Posts by Mark Darwin
ExxonMobil considering sale of Singapore petrol stations for US$1 billion: sources
THE largest bloc of petrol stations in Singapore may soon hit the market. US energy major ExxonMobil – which is believed to have 59 petrol stations under the Esso brand in Singapore – is said to be considering a sale of these assets. The second-biggest player is Shell Singapore, which has 57 stations across the island. …
Read MoreNvidia to support AI development in Thailand
US CHIP giant Nvidia said on Tuesday (Dec 3) it would work with the Thai government to develop “world-class AI infrastructure” in the kingdom. CEO and founder of the leading semiconductor design business Jensen Huang met with Thai Prime Minister Paetongtarn Shinawatra while on a visit to Bangkok, and the two agreed to deepen cooperation…
Read MoreBrokers’ take: CGS International downgrades IHH to ‘hold’, DBS maintains ‘buy’ call
ANALYSTS are split on IHH Healthcare following relatively flat third quarter earnings and the company’s forecast for its Mount Elizabeth Hospital upgrades to finish ahead of schedule. The private healthcare provider’s RM534 million (S$161.5 million) net profit for Q3 ended Sep 30 posted on Thursday (Nov 28) was nearly on par with its RM532 million…
Read MoreChina bans germanium, gallium exports to US in tit-for-tat move
CHINA announced an outright ban on several materials crucial to chip-making from being exported to the US citing concerns over military usage, in a tit-for-tat move after President Joe Biden’s government escalated technology curbs on Beijing. Gallium, germanium, antimony and superhard materials are no longer allowed to be exported to America as an overall principle,…
Read MoreWalmart Hidden Clearance: Shopping Hacks
Walmart is known for its low prices, but did you know that there are even more ways to save? Many shoppers are unaware of Walmart’s hidden clearance deals, which can help you find amazing discounts on a variety of products. In this article, we’ll explore what hidden clearance is, how to find it, and share…
Read MoreA*Star, thermal management company KoolLogix unveil joint lab to develop data centre cooling solutions
It will focus on developing and testing heat removal technologies for data centres that are driven by artificial intelligence and graphic processing units THE Agency for Science, Technology and Research (A*Star) and data centre thermal management company KoolLogix on Tuesday (Dec 3) launched a joint lab to develop cooling solutions for data centres. The joint…
Read MoreChina lifts final trade restrictions on Australian meat processors
CHINA has lifted trade restrictions on two Australian meat processing facilities, allowing the full resumption of red meat exports to the country, the Australian government said on Tuesday (Dec 3). Beijing has now removed restrictions from all 10 Australian abattoirs it banned between 2020 and 2022. The bans were imposed around the time that China…
Read MoreMicroStrategy is halfway through share sales to buy Bitcoin
JUST over a month after announcing plans to raise US$21 billion through stock sales to help fund additional purchases of Bitcoin, MicroStrategy is already almost halfway to its goal. The company sold 3.7 million shares over the past week and used the proceeds to buy another US$1.5 billion worth of Bitcoin, the fourth consecutive weekly…
Read MoreGold edges higher as US rate-cut bets support bullion
GOLD prices edged higher on Tuesday (Dec 3), supported by growing expectations of a US interest rate cut this month, as focus shifted to upcoming economic data for additional insights. Spot gold was up 0.1 per cent at US$2,642.42 per ounce, as at 0103 GMT, after falling as much as 1 per cent on Monday.…
Read MoreDBS hires private bankers for rich Russians as rivals balk
DBS Group Holdings has beefed up its wealth management team to cater to rich Russians at a time when many global rivals are staying away from the business amid concerns over widening sanction risks. Singapore’s biggest lender hired two people in recent months, expanding the number of Russian-speaking private bankers in the city-state to at…
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