Posts by Mark Darwin
SIA to codeshare more flights with Air India for enhanced travel options
They will add 11 Indian cities and 40 international destinations to their codeshare network SINGAPORE Airlines (SIA) and Air India will expand their codesharing partnership to offer customers more travel options between Singapore and India and other destinations. SIA and Air India said in a joint media statement on Wednesday (Oct 23) that they will…
Read MoreKeppel Infrastructure Trust’s 9-month distributable income falls 60.1%
KEPPEL Infrastructure Trust (KIT) saw its distributable income year on year tumble 60.1 per cent to S$106.1 million for the first nine months of 2024 from S$266.1 million. The fall in distributable income in the latest nine-month period was notably in the absence of a special distribution of S$131.2 million that was recorded in the…
Read MoreGlobal uncertainties push safe-haven gold to record high
GOLD prices surged to a record high on Wednesday (Oct 23) as the conflicts in the Middle East and uncertainty surrounding the upcoming US election spurred demand for safe-haven assets. Spot gold was little changed at US$2,746.25 per ounce, as at 23:45 GMT, after hitting its highest level at 2749.07 earlier in the session. US…
Read MoreSingapore shares open higher on Wednesday; STI up 0.2%
SINGAPORE shares began Wednesday (Oct 23) trading in positive territory as overseas markets saw mixed results overnight. As at 9.01 am, the Straits Times Index (STI) was up 0.2 per cent or 5.71 points at 3,593.12. Across the broader market, gainers outnumbered losers 67 to 41 after 22.2 million securities worth S$33.8 million changed hands. …
Read MoreParkway Life Reit’s private placement closes at S$3.80 apiece
PARKWAY Life Real Estate Investment Trust’s (Parkway Life Reit) private placement to fund its acquisition of 11 nursing homes in France has closed at the issue price of S$3.80 per new unit. This represents the lowest end of the estimated issue price range of between S$3.80 and S$3.88 per new unit when the acquisition was…
Read MoreAir taxis take one step closer to reality with FAA rules
US AVIATION regulators released final safety rules for the nascent air taxi industry on Tuesday (Oct 22), crossing a key milestone for companies such as Joby Aviation and Archer Aviation to eventually begin commercial operations. The new rules lay out requirements for pilot training, as well as aircraft operations. Air taxi companies have been waiting…
Read MoreTexas Instruments forecasts fourth-quarter below estimates on weak chip demand in industrial markets
TEXAS Instruments (TI) forecast fourth-quarter revenue and profit below estimates on Tuesday (Oct 22) as the chipmaker navigates a buildup of inventory in some segments such as industrial, even as it indicated improving demand from China’s automotive market. The company forecast revenue in the range of US$3.7 billion to US$4 billion, compared with analysts’ average…
Read MoreTSMC told US of chip in Huawei device after TechInsights finding: source
TAIWAN Semiconductor Manufacturing Company (TSMC) notified the US a couple of weeks ago that one of its chips had been found in a Huawei device after a teardown by the tech research firm TechInsights, according to a person familiar with the matter. TechInsights informed TSMC about the chip in advance of publishing its findings in…
Read MoreOUE unit to issue S$50 million in fixed-rate green notes due 2029 at 4%
AN OUE subsidiary, OUE Treasury, has proposed to issue S$50 million in green notes due 2029 at a fixed rate of 4 per cent per annum, the property player said on Tuesday (Oct 22). The green notes are part of OUE’s S$3 billion multicurrency debt issuance programme, established in 2016. This issuance will be consolidated…
Read MoreBlackRock taps into AI frenzy with two new ETFs
ASSET management giant BlackRock on Tuesday (Oct 22) launched two new exchange-traded funds (ETFs) aimed at giving investors exposure to the booming market for artificial intelligence. Generative AI, designed to create human-like interactions by processing vast amounts of data, has taken the world by storm and is expected to be integrated into virtually all industries…
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