Posts by Mark Darwin
Clear pathways to growth and prosperity in Asia amid global uncertainty: OCBC’s Tan Teck Long
The ‘golden era of globalisation’ now feels like a distant memory, says the bank’s deputy CEO [SINGAPORE] While the world is facing a landscape marked by geopolitical tensions, trade barriers and technological bifurcation, there are several clear pathways to growth and prosperity, with Asia being central to that journey. Making this point on Thursday (Oct…
Read MoreStocks to watch: Keppel Reit, OUE Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Oct 9): Keppel Reit : The manager of the real estate investment trust (Reit) announced on Thursday that the private placement to raise about S$113 million for the acquisition of Top Ryde City Shopping Centre in Sydney, Australia, has…
Read MoreUS: Wall Street indices open higher with Fed remarks in focus
[NEW YORK] Wall Street’s main indices opened higher on Wednesday (Oct 8) following a blip in a steady rally, as investors awaited fresh clues from Federal Reserve officials on the interest-rate trajectory. The Dow Jones Industrial Average rose 46.3 points or 0.1 per cent at the open to 46,649.32. The S&P 500 rose 9.3 points…
Read MoreSGX securities trading volume surges 50.8% in September on stronger equities demand
[SINGAPORE] The Singapore Exchange (SGX) reported a 50.8 per cent year-on-year rise in its securities turnover volume, as demand for local equities maintained its momentum on the local bourse. The exchange said in a release on Wednesday (Oct 8) that trading volume reached 38.6 billion securities in September, up from 25.6 billion in the same…
Read MoreSingapore stocks track regional decline; STI down 0.4%
Across the broader market, advancers outnumber decliners 310 to 276, after 1.7 billion securities worth S$1.3 billion change hands [SINGAPORE] Local shares ended Wednesday (Oct 8) lower, tracking a broader decline across regional markets. The benchmark Straits Times Index (STI) shed 0.4 per cent or 15.96 points to close at 4,456.30. Yangzijiang Shipbuilding was the…
Read MoreChinese 450 billion yuan optics firm Innolight weighs Hong Kong listing: sources
[HONG KONG] Zhongji Innolight, a Chinese maker of optical communication modules and devices, is considering a listing in Hong Kong, according to people familiar with the matter. The Shandong-based company is working with advisers on the possible listing, the people said, asking not to be identified because the information is private. Considerations are preliminary and…
Read MoreGold is booming. From mega vaults to discreet transport, who are the key players in Singapore?
[SINGAPORE] Gold surged into uncharted territory on Wednesday (Oct 8), opening above US$4,000 an ounce for the first time, in a year that has seen it consistently set new records. In the second quarter of 2025, gold investment in Singapore surged 37 per cent year on year, rising to 2.2 tonnes from 1.6 tonnes in…
Read MoreStocks to watch: DBS, Keppel Reit, NetLink NBN Trust, StarHub, Info-Tech
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Oct 8): DBS Bank : The bank’s shares hit a new record high on Tuesday, driving its market capitalisation beyond S$150 billion. It now has nearly double the market capitalisation of its nearest banking rival, OCBC. Charu Chanana, chief…
Read MoreMercedes posts worst quarterly China sales since 2016 as demand crisis deepens
[FRANKFURT] Mercedes-Benz Group’s China sales tumbled 27 per cent in the third quarter to their lowest level in almost a decade as luxury demand in the country remains weak and local manufacturers dominate on electric vehicles. The slump in China – the worst quarterly sales performance there since 2016 – dragged down the company’s global…
Read MoreYen, euro extend slide against US dollar as politics calls the shots
[LONDON] Political developments drove currency markets again on Tuesday (Oct 7) with the yen falling to a two-month low after Sanae Takaichi’s leadership victory in Japan, while the euro remained fragile following the resignation of France’s prime minister. Takaichi, who is expected to become Japan’s next prime minister, has pledged to boost the Japanese economy…
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