Posts by Mark Darwin
US Fed floats major changes to bank stress tests in light of legal rulings
THE US Federal Reserve said on Monday (Dec 23) it was considering major changes to its annual bank “stress tests” in light of recent legal developments, including allowing lenders to provide comment on the models it uses, in a major victory for Wall Street banks. The Fed said it may also allow lenders to provide…
Read MoreEurope: Stoxx 600 inches up as Novo Nordisk surges at start of Christmas week
EUROPE’S Stoxx 600 closed slightly higher at the start of a holiday-shortened week, as a spike in Novo Nordisk shares boosted the healthcare sector and capped losses on the main stock index. The pan-European Stoxx 600 gauge closed 0.1 per cent higher after clocking its biggest weekly fall in over three months last week. Trading…
Read MoreMalaysia, Indonesia to battle for IPO supremacy in 2025 as signs point to Asean market comeback
Industry observers say the region’s listings are expected to improve amid lower interest rates and economic growth INDONESIA and Malaysia are likely to jostle for the top spot on the Asean initial public offering (IPO) leaderboard in 2025, as the former returns to political stability following a general election. This comes after Malaysia emerged as…
Read MoreHow Queen Elizabeth’s Will Divided Her Fortune
Queen Elizabeth’s will has been a topic of much curiosity and speculation. People are eager to know how her vast wealth and treasured possessions were distributed. Her will not only reflects her personal wishes but also offers a glimpse into her values and priorities. In this article, we’ll explore the different aspects of her will,…
Read MoreUS: Wall St mixed at start of holiday-shortened week
Wall Street’s main indexes were muted at the start of a holiday-shortened week on Monday (Dec 23), as a stopgap government funding bill averted a partial shutdown and investors contended with a slower pace of rate cuts from the US central bank next year. The Dow Jones Industrial Average fell 39.8 points, or 0.09 per…
Read MoreXerox to buy printer maker Lexmark from Chinese owners in US$1.5 billion deal
The office equipment manufacturer has seen its revenue shrink for five straight quarters OFFICE equipment manufacturer Xerox will buy Chinese-owned printer and printing software maker Lexmark International in a US$1.5 billion deal to bolster its mainstay business, the companies said on Monday (Dec 23). The purchase from Ninestar Corp, PAG Asia Capital and Shanghai Shouda…
Read MoreDollar Bill Symbols: Complete Guide
Ever wondered about the symbols on a dollar bill? They’re everywhere, and each one tells a story. From the face of George Washington to the mysterious pyramid and eye, every detail has a purpose. This guide will take you through the different parts of a dollar bill, revealing the history, myths, and artistry behind America’s…
Read MoreChinese EV makers hit EU wall as tariffs inflate cost of imports
CHINESE automakers captured their smallest share of Europe’s electric vehicle (EV) market in eight months after new tariffs added as much as 35 per cent to the cost of importing cars to the region. Manufacturers such as BYD and Saic Motor’s MG accounted for 7.4 per cent of EV registrations across the European Union in…
Read MoreTwo new ride-hailing operators awarded provisional licences in Singapore
TWO new ride-hail service operators – Geo Lah and Trans-cab Services – will enter the Singapore market in 2025. The news comes as licensed operators of point-to-point (P2P) transport services were announced by the Land Transport Authority (LTA) on Monday (Dec 23), ahead of rule updates to the sector that come into force in 2025.…
Read MoreUS investors pay biggest premium for TSMC shares in two months
TAIWAN Semiconductor Manufacturing Company’s (TSMC) US-listed shares cost almost 25 per cent more than those in its domestic market at the end of last week, a sign that global investors are still willing to pay up for stocks that can benefit from the artificial intelligence boom. The chipmaker’s American depositary receipts (ADRs) have long traded…
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