Posts by Mark Darwin
MAS 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.…
Read MoreWhere 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…
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