Posts by Mark Darwin
Robinhood plans to give traders access to futures, index options
ROBINHOOD Markets is broadening its offerings to futures trading and index options as the retail brokerage aims to attract more sophisticated investors to its platform. The futures contracts investors will be able to trade include stock indexes, currencies, metals and energy including natural gas and crude oil, with an access commission of 50 US cents…
Read MoreChina’s wild stock market swings hurt a US$21 trillion bull case
CHINA’S 200 million-strong army of retail investors was supposed to help the market turn a corner. Instead, it has become a source of weakness. The country’s US$9.7 trillion stock market experienced a rapid boom and bust starting in late September, when central bank stimulus pushed the benchmark CSI 300 Index 25 per cent higher in…
Read MoreBlackRock in talks with Ambani for India private-credit venture
BLACKROCK, the world’s largest asset manager, is in talks with billionaire Mukesh Ambani’s Jio Financial Services to set up a private-credit venture, aiming to tap the expanding direct lending opportunities in India, sources said. The 50:50 joint venture will lend to businesses ranging from large companies to startups, they added, asking not to be identified…
Read MoreParkway Life Reit posts 2.8% higher Q3 DPU of S$0.1130
PARKWAY Life Reit on Wednesday (Oct 16) reported a 2.8 per cent rise in distribution per unit (DPU) to S$0.1130 for the third quarter of 2024, up from S$0.1099 in the year-ago period. The increase came despite a 2.1 per cent year-on-year decline in net property income (NPI) to S$102.4 million, which was primarily due…
Read MoreKKR to launch sale of Goodpack in deal estimated at US$1.8 billion: sources
KKR is set to launch the sale of Singapore-based Goodpack in a deal that could value the provider of shipping containers and logistics services at around US$1.8 billion, people with knowledge of the matter said. The private equity giant has hired Deutsche Bank and Rippledot to advise on the sale and a formal process will…
Read MoreGlobal fund managers pare India allocation in favour of China: BofA survey
GLOBAL fund managers increased their allocation to China at India’s expense after Asia’s largest economy unleashed a stimulus package, according to a survey conducted by BofA Securities. Last Saturday, China pledged to significantly increase debt to revive its sputtering economy. China’s central bank in September announced the most aggressive monetary support measures since the pandemic. …
Read MoreBill Hwang’s sentencing in Archegos case postponed to November
ARCHEGOS Capital Management founder Bill Hwang’s sentencing on fraud charges was postponed from the end of the month to Nov 20. Hwang and former Archegos chief financial officer Patrick Halligan were originally scheduled to be sentenced by US District Judge Alvin Hellerstein on Oct 28, but their lawyers asked for more time to prepare submissions. …
Read MoreASML cuts forecasts in Q3 earnings published early; shares fall
COMPUTER chip equipment maker ASML reported on Tuesday (Oct 15) third-quarter earnings that surprised markets with weak bookings and lower than expected sales forecasts for 2025, sending the company’s shares to their biggest one-day drop since 1998. The company said that despite a boom in AI-related chips, other parts of the semiconductor market remained weak…
Read MoreFood Innovators’ IPO fully subscribed, public offer 6.3 times subscribed
In total, the private placement and public tranches have a subscription rate of 1.4 times. THE initial public offering of Japanese food and beverage (F&B) operator Food Innovators Holdings (FIH) closed with 14 million of its new shares fully subscribed at S$0.22 apiece. FIH said on Tuesday (Oct 15) that there were 264 valid applications…
Read MoreStraits Trading Company sets up S$55 million multicurrency debt issuance programme
THE Straits Trading Company (STX) on Tuesday (Oct 15) announced a new S$55 million multicurrency debt issuance programme, to issue digital securities. Such digital securities will be issued and/or listed by the company on the digital platforms operated by Singapore’s Digital Asset Exchange (SDAX). Under the programme, the conglomerate-investment company said that it may, at…
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