Posts by Mark Darwin
Oil slides as US pushes for Russia-Ukraine peace deal
[HOUSTON] Oil prices fell on Thursday (Nov 20) as the administration of US President Donald Trump pushed for Ukraine’s acceptance of a peace agreement with Russia to end a war that has gone on for more than three years. Brent crude futures settled at US$63.38 a barrel, down 13 US cents, or 0.2 per cent.…
Read MoreGenerosity Beats Transactions In Building Community
Community isn’t built on scorecards. It’s built on showing up. My take is simple: give without keeping tabs, and you’ll create a network that lasts. I’ve seen the stop-and-go nature of careers. Some seasons lift you up. Others humble you. The people who win over time are the ones who stick around for each other.…
Read MoreEurope: Shares close at one-month low on Fed rate cut worries, tech valuations
EUROPEAN shares fell on Tuesday, with those in Germany near a five-month low as a broad risk-off mood gripped global markets, sparked by worries about an overvalued tech sector and diminishing prospects of an imminent interest rate cut from the US Federal Reserve. The pan-European Stoxx 600 fell 1.72 per cent to 561.86 points to close at…
Read MoreOil settles up 1% on Russia sanctions, interviews for next US Fed chair
[HOUSTON] Oil prices settled higher on Tuesday after a choppy session as traders weighed the impact of Western sanctions on Russian oil flows, as well as US President Donald Trump saying his administration had started interviewing for the next Federal Reserve chair. Brent crude settled up 69 cents, or 1.07 per cent, at US$64.89 a barrel. US West…
Read MoreOil settles up 1% on Russia sanctions, interviews for next US Fed chair
[HOUSTON] Oil prices settled higher on Tuesday after a choppy session as traders weighed the impact of Western sanctions on Russian oil flows, as well as US President Donald Trump saying his administration had started interviewing for the next Federal Reserve chair. Brent crude settled up 69 cents, or 1.07 per cent, at US$64.89 a barrel. US West…
Read MoreGoogle launches Gemini 3, embeds AI model into search immediately
[SAN FRANCISCO] Alphabet’s Google on Tuesday (Nov 18) launched the latest version of its artificial intelligence model Gemini, emphasising that the new capabilities will be immediately available in several profit-generating products like its search engine. Gemini 3, arriving 11 months after the second generation of the model, appears on paper to keep Google at the…
Read MoreNissan to cut more output at Kyushu plant on chip supply troubles
[TOKYO] Japan’s Nissan will cut production by another 1,400 vehicles at its Kyushu plant next week, as the fallout from chip supply disruptions linked to Chinese-owned Nexperia continues to affect its domestic operations, a person familiar with the matter said. The move follows a 900-vehicle reduction in output last week. Cuts this time will include…
Read MoreKKR targets December close for second Asia private credit fund
Asian borrowers remain highly price-sensitive, often opting for bank loans that are typically 200 basis points to 400 basis points cheaper than private debt [HONG KONG] KKR is aiming to close its second Asia-focused credit fund in December and is targeting around US$2 billion, according to sources familiar with the matter. Asia Credit Opportunities Fund…
Read MoreYangzijiang Maritime inks fresh vessel deals ahead of mainboard debut
It also signed letters of intent for joint ventures to build new tankers, bulk carriers [SINGAPORE] Yangzijiang Maritime Development signed contracts with a Marshall Islands-based shipowner for the sale of four new medium-range tankers with an aggregate gross value of US$180 million. These four tankers, weighing 49,800 deadweight tonnage (dwt), are being built at a…
Read MoreUS: Wall St falls at open with eyes on Nvidia earnings, data
[NEW YORK] Wall Street’s main indexes fell at the open on Monday (Nov 17), heading into a packed week that includes AI bellwether Nvidia’s results and the resumption of government data releases. The Dow Jones Industrial Average fell 79.4 points, or 0.17 per cent, at the open to 47,068.06. The S&P 500 fell 20.5 points,…
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