Posts by Mark Darwin
Europe: Shares have worst day in a month as investors digest mixed US data
European shares fell for a fifth straight session on Friday (Sep 6) in their worst day since early August, after a widely anticipated US jobs report offered mixed signals on the size of a potential Federal Reserve rate cut later this month. The pan-European Stoxx 600 index fell 1 per cent. The index also snapped…
Read MoreUS dollar edges up after August US payrolls paints mixed picture
THE US dollar edged up in volatile trading on Friday (Sep 6) after data showed US employment grew less than expected in August, but indicated a steady slowdown in the labour market, likely supporting gradual interest rate cuts by the Federal Reserve. Nonfarm payrolls increased by 142,000 jobs last month after a downwardly revised 89,000…
Read MoreCordlife accepts MOH notice on licence change to resume cord-blood banking services
It will be allowed to collect, test, process and/or store no more than 30 units of new cord blood per month from Sep 15 to Jan 13, 2025 CORDLIFE has accepted a notice from the Ministry of Health (MOH) regarding changes to its cord-blood banking service licence, in a bid to resume its cord-blood banking…
Read MorePanasonic returns to US TV market after decade-long absence
The rise of smart homes and an expansion of Panasonic’s operations enabled the new initiative Panasonic Holdings, once the world’s biggest plasma-TV manufacturer, is starting to sell TVs in the US again. Three flat-panel models, featuring OLED and LED displays, developed and designed in Japan, are available via Amazon.com and Costco Wholesale. Following the Japanese…
Read MoreS-Reits continue positive momentum in August with a second consecutive month of gains
FOR the second month in a row, the iEdge S-Reit Index has posted positive gains, achieving a 6.7 per cent total return in August. This follows a 5.5 per cent total return in July, culminating in a 12.6 per cent increase in the first two months of H2 2024, and reversing the 11.4 per cent…
Read MoreGoogle abusing power over website ads, UK regulator says
BRITAIN’S antitrust regulator said on Friday (Sep 6) it had provisionally found Alphabet’s Google had abused its dominant position in digital advertising to restrict competition. The Competition and Markets Authority (CMA) said it believed Google was using anti-competitive practices in open display ad tech through the preference of its own ad exchange, which could be…
Read MoreIndia to extend sugar export ban to boost local supplies, ethanol output: sources
INDIA plans to extend a ban on sugar exports for the second straight year as the world’s biggest consumer of the sweetener grapples with the prospects of lower cane output, government sources said. New Delhi also plans to raise the price at which oil companies buy ethanol from sugar mills as part of efforts to…
Read MoreToyota cuts 2026 global EV output plans by a third
It now plans to build 1 million EVs in 2026, compared with earlier announced target of 1.5 million Japan’s Toyota Motor has slashed its electric vehicle production plans for 2026 by a third, the Nikkei business daily reported, becoming the latest automaker to roll back electric car plans as EV sales momentum wanes. The world’s…
Read MoreDBS names Calvin Ong as new Singapore consumer banking head
This comes after he spent eight years at the bank’s corporate treasury, where he eventually became deputy corporate treasurer DBS has appointed Calvin Ong as its new Singapore consumer banking head. He will succeed Jeremy Soo who will retire at the end of the year, the lender said on Friday (Sep 6). Ong will start…
Read MoreBoeing’s troubled Starliner spaceship to return to Earth sans crew
BOEING’S problem-plagued Starliner is set to finally depart the International Space Station (ISS) on Friday, returning to Earth without astronauts after Nasa deemed the risk too great. The century-old aerospace giant’s reputation has taken a hammering over thruster malfunctions and helium leaks its spaceship encountered on its way up to the orbital outpost in June,…
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