boost prices
INDONESIA is considering deep cuts to nickel mining quotas as it seeks to boost slumping prices of the battery metal, according to sources familiar with the matter. The Energy and Mineral Resources Ministry is looking at lowering the amount of nickel ore allowed to be mined next year to 150 million tonnes, said the sources,…
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