Posts by Mark Darwin
UOB payment services restored after intermittent issues on Monday
UOB credit and debit card payment services have been fully restored after facing intermittent issues in the morning, said the lender in a Facebook post on Monday (Nov 18). “We apologise for any inconvenience caused and we thank our customers for their patience,” it added. The update came about an hour after the bank reported…
Read MoreSingapore shares open flat on Monday
SINGAPORE stocks began Monday (Nov 18) trading in negative territory as markets abroad experienced losses over the weekend. As at 9.01 am, the Straits Times Index (STI) inched down 0.15 point at 3,744.55. Across the broader market, losers equalled gainers at 54 after 23.2 million securities worth S$34.1 million changed hands. Marine aquaculture specialist Oceanus…
Read MoreFrasers Property to redevelop Robertson Walk assets with Sekisui House
The 999-year leasehold site is envisioned to feature ‘a luxury 348-unit residential enclave with an exciting mix of dining and entertainment options’ FRASERS Property’s apartment hotel Fraser Place Robertson Walk and its adjoining commercial area, Robertson Walk, will be redeveloped into a mixed-use project with 348 residential units. On Monday (Nov 18), Frasers Property said…
Read MoreTiming of DBS share buyback announcement and its CEO’s share sales was not a good look
One solution is to prohibit share sales by top executives during share buybacks; another is to disclose valuations at which buybacks would make sense SOME investors may have had mixed feelings about DBS chief executive Piyush Gupta selling 300,000 shares earlier this month, right after the banking group reported strong financial results for Q3 2024…
Read MoreData 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,…
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