Posts by Mark Darwin
Singapore stocks open in the green; STI up 0.7%
SINGAPORE stocks opened higher Monday (Dec 2), following gains in Asia as markets enter a seasonally strong period. The benchmark Straits Times Index (STI) rose 27.04 points or 0.7 per cent to 3,766.33 as at 9.01 am. Advancers outnumbered decliners 85 to 23, as 48.8 million shares worth S$69.4 million changed hands. Thai Beverage (ThaiBev)…
Read MoreStocks to watch: SingPost, Nio, Boustead
THE following company saw new developments that may affect trading of its securities on Monday (Dec 2):
Read MoreBangladesh wants to renegotiate Adani power deal unless court cancels
BANGLADESH wants to sharply lower prices under a power purchase deal with India’s embattled Adani Group unless it is cancelled by a court, which has called for an investigation into the 25-year deal, its de facto energy minister said on Sunday (Dec 1). Adani Group founder Gautam Adani is already facing allegations by US authorities…
Read MoreNissan CFO set to step down as carmaker faces raft of challenges
NISSAN Motor chief financial officer Stephen Ma is set to step down from his position, sources with knowledge of the matter said, marking yet another executive change at a challenging time for the Japanese carmaker. It’s not clear whether Ma may be demoted or leave the company, said one source, asking not to be identified…
Read MoreJeep and Fiat maker Stellantis’ CEO quits early over strategy dispute
STELLANTIS chief executive officer Carlos Tavares, known for his cost-cutting drive, stepped down from the automaker following a dispute with the board over how to arrest weakening sales and a stock slump. Tavares will hand over leadership of the maker of Jeep SUVs and Fiat cars to an interim committee headed by chairman John Elkann,…
Read MoreMAS is right to resist push for even looser leverage requirements for Singapore Reits
A more liberal regulatory stance towards these trusts – including the ones that are here just for the external manager model – may be a recipe for trouble SOME respondents to the recent public consultation on amendments to the leverage requirements for real estate investment trusts (Reits) had a rather audacious request. They wanted volatility…
Read MoreYen hits 6-week high after faster-than-expected inflation support bets for a Dec BOJ rate hike
THE Japanese yen jumped to a six-week high against the dollar on Friday (Nov 29) after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike in December. Tokyo’s core consumer price index, which excludes volatile fresh food costs, rose 2.2 per cent year on year in November from a year…
Read MoreElon Musk asks US court to block OpenAi’s for-profit conversion
Elon Musk has again asked a US court to stop ChatGPT-maker OpenAI from converting into a for-profit enterprise, CNBC reported on Saturday (Nov 30). Attorneys representing the billionaire and his AI startup, xAI, filed the injunction on Friday, the financial news site reported. The injunction also requests that OpenAI be stopped from allegedly barring its…
Read MoreRush to ‘value up’ may be Asia stocks’ best defence against Trump
A JAPAN-inspired strategy of seeking to boost shareholder returns, corporate governance and market valuations is spreading like a wildfire across Asia. From Seoul to New Delhi, governments and regulators are hurrying to implement their own versions of Japan’s decade-long program of structural reforms that helped drive its benchmark index to a record high this year.…
Read MoreRush to ‘value up’ may be Asia stocks’ best defence against Trump
A JAPAN-inspired strategy of seeking to boost shareholder returns, corporate governance and market valuations is spreading like a wildfire across Asia. From Seoul to New Delhi, governments and regulators are hurrying to implement their own versions of Japan’s decade-long program of structural reforms that helped drive its benchmark index to a record high this year.…
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