Posts by Mark Darwin
Data centre Reits could come knocking on SGX’s doors as conditions turn favourable
Rising enthusiasm for AI, availability of cheaper financing due to lower interest rates among reasons cited by analysts THE data centre race is heating up, driven by rising interest in artificial intelligence (AI). And Singapore’s equity market could be a beneficiary, as operators look to the city-state as an enticing potential location to securitise their…
Read MoreNew Nvidia AI chips face issue with overheating servers, The Information reports
Nvidia’s new Blackwell AI chips, which have already faced delays, have encountered problems with accompanying servers that overheat, causing some customers to worry they will not have enough time to get new data centres up and running, The Information reported on Sunday (Nov 17). The Blackwell graphics processing units overheat when connected together in the…
Read MoreS-Reits remain active in acquisitions and divestments as managers eye growth
SINGAPORE-LISTED real estate investment trusts (S-Reits) have been active in their portfolio management activities in the fourth quarter to date, as managers look to optimise assets and capture growth. As at Friday (Nov 15), S-Reits have announced 10 transactions – comprising five acquisitions and five divestments – for the quarter to date. On Friday, the…
Read MoreChina suspends popular trading platform Hithink RoyalFlush from adding new clients
CHINA’S market watchdog ordered Hithink RoyalFlush Information Network to suspend its investment advisory service unit from adding new clients for three months as its live streaming business failed to comply with the securities rules. The Hangzhou-based financial data and software company, which also enables stock trading in China, was being penalized partly because some influencers…
Read MoreUS: Wall Street drops at the open after Powell dents rate-cut hopes
WALL Street’s main indexes opened lower on Friday (Nov 15), after Federal Reserve chair Jerome Powell said there was no need to rush interest-rate cuts, pushing up bond yields and pressuring rate-sensitive equities. The Dow Jones Industrial Average fell 162.9 points, or 0.37 per cent, at the open to 43,587.93. The S&P 500 fell…
Read MoreChina’s Alibaba misses quarterly revenue estimates, beats on profit
ALIBABA Group Holding missed analysts’ estimates for quarterly sales on Friday (Nov 15), as lingering economic uncertainty sapped consumer spending in China and weighed on the e-commerce giant’s domestic business. Its US-listed shares were up 3.3 per cent in pre-market trading, however, as it reported an adjusted profit of 15.06 yuan per American Depository Share,…
Read MoreCSE Global reports higher revenue for Q3 2024, but order intake falls
The electrification segment has fallen the most, due to the absence of several major projects secured CSE Global reported a 15.4 per cent increase in Q3 2024 revenue to S$213.9 million from S$185.4 million in Q3 2023. The increase was due to higher revenue contributions from all business segments, said the systems integrator in an…
Read MoreSIA Group passenger traffic rises 7.4% in October
Cargo loads are up by 20.2 per cent, while cargo capacity expanded by 14.3 per cent SINGAPORE Airlines (SIA) Group reported a 7.4 per cent year-on-year increase in passenger traffic to 12.9 billion for October 2024, in its latest operating update released on Friday (Nov 15). The national carrier and its low-cost arm Scoot flew…
Read MorePeter Viens, new CEO of IReit Global’s manager, aims to diversify assets to attract institutional investors
The trust’s DPU is expected to drop as its Berlin property undergoes repositioning PETER Viens, the new chief executive officer of the manager of IReit Global, plans to diversify the trust’s assets – which he considers “too small” and lacking visibility – to attract institutional investors. The manager of the Europe-focused real estate investment trust…
Read MoreMusk escalates Altman legal feud, casts OpenAI as monopolist
ELON Musk is ramping up his feud with Sam Altman, alleging in a court filing that OpenAI is trying to corner the market for generative artificial intelligence (AI) and sacrificing safety in a race to get ahead. In a revised version of a lawsuit he filed in August, Musk highlighted antitrust concerns about OpenAI’s journey…
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