Posts by Mark Darwin
Ahead of Fed’s final meeting of 2024, all eyes on the gifts that Powell might dole out
LAST Christmas, the US Federal Reserve gave the stock market a change of heart. This year, to save economists from tears, the central bank is going to do something special – it’s going to pause. After more than a year of ratcheting up interest rates at every meeting, the Fed finally pivoted from its war…
Read MoreUS finalises US$9.63 billion loan for Ford, SK On joint battery venture
THE US Energy Department on Monday (Dec 16) said it has finalised a US$9.63 billion loan to a joint venture of Ford Motor and South Korean battery maker SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky. The low-cost government loan for the BlueOval SK joint venture is…
Read MoreSingapore stocks edge up at Monday’s open; STI up 0.1%
SINGAPORE shares opened slightly higher on Monday (Dec 16), in line with the narrow ranges that Asian equities traded ahead of a swath of Chinese data. As at 9.03 am, the Straits Times Index (STI) edged up 4.9 points or 0.1 per cent to 3,815.25. Across the broader market, gainers outnumbered losers 68 to 61…
Read MoreFirst Ship Lease Trust unit to sell one vessel
Its wholly owned subsidiary, FSL-1, will be selling the vessel Cumbrian Fisher to an unaffiliated third party FIRST Ship Lease (FSL) Trust announced on Monday (Dec 16) that its wholly owned subsidiary, FSL-1, will be selling the vessel Cumbrian Fisher to an unaffiliated third party. FSL-1 has entered a memorandum of understanding with the buyer…
Read MorePrice seen softening further for key semiconductor index
THE Philadelphia Semiconductor Index (SOX) is a modified capitalisation-weighted index comprising companies involved in the design, distribution, manufacturing and sale of semiconductors. Since peaking in mid-July this year, the SOX has pulled back over 15 per cent, underperforming the broad-based S&P 500, which has risen over 8 per cent in the same period. This weakness…
Read MoreCan You Borrow Money from Chime?
Ever wondered if you can borrow money from Chime? You’re not alone. Chime, known for its user-friendly banking services, has options like Instant Loans and MyPay to help you access funds when you need them. Whether you’re looking to cover an unexpected expense or just need a little extra cash before payday, understanding how Chime’s…
Read MoreNRIC numbers may not be secure enough for authentication purposes, but how will companies adapt?
Publicly available NRIC numbers can lead to unintended challenges with compliance and data breaches NATIONAL Registration Identity Card (NRIC) numbers may not be secure enough to authenticate transactions, but making the full numbers publicly available may lead to unintended consequences. On Saturday (Dec 14), the Ministry of Digital Development and Information (MDDI) announced that the…
Read MoreChina’s Cnooc sells US assets to Britain’s Ineos
CHINA’S Cnooc has sold its US subsidiary, together with its upstream oil and gas assets in the Gulf of Mexico, to British chemicals group Ineos, according to a Cnooc statement issued on Saturday (Dec 14). The Chinese oil and gas major said Cnooc Energy Holdings USA entered into a sales agreement with a subsidiary of…
Read MoreElectric Bill Charges Explained
Electric bills can be a bit of a mystery. You get them every month, pay them, and sometimes wonder why they change so much. Maybe you’ve asked yourself what all those charges mean. Well, you’re not alone. Many folks are puzzled by the breakdown of their electric bills. This article is here to help you…
Read MoreNRIC should not be treated as sensitive unique identifiers: MDDI
NATIONAL Registration Identity Card (NRIC) numbers should not be treated as sensitive, and instead be viewed as full names currently are, a Ministry of Digital Development and Information spokesperson said on Saturday (Dec 14). “As a unique identifier, the NRIC number is assumed to be known, just as our real names are known. “There should…
Read More