Posts by Mark Darwin
Popular Aussie-Kiwi cross to test year’s high on policy outlook
INVESTORS see the Australian dollar testing this year’s high against its New Zealand counterpart as policymakers diverge on the interest-rate outlook. The currency pair closed at 1.1049 last week, and Westpac Banking forecasts that it will reach 1.1150 by the end of December, near this year’s peak of 1.1152. National Australia Bank (NAB) said it…
Read MoreUnited Hampshire US Reit eyes ‘opportunistic divestments’, accretive acquisitions in growth plans
The CEO of the trust’s manager of the Reit is confident of reaching the target of US$1 billion in assets under management by 2026 SINCE it listed on the Singapore Exchange four years ago, retail-focused United Hampshire US Real Estate Investment Trust (Reit) has seen its assets under management (AUM) jump 30 per cent, from…
Read MoreStimulus matters more than US election for Chinese stocks
Investors inured to years of Sino-American trade spat seem willing to brave the risk of even higher tariffs following the US presidential election, and are favouring Chinese assets on bets for more stimulus. Whether it be Donald Trump or Kamala Harris as the new US leader, global money managers expect escalated hostility towards China. But…
Read MoreSembcorp director participates in well-subscribed EMTN offering
INSTITUTIONS were net sellers of Singapore stocks over the five trading sessions spanning Oct 18 to 24, with S$158 million of net institutional outflow, a similar pace to the preceding five sessions of S$144 million of net outflow. Stocks that led the net institutional outflow were DBS, CapitaLand Integrated Commercial Trust, CapitaLand Ascendas Reit, Genting…
Read MoreSwiss International University Announces Accreditation from ECLBS Europe, a Member of CHEA USA and INQAAHE
SIU proudly declared that it had been accredited by the European Council for Leading Business Schools, which is a very prestigious body, being a member of the Council for Higher Education Accreditation of the United States as well as the International Network for Quality Assurance Agencies in Higher Education. It must show that the university…
Read MoreCelebrity chef Paik Jong-won poised for US$180 million windfall on IPO
A chef made famous by a hit Netflix show is poised to boost South Korea’s struggling initial public offering (IPO) market, listing his restaurant chain in a deal that may value his stake at about US$180 million. Investment bankers in the nation are hoping the share sale this week by a restaurant franchise chain founded…
Read MoreDelta Air Lines sues CrowdStrike over software update that prompted mass flight disruptions
Delta Air Lines’ lawsuit filed in Fulton County Superior Court called the faulty software update from CrowdStrike “catastrophic” and said the firm “forced untested and faulty updates to its customers, causing more than 8.5 million Microsoft Windows-based computers around the world to crash.” The Jul 19 incident led to worldwide flight cancellations and hit industries…
Read MoreEurope: Shares muted on auto pressure, set for weekly loss
Europe’s main stock index swung between losses and gains on Friday (Oct 25), and was set for a weekly fall, with a handful of weak corporate earnings from auto-related companies such as Mercedes-Benz and Valeo and appliances-maker Electrolux denting investor sentiment. The pan-European Stoxx 600 closed 0.2 per cent lower at 518.81, on track for…
Read MoreChinese self-driving car company WeRide notches US$4.21 billion valuation in US IPO
SELF-DRIVING car company WeRide notched a valuation of about US$4.2 billion, after raising US$120 million in its US initial public offering (IPO) on Friday (Oct 25), becoming the latest Chinese company to capitalise on easing regulatory hurdles to list in New York. The company sold 7.7 million American depositary shares (ADS) in the offering at…
Read MoreHot stock: Sats surges to over 2-year high amid heavy trading
SHARES of in-flight caterer and ground handler Sats advanced amid a steady surge in trading volumes in the morning trading session on Friday (Oct 25). As at 9.33 am, the counter had jumped 9.1 per cent or S$0.34 to S$4.08, with some 8.1 million shares having changed hands. The last time its share price traded…
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