Posts by Mark Darwin
Stability, rich talent pool in South-east Asia drive double-digit growth for Citi across inter-Asean trade corridors
Governments in the region are welcoming of supply chain shifts, says the bank’s co-head of corporate banking THE South-east Asia region is favoured for its relative stability, geographic location and talent pool, which make it a good region for businesses to diversify their supply chains, said Jason Rekate, co-head of corporate banking at Citi. He…
Read MoreHuawei’s New Mate 70 phone shows its chip advances are stalling
HUAWEI Technologies’ latest flagship smartphone is powered by a chip little different from the one that set off alarm bells in Washington a year ago, signalling a slowdown in the Chinese company’s tech advances. The newly introduced Mate 70 Pro Plus phone runs on a processor built with the same seven-nanometre technology used in its…
Read MoreChinese authorities are considering a weaker yuan as Trump trade risks loom: sources
CHINA’S top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher US trade tariffs as Donald Trump returns to the White House. The contemplated move reflects China’s recognition that it needs bigger economic stimulus to combat Trump’s threats of punitive trade measures, people with knowledge of the…
Read MoreBank of England set to stay in central bank slow lane and keep rates on hold
THE Bank of England (BOE) looks set to keep interest rates on hold next week as it moves more slowly to cut borrowing costs than central banks in Europe and the United States. The BOE remains on alert about price pressures in Britain’s jobs market that have subsided more clearly elsewhere. The new government’s tax…
Read MoreAAA Membership Cost: Worth It?
If you’re considering a AAA membership, it’s important to understand the costs and benefits involved. The AAA membership, often referred to as “Triple A,” provides various services, including roadside assistance, travel discounts, and more. In this article, we will explore the membership costs, what you get in return, and whether it’s worth the investment for…
Read MoreMaybank downgrades rating on Malaysia property to ‘neutral’ on JS-SEZ delay, lack of new drivers
MAYBANK Securities lowered its call on Malaysian property developers to “neutral” from “positive” for next year, given the absence of new factors and the delay in details about the Johor-Singapore Special Economic Zone (JS-SEZ). “Looking ahead, sector themes are expected to remain focused on Johor, data centre developments and corporate exercises,” Maybank analyst Wong Wei…
Read MoreClub Med owner shares jump 83% after Hong Kong take-private offer
FOSUN Tourism Group shares saw their biggest jump on record in Hong Kong, after the owner of luxury resort chain Club Med offered to buy back shares from minority holders as it seeks to boost growth as a private company. Share prices surged as much as 83 per cent after Fosun Tourism resumed trading on…
Read MoreGold hits two-week high with spotlight on US inflation data
GOLD prices nudged higher to touch a two-week peak on Wednesday (Dec 11), supported by escalating geopolitical tensions and expectations of another rate cut by the Federal Reserve next week, ahead of a closely watched US inflation report. Spot gold was up 0.1 per cent at US$2,696.82 per ounce, as at 0023 GMT. US gold…
Read MoreUS Steel drops as Biden plans to block sale to Nippon Steel
PRESIDENT Joe Biden plans to formally block the US$14.1 billion sale of United States Steel to Nippon Steel on national security grounds once the deal is referred back to him later this month, sources familiar with the matter said. The Committee on Foreign Investment in the United States (CFIUS) panel, which has been reviewing the…
Read MoreUBS reorganises US wealth management unit in growth push
UBS Group made organisational changes to its wealth-management unit in the US as it seeks to lift profitability in a market that’s central for its growth plans. The structure of wealth advisers in the US will move from two divisions to four regional units, as well as a team for international clients and an advice…
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