Posts by Mark Darwin
Micron drops after sluggish PC, phone demand hurts forecast
MICRON Technology, the largest US maker of computer memory chips, tumbled in late trading after its revenue forecast missed projections by about US$1 billion, hurt by sluggish demand for smartphones and personal computers (PC). Sales will be roughly US$7.9 billion in the fiscal second quarter, which runs to February, the company said on Wednesday (Dec…
Read MoreChina firms seeking second listings seen boosting Hong Kong deal volume
HONG Kong’s dealmakers are betting on mainland-traded Chinese companies’ second listings to boost share-sale volumes next year, building on a pickup in recent months. Such listings could help lift Hong Kong’s initial public offering volumes to about US$15 billion in 2025, according to a forecast by KPMG, compared to US$10.5 billion so far this year.…
Read MoreCiti and Maybank Securities collaborate to offer global securities lending to Singapore retail investors
This collaboration marks the introduction of Citi Securities Lending Access in Asia CITI and Maybank Securities announced on Wednesday (Dec 18) that they will be working to facilitate the lending of retail clients’ global equity holdings together using Citi’s platform. From this venture, clients of Maybank Securities will be able to earn a portion of…
Read MoreBoeing says it has resumed 767, 777 wide-body production
BOEING said late on Tuesday it has resumed production of all airplane programmes that had been halted by a machinists’ strike in the Pacific North-west. The planemaker confirmed last week it restarted production of its best-selling 737 MAX jetliner in early December – about a month after the end of a seven-week strike by 33,000…
Read MoreSTI continues losing streak; falls 0.5% on Wednesday
THE Straits Times Index (STI) continued the losing streak on Wednesday (Dec 18), while regional indices had mixed results. The STI was down 0.5 per cent or 20.31 points at 3,779.62. Across the broader market, advancers outnumbered decliners 258 to 224, after 783.4 million shares worth S$905 million changed hands. The trio of local banks…
Read MoreSembcorp awarded solar energy storage project in India
It is expected to bring the group’s gross renewables capacity in the country to almost 6 GW SEMBCORP Industries’ wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a build-own-operate project by India’s public sector company, Solar Energy Corporation of India. Comprising a 150 megawatt (MW) solar photovoltaic project and a 300 MW-hour battery energy…
Read MoreHonda and Nissan to begin merger talks: report
JAPANESE auto giants Honda Motor and Nissan Motor will enter talks on a merger aimed at helping them compete against Tesla and other electric vehicle makers, newspaper Nikkei reported early Wednesday. The two firms are looking to operate under a single holding company and will soon sign a memorandum of understanding for the new entity,…
Read MoreHonda, Nissan move to deepen ties, including possible merger
HONDA and Nissan are in talks to deepen ties, two people said on Wednesday (Dec 18), including a possible merger, the clearest sign yet of how Japan’s once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals. A combined Honda and Nissan would create a US$54 billion company with annual…
Read More12 Best Investment Apps for Beginners
Getting into investing can be a bit scary, right? Especially when you’re just starting out and have no idea where to begin. But don’t worry, there are apps out there designed just for beginners. These apps let you start investing with very little money and teach you the ropes along the way. No need to…
Read MoreUS: Wall Street opens lower after retail sales data; Fed awaited
WALL Street’s main indexes opened lower on Tuesday (Dec 17), as investors grew cautious ahead of the Federal Reserve’s interest rate decision later this week following strong retail sales data that pointed to consumers’ continued resilience. The Dow Jones Industrial Average fell 61 points, or 0.14 per cent, at the open to 43,656.47. The S&P…
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