Posts by Mark Darwin
Jeweller Pandora’s shares sink as warns soaring silver could dent margins
PANDORA said on Wednesday (Nov 6) that higher silver and gold prices could hit its 2026 operating profit margin target, sending the Danish company’s shares as much as 7 per cent lower. Best known for its charm bracelets, with prices ranging from US$60 to more than US$2,000, has been a rare bright spot among retailers…
Read MoreSTI climbs on news of imminent Trump win in US election
THE Straits Times Index (STI) inched up on Wednesday (Nov 6), as regional indices posted mixed results. The STI was up 0.6 per cent or 21.38 points at 3,602.99. Across the broader market, decliners outnumbered advancers 300 to 257 after 1.6 billion shares worth S$1.5 billion changed hands. On the STI top gainer was ST…
Read MoreSIA Engineering to derive more contributions from its operating business
It is riding on robust demand for MRO services amid supply chain constraints and deferred plane deliveries AVIATION maintenance, repair and overhaul (MRO) services provider SIA Engineering (SIAEC) will lean more on its operating business in the next two to three years as it scales up processes, said its chief executive Chin Yau Seng. At…
Read MoreWith Trump leading in polls, analysts warn of hit to tech, manufacturing stocks
Trade tensions between the US and China are likely to affect the Singapore equity market, they say WITH former United States president Donald Trump taking the early lead in the hotly contested presidential elections, analysts warn of technology and manufacturing stocks in Asia taking a hit under a possible Trump presidency. Singapore and regional markets…
Read MoreTech, manufacturing and China-linked stocks on the line as Asia braces for Trump 2.0
Trade tensions between the US and China are likely to affect the Singapore equity market, say analysts even as US markets set to soar ASIAN and Singapore stocks in the tech and manufacturing sector, as well as those with exposure to China, look set to take a hit in the short term as Asia contends…
Read MoreGermany’s Deutsche Bank pumps 51.1 billion rupees into India operations
GERMANY-BASED Deutsche Bank said on Wednesday (Oct 6) that it had infused 51.1 billion rupees (S$807 million) into its Indian operations to fund growth plans. These funds, along with retained earnings and other statutory components, increase the capital at Deutsche Bank India branches to nearly 300 billion rupees, a 33 per cent increase over 2023…
Read MoreBank Indonesia ready to stabilise rupiah as Trump leads
BANK Indonesia (BI) said it stands ready to act to steady the rupiah from excessive volatility as Donald Trump’s early lead in the US presidential race spurs US dollar strength. “BI will always monitor the exchange rate movement of the rupiah and other currencies, and will certainly make various efforts to stabilise the exchange rate…
Read MoreNintendo’s next console will play current Switch games
NINTENDO said its next console will be compatible with current Switch games, allaying fears about the company’s ability to ride on the ageing machine’s past success. Backwards compatibility in the next-generation console is a key consideration for players trying to decide on further purchases of content in the waning months of the Switch. Nintendo’s next…
Read MoreAramco cuts oil prices to Asia for December after Opec+ delay
SAUDI Arabia lowered oil prices for buyers in Asia for December after members of the Opec+, which includes the Organization of the Petroleum Exporting Countries plus Russia and other allies, producers group said they will push back production increases by one month. State-run producer Saudi Aramco will sell its flagship Arab Light crude grade at…
Read MoreHSBC already fears new downsized London HQ will prove too small
HSBC Holdings is still two years away from a planned move to a smaller City of London headquarters, but executives are already concerned the space will not be big enough and are considering taking up more even before relocating. The bank is weighing whether it will need to lease additional space beyond the 570,000 square…
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