Posts by Mark Darwin
Where Does NFL Fine Money Go?
In the NFL, fines are a common part of the game, but many fans wonder what happens to that money. Understanding where NFL fine money goes can shed light on how the league supports various causes and initiatives beyond just punishing players. This article will explore the journey of fine money and how it benefits…
Read MoreUS: S&P 500, Dow close at record highs on tech, retail in focus
THE S&P 500 and Dow Jones Industrial Average notched record closing highs in a shortened Black Friday (Nov 29) session, lifted by technology stocks such as Nvidia, while retail was in focus as the holiday shopping season kicked off. Information technology stocks helped boost the benchmark S&P 500 and blue-chip Dow, which was also aided…
Read MoreDidi again records a profit while it prepares for Hong Kong IPO
DIDI Global posted its second straight quarterly profit, a boost for the Chinese ride-hailing leader as it contemplates a potential re-listing in Hong Kong. The company swung to a net income of 929 million yuan (S$172 million) for the September quarter, versus a year-ago loss. Revenue rose 5 per cent to 53.9 billion yuan, bolstered…
Read MoreJapanese banks sticking with Adani as Jefferies, Barclays review ties
JAPAN’S biggest banks plan to maintain ties to billionaire Gautam Adani despite US bribery charges, even as other global firms including Barclays are reassessing their exposure to the Indian conglomerate. Mizuho Financial Group expects the latest saga surrounding Adani will not have a long-lasting impact and intends to continue supporting the group, according to sources…
Read MoreIHH Q3 profit stays flat at RM534 million
IHH Healthcare on Thursday (Nov 28) posted a net profit of RM534 million (S$161.5 million) for its third quarter ended Sep 30, 2024, nearly on a par with RM532 million the year before. Earnings per share stood at 6.06 sen, relatively unchanged from 6.04 sen. Earnings held steady despite revenue for the quarter slipping 3…
Read MoreDr Martens slips into the red; says festive season off to a good start
It reported a pre-tax loss of £28.7 million for the six months ended Sept 29, compared with a profit of £25.8 million a year earlier Dr Martens said on Thursday (Nov 28) that the autumn-winter festive season had got off to an encouraging start after the struggling bootmaker swung to a first-half pre-tax loss on…
Read MoreAustralia shares hit record high again on boost from banks
Australian shares hit a record high on Thursday (Nov 28), helped by a sustained rally in the heavyweight banking stocks, despite concerns over valuation and the impact of high interest rates. The S&P/ASX 200 index hit an all-time high of 8,477.10 earlier, its third this month and second this week. It ended the day with…
Read MoreToyota’s sales, output plateau as slump persists in Japan, China
TOYOTA Motor’s sales and production plateaued last month, buoyed by a slight rebound abroad after a prolonged slump in Japan. Global sales, including that of subsidiaries Daihatsu Motor and Hino Motors, rose 0.4 per cent in October compared with last year to 974,245 units – the first uptick in three months and a record for…
Read MoreMizuho weighs new push to target private equity boom in India
MIZUHO Financial Group is considering making a push into a new area for the lender in India focusing on private equity and venture capital firms, seeking to tap some of the most prolific dealmakers in the country. Japan’s third-largest bank has held internal discussions on targeting this segment and is drawing up the potential talent…
Read MoreAmazon says it injected S$2 billion into its Singapore businesses in 2023
AMAZON on Thursday (Nov 28) announced that it injected more than S$2 billion into its retail and cloud businesses in Singapore in 2023. The outlay comprised capital expenditure, including improvements to existing infrastructure such as fulfilment centres, delivery stations and data centres. It also covered operating expenditure, such as expenses related to technology, safety, the…
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