Posts by Mark Darwin
Crypto volatility picks up as Trump-fueled rally starts to fray
A BOUT of selling buffeted crypto as the optimism sparked by president-elect Donald Trump’s embrace of the sector begins to cool. Bitcoin fell below US$95,000 at one point on Tuesday (Dec 10), while an index of smaller digital assets slid as much as 15 per cent, one of its biggest intraday drops of 2024. Speculators…
Read MoreSingapore Institute of Advanced Medical Holdings flagged over uncertainties about staying afloat
External auditors note the presence of material uncertainties that could cast significant doubt on its ability to continue as a going concern THE Singapore Institute of Advanced Medical Holdings (SIAMH) announced that external auditors of the company issued a disclaimer of opinion on the group’s results for the financial year ended Jun 30. In a…
Read MoreWhat Happens If You Lose a Check?
Losing a check can be a stressful experience, whether it’s a paycheck or a payment you sent. It raises many questions, especially if you wonder, “I lost my check, can someone cash it?” Understanding the risks and knowing the right steps to take can help you regain control and protect your finances. This article will…
Read MoreBank stocks drive Singapore shares higher on Tuesday; STI up 0.5%
Across the broader market, losers outnumber gainers 277 to 255 after 1.2 billion securities worth S$1.1 billion change hands SINGAPORE stocks closed Tuesday (Dec 10) in a positive territory, boosted by gains of local banks. The Straits Times Index (STI) rose 0.5 per cent or 18.63 points to 3,813.55. Across the broader market, losers outnumbered…
Read MoreReliance Industries seeks up to US$3 billion loan for refinancing
BILLIONAIRE Mukesh Ambani-owned Reliance Industries is in talks with banks for a loan of as much as US$3 billion to refinance debt due next year, according to sources familiar with the matter. About half a dozen banks are in discussions with the Indian conglomerate for the loan, which would be syndicated to wider market in…
Read MoreStocks to watch: Sembcorp Industries, Hai Leck, DBS
THE following companies saw new developments that may affect trading of their securities on Tuesday (Dec 10): Sembcorp Industries: The group on Tuesday said it received an update on legal proceedings where the South African Supreme Court of Appeal affirmed its 718 million rand (S$70 million) asset sale made in 2018 as valid and enforceable.…
Read MoreNewmont cuts management jobs in major corporate restructuring
NEWMONT let go of nearly a dozen managers, including a member of its executive team, as part of a sweeping corporate overhaul, according to sources familiar with the matter. The world’s top gold mining company initiated plans to dismiss one executive and at least 10 senior managers, the sources said, asking not to be named…
Read MoreChina investigates Nvidia over suspected violation of anti-monopoly law
CHINA’S market regulator said on Monday (Dec 9) it has launched an investigation into Nvidia over suspected violations of the country’s anti-monopoly law. The State Administration for Market Regulation (SAMR) said the US chipmaker is also suspected of violating commitments it made during its acquisition of Mellanox Technologies, according to terms outlined in the regulator’s…
Read MoreThe Malaysian ringgit was one of Asia’s best-performing currencies this year. Can it hold its strength?
A firmer ringgit will make some Singapore imports more expensive – but it is good for some parts of Malaysia’s stock market THE Malaysian ringgit was the top-performing currency in Asia earlier this year, and while it has pulled back recently, analysts say that it could either stay firm or regain some ground in the…
Read MoreHai Leck founder offers to take company private at S$0.55 per share
The offer price represents a premium of 34.1 per cent over the company’s last traded price on Dec 3 THE founder and chairman of Hai Leck Holdings, Cheng Buck Poh, has proposed to privatise the company at S$0.55 per share in cash via a scheme of arrangement. As at Monday (Dec 9), the company has…
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