Posts by Mark Darwin
Crude palm oil prices’ bullish momentum may be tested in volatile market
The benchmark Malaysian crude palm oil (CPO) futures contract has been on a steady rally since mid-September 2024. Prices have surged, fuelled by expectations of lower production following the peak harvest season and recent concerns over wet weather and flooding affecting output. Additionally, the anticipation of stronger export demand ahead of key festive seasons has…
Read MoreIntel’s lack of a clear plan makes Wall Street even more bearish
Things were already looking bad for Intel shares this year. But the chipmaker’s sudden ouster of its chief executive officer has led to even more investors throwing in the towel. The stock fell 13 per cent in the five days ending Friday (Dec 6), notching its worst week in three months after Intel abruptly announced…
Read MoreMarco Polo Marine directors boost shareholding
Over the five trading sessions from Nov 29 to Dec 5, institutions were net buyers of Singapore stocks, leading to a net institutional inflow of S$418 million. This inflow has shifted the balance of institutional flow for 2024 back to inflow. Stocks that led the net institutional inflow over the five sessions until Dec 5…
Read MoreLargest Bet Ever Placed in History
In the world of gambling, some bets stand out not just for their size but for the stories behind them. From legendary figures to shocking payouts, these bets have made history and captured the imagination of many. Let’s explore some of the largest bets ever placed, diving into the lives of the gamblers and the…
Read MoreGrocery Budget Percentages by Income
Managing your grocery budget can be tricky, especially when balancing it with your income. Knowing how much of your earnings should go toward food is essential for smart spending. This article explores grocery budgeting based on income and offers practical tips to help you save money while still enjoying nutritious meals. Key Takeaways Aim to…
Read MoreChina’s central bank resumes gold purchases after six-month hiatus in November
CHINA’S central bank resumed buying gold for its reserves in November after a six-month pause, official data by the People’s Bank of China (PBOC) showed on Saturday (Dec 7). The PBOC was the world’s largest official sector buyer of gold in 2023. Resumption of its purchases may support Chinese investor demand which was muted since…
Read MoreDisney’s largest cruise ship targets Asia with Marvel heroes
TICKETS for a voyage on board Walt Disney’s first Asia-based cruise ship go on sale next week, as the entertainment giant takes advantage of a tourism boom in Singapore to realise ambitious goals for its cruise business. Bookings for the Disney Adventure will open to the general public on Dec 10, a full year before…
Read MoreApple explores Macs, headsets with built-in cellular data
APPLE’s effort to build its own modem technology will set the stage for a range of new devices, starting with slimmer iPhones and potentially leading to cellular-connected Macs and headsets. The new products will be made possible by an in-house modem chip slated to debut next year, sources familiar with the effort said. That component,…
Read MoreSpaceX gets US contract to expand Ukraine’s access to Starshield
SPACEX received a Pentagon contract to expand Ukraine’s access to a more secure, militarized version of its Starlink satellite network, deepening the company’s involvement in the conflict despite founder Elon Musk’s ambivalence over the war. The contract means that 2,500 Starlink terminals already in Ukraine will get access to Starshield, a classified and encrypted signal…
Read MoreArabica coffee’s premium over robusta widens on recent rally
THE premium for arabica coffee over robusta beans widens to the most since April 2023 amid concerns over tight supplies of the pricier variety. The price difference expanded to more than 90 US cents a pound on Thursday (Dec 5) as arabica futures gained as much as 3.3 per cent. The most active contract in…
Read More