Posts by Mark Darwin
Sabana Reit’s EGM to vote on proposed internal manager directors to be postponed: trustee
THE trustee of Sabana Industrial Real Estate Investment Trust (Sabana Reit) has asked to postpone the trust’s extraordinary general meeting (EGM) to vote on the proposed internal manager directors. This came weeks after it asked the requisitionists to amend their resolutions and obtain approval from the Monetary Authority of Singapore (MAS) on the proposed candidates.…
Read MoreWorld braces for Fed easing amid 36-hour rate rollercoaster
THE world economy’s tectonic plates will shift this week when a US easing cycle begins, just as officials from Europe to Asia set policy against a backdrop of brittle markets. A 36-hour monetary rollercoaster will start with the US Federal Reserve’s probable decision to cut interest rates on Wednesday (Sep 18), and finish on Friday…
Read MoreBMW took two years to find extent of defect behind recall
IT TOOK BMW more than two years to discover the extent of a braking system fault that is expected to cost the carmaker nearly one billion euros (S$1.4 billion) to fix. Customers and dealers began complaining to the German auto manufacturer about faulty brakes in June 2022, according to a recall document seen by Bloomberg…
Read MoreAustralia’s plan to scrap AT1 bonds unlikely to affect Singapore banks
SINGAPORE banks are unlikely to face any near-term impact from a proposal by Australia’s banking regulator to phase out the use of additional tier-1 (AT1) bonds, analysts said. The local banks will only be affected if Singapore’s regulators follow suit, but analysts said this is unlikely to happen given the nature of investors in Singapore…
Read MoreBaltic Exchange Shipping Insights
Capesize The Capesize market experienced a mixed week, beginning with positive sentiment but gradually facing increasing pressure. It was a slow start, although optimism remained as the BCI 5TC rose by $400 to $28,232, driven by limited but stronger Pacific fixtures. However, cargo volume and market momentum began to wane, particularly in the Pacific, leading…
Read MoreSmall markets steal limelight as global equities rally broadens
After being sidelined by investors for much of this year, some smaller equity markets are suddenly winning favour. The trend is particularly evident in Asia, where Thailand, Singapore and New Zealand rank as the top performers in September. Their benchmarks have risen at least 3 per cent each so far, even as MSCI’s gauge of…
Read MoreTemasek said to near stake purchase in Blackstone-owned VFS
Temasek Holdings is nearing a deal to buy a significant minority stake in VFS Global, according to people familiar with the matter, a transaction that could value the visa outsourcing and technology services firm at about US$7 billion including debt. The Singapore state-owned investor is poised to acquire about 20 per cent in closely held…
Read MoreTemasek said to be near stake purchase in Blackstone-owned VFS
Temasek Holdings is nearing a deal to buy a significant minority stake in VFS Global, according to people familiar with the matter, a transaction that could value the visa outsourcing and technology services firm at about US$7 billion including debt. The Singapore investment company is poised to acquire about 20 per cent in closely held…
Read MoreNet institutional inflows in Singapore stocks continue
INSTITUTIONS were net buyers of Singapore stocks over the five trading sessions spanning Sep 6 to 13, with S$523 million of net institutional inflow, following the S$328 million recorded during the preceding five sessions. The 10 sessions saw a reversal of close to two-thirds of the net institutional outflow in Singapore stocks in the 2024…
Read MoreYen advances to strongest level this year on Fed-cut wagers
The yen reached the highest level this year versus the dollar amid bets that Japanese monetary authorities will deliver further policy tightening this year, while markets braced for an expected interest-rate cut from the Federal Reserve next week. Japan’s currency gained for a fourth straight day on Friday (Sep 13), by as much as 1.1…
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