Posts by Mark Darwin
Amos Group extends offer closing date to Dec 12
OFFSHORE oil and gas equipment manufacturer Amos Group on Wednesday (Nov 20) extended the deadline for shareholders to accept the offer made by its controlling shareholder to 5.30 pm on Dec 12. This is its second and final extension of the closing date. The closing date was initially extended from Nov 7 to Nov 21,…
Read MoreOpenAI launches free AI training course for teachers
Trained on reams of data, generative AI can create brand-new humanlike content, helping users spin up term papers, complete science homework and even write entire novels OPENAI and non-profit partner Common Sense Media have launched a free training course for teachers aimed at demystifying artificial intelligence and prompt engineering, the organisations said on Wednesday (Nov…
Read MoreChinese EV maker Nio’s Q3 net loss widens to 5.1 billion yuan on lower vehicle sales
CHINESE electric vehicle (EV) maker Nio’s net loss widened to 5.1 billion yuan (S$945.5 million) for its third quarter ended Sep 30, 2024, from 4.6 billion yuan in the year-ago period. Nio is listed in the United states, Hong Kong and Singapore. The company’s loss per share stood at 2.50 yuan for the third quarter,…
Read MoreSingapore stocks fall amid mixed regional showing; STI drops 0.4%
Nikkei 225 ends 0.2% lower, while Kospi is up 0.4%; Bursa loses 0.3% and Hang Seng closes 0.2% higher SINGAPORE stocks closed lower on Wednesday (Nov 20), as investors awaited chipmaker Nvidia’s earnings report and grappled with concerns over escalating geopolitical tensions after Ukraine fired its first US missile to Russia. The Straits Times Index…
Read MoreADIA, GIC said nearing Pye-Barker Fire & Safety minority stake
The Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC are in advanced talks to acquire a minority stake in Pye-Barker Fire & Safety in a deal that would value the company at more than US$6 billion including debt, according to people with knowledge of the matter. The two sovereign wealth funds are discussing purchasing the…
Read MoreSingapore shares rise at Wednesday’s open; STI up 0.2%
SINGAPORE stocks began trading higher on Wednesday (Nov 20) morning following a mixed performance in world indices. As at 9.03 am, the Straits Times Index (STI) rose 6.14 points or 0.2 per cent to 3,764.11. Across the broader market, gainers outnumbered losers 81 to 30 after 108.8 million securities worth S$96.1 million changed hands. Mapletree…
Read MoreKeppel DC Reit’s upsized private placement closes at S$2.09 apiece; equity fundraising totals S$1.1 billion
KEPPEL DC Real Estate Investment Trust (Reit) closed its private placement at S$2.09 apiece with 334.9 million new units issued, said the manager on Wednesday (Nov 20). The private placement, which was 3.4 times subscribed, raised gross proceeds of about S$700 million after it was upsized. This brings the total size of the equity fundraising…
Read MoreHello Kitty’s looking pretty at 50 (and worth more than ever)
HELLO Kitty is famously the height of just five apples. But these days, the more striking statistic is that she’s worth more than 1 trillion yen — or S$8.7 billion. Stock in Japan’s Sanrio hit that milestone for the first time recently, just weeks before the company’s feline star turned 50. Kitty White was born on…
Read MoreBankers need to be curious to navigate the shifting energy landscape: DBS’ Kelvin Wong
Industry players are increasingly concerned about storage and grid capacities, says the lender’s head of energy, renewables and infrastructure HAVING grit and being curious about emerging trends in the world can help banks navigate the ever-changing energy landscape, said Kelvin Wong, DBS’ managing director and head of energy, renewables and infrastructure. Over the years, he…
Read MoreUS: Wall Street opens lower as Russia-Ukraine tensions escalate
Wall Street’s main indexes opened lower on Tuesday (Nov 19), as escalating tensions between Russia and Ukraine sent investors rushing to safe-haven assets. The Dow Jones Industrial Average fell 146.3 points, or 0.34 per cent, at the open to 43,243.27. The S&P 500 fell 23.6 points, or 0.40 per cent, at the open to 5,870.05,…
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