Posts by Mark Darwin
Nvidia says it has ‘not been subpoenaed’ by the DOJ in probe
NVIDIA, responding to a Bloomberg News report about the US Department of Justice (DOJ) sending out subpoenas as part of an antitrust probe, said it has been in contact with the government agency but has not been subpoenaed. The DOJ often sends requests for information in the form of what’s known as a civil investigative…
Read MoreEurope: Technology stocks lead shares lower as growth worries weigh
EUROPE’S main share indices fell to a two-week low on Wednesday, with technology stocks leading declines as concerns of an imminent slowdown in the United States and weakness in the Chinese economy rattled global markets. The pan-European Stoxx 600 index fell 1 per cent, with all major regional markets down between 0.5 per cent and 1…
Read MoreVolvo Cars scraps 2030 goal to be fully electric
Volvo Cars said on Wednesday (Sep 4) it would not meet its 2030 goal to be fully electric due to a lack of infrastructure to support EVs, scaling back its target to between 90 and 100 per cent. The company cited “a slower-than-expected rollout of charging infrastructure, withdrawal of government incentives in some markets and…
Read MoreGerman car sales plunge in August as EV slump worsens
Sales of new cars plummeted in Germany in August, official data showed on Wednesday (Sep 4), dragged down by a record fall in demand for electric vehicles in Europe’s biggest auto market. A total of 197,322 new cars were registered in Germany last month, the KBA federal transport authority said, a 27.8-per cent drop from…
Read MoreIHH Healthcare to fully acquire Penang private hospital for RM3.9 billion
IHH Healthcare’s indirect wholly-owned subsidiary Pantai is proposing to fully acquire Island Hospital in Penang, Malaysia, for RM3.9 billion (S$1.17 billion) in cash, the group announced on Wednesday (Sep 4). The deal entails Pantai fully acquiring the full equity interest in the hospital, comprising 20 million shares. The proposed acquisition will be funded through the…
Read MoreIHH Healthcare to fully acquire Penang private hospital for RM3.9 billion, expects it to be EPS accretive in 2026
IHH says Island Hospital will add 600 beds and yield potential synergies, given that it will be running 3 hospitals on the island INTEGRATED healthcare provider IHH Healthcare’s indirect wholly-owned subsidiary Pantai is proposing to fully acquire Island Hospital in Penang, Malaysia, for RM3.9 billion (S$1.17 billion) in cash, the group announced on Wednesday (Sep…
Read MoreUK banks brace for possible tax hikes as Budget nears, sources say
UK-based banks are stepping up lobbying efforts against possible tax hikes in the government’s inaugural Budget on Oct 30, amid mounting worries it may tap the cash-rich sector to boost Britain’s finances, senior industry sources told Reuters. Chancellor of the Exchequer Rachel Reeves is due to meet senior representatives of the banking sector in the…
Read MoreGermany to target sale of 5% in Commerzbank
Berlin currently owns about 16.5% in Commerzbank, worth roughly 2.5 billion euros The German government plans to sell as much as 5 per cent in Commerzbank in a first step as it seizes on a recent share rally to initiate an exit from the lender it rescued over a decade ago. The state is initially…
Read MoreCapitaLand Investment to double investments in India by 2028
CAPITALAND Investment (CLI) aims to more than double its funds under management (FUM) in India in the next four years, as the global real asset manager remains optimistic on the country’s economic growth. On Wednesday (Sep 4), CLI said the increase would contribute to the group’s global target of achieving S$200 billion in FUM by…
Read MoreThai rate panel backs Bank of Thailand on inflation as government eyes reset
THAILAND’S central bank is right in persisting with an inflation target range of 1 to 3 per cent, according to its rate panel, a stance likely to ratchet up the tension with a government keen on a higher band to create room for monetary easing. The current target has effectively anchored medium-term inflation expectations and…
Read More