Posts by Mark Darwin
Singapore shares open higher on Thursday; STI up 0.6%
SINGAPORE shares began Thursday (Sep 12) trading in positive territory, mirroring overnight gains in global markets. As at 9.01 am, the Straits Times Index (STI) advanced 0.6 per cent or 22.42 points to 3,553.59. Across the broader market, gainers outnumbered losers 82 to 25 after 55.7 million securities worth S$118.8 million changed hands. Offshore oil-and-gas…
Read MoreStocks to watch: Sabana Reit, Dyna-Mac, Food Empire, Don Agro International
THE following companies saw new developments that may affect trading of their securities on Thursday (Sep 12): Sabana Industrial Real Estate Investment Trust (Sabana Reit): The Reit’s manager said on Wednesday that the former master tenant of the Reit’s premises at 33 and 35 Penjuru Lane has started the necessary process to enter into a…
Read MoreSmart cars at heightened risk of attack, IT security firm says
AUTOMAKERS should do more to increase the safety of vehicles whose software can be updated over the air, according to a cybersecurity expert, because current technology leaves cars vulnerable to being manipulated without an owner’s knowledge. In the connected cars of today, virtually all communication between a driver’s smartphone and their vehicle takes place over…
Read MoreEU consumer groups slam ‘manipulative’ video game spending tactics
EUROPEAN consumer groups on Thursday accused the world’s biggest video game companies of “purposefully tricking” consumers, including children, to push them to spend more. Video games are wildly popular in Europe where more than half the population are players, according to industry figures published last month. Europe’s BEUC umbrella consumer rights group on Thursday filed…
Read MoreReflecting the true cost of deliveries is good for investors
Investors will be better appraised of what they have bought into, and will be clearer on the value proposition of the platforms AT THE height of the food delivery wars, an acquaintance told me he would order chicken from one chicken rice stall and rice from another – for one person. Granted, this is an…
Read MoreNippon Steel makes last ditch effort to win US nod on US steel deal
There are fears the tie-up will threaten US national security by weakening the US steel supply chain A top Nippon Steel executive plans to meet with senior US officials on Wednesday (Sep 11) to try and salvage the firm’s US$14.9 billion bid for US Steel, a person familiar with the matter said. The meeting, which…
Read MoreUS: Wall St mixed at open as sticky inflation hampers bumper rate-cut bets
Wall Street’s main indexes were mixed at the open on Wednesday (Sep 11) as uncertainty about the Federal Reserve’s interest rate path increased following the latest inflation data. The Dow Jones Industrial Average fell 98.2 points, or 0.24 per cent, at the open to 40,638.76. The S&P 500 fell 0.9 point, or 0.02 per cent,…
Read MorePayments in Singapore with stablecoins rise to almost US$1 billion
Payments in Singapore using stablecoins reached a record high of almost US$1 billion in the second quarter, led by transactions at merchant outlets, according to a report from Chainalysis. Businesses use the tokens because of “efficiency and low cost,” Chainalysis Cybercrimes Research Lead Eric Jardine said. Stablecoin payments in Singapore amounted to about US$161 million…
Read MoreNXP Semiconductors to invest more than US$1 billion in India as it boosts R&D efforts
NXP Semiconductors will invest over US$1 billion in India, doubling its research and development efforts, the Dutch company’s CEO said on Wednesday (Sep 11), joining global names betting on a country looking to establish its presence in the industry. “NXP is committed to double its R&D efforts here in the country in the next few…
Read MoreUBS pledges US$400 billion in Swiss loans after Credit Suisse
“We are putting money where our mouth is,” says country head Sabine Keller-Busse UBS Group will continue to provide about US$414 billion of credit to its home market as a sign of the bank’s commitment to Switzerland, country head Sabine Keller-Busse said. “We are putting money where our mouth is,” she said on Wednesday (Sep…
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