Posts by Mark Darwin
Camsing Healthcare to resume trading on Jul 4
CAMSING Healthcare, whose shares have been suspended since 2019, will resume trading on the Singapore Exchange on Thursday (Jul 4). In bourse filings released late on Wednesday, the company said it has obtained the Singapore Exchange Regulation’s (SGX RegCo) concurrence on its application to resume the trading of its shares with effect from 9 am…
Read MoreGermany launches electric truck charging network
The German government on Wednesday (Jul 3) launched a project to build a nationwide fast-charging network for heavy-duty vehicles as Berlin aims to decarbonise the transport sector by 2045. Greenhouse emissions in Europe’s biggest economy fell to the lowest level in 70 years in 2023, but the transport sector has consistently failed to meet its…
Read MorePhilips’ second-biggest investor raises stake after apnoea deal
This comes after Exor, its largest shareholder, increased shareholding in the company to 17.5% from 16.1% A SECOND major Philips investor raised its holding in the medical technology giant, two months after the Dutch company settled claims linked to its faulty sleep apnoea machines. Artisan Partners raised its stake in Philips to 10 per…
Read MoreYen slides to fresh lows, market ‘challenges’ Japan authorities to act
The yen traded at fresh 38-year lows against the dollar and a record trough against the euro on Wednesday (Jul 3), as the currency continued its downward grind, with Japanese officials largely remaining on the sidelines amid the risk of intervention. The dollar edged lower against a basket of currencies, extending Tuesday’s decline after dovish…
Read MoreDBS, OCBC and UOB surge to 45% of the STI
This comes after the share prices of DBS and OCBC hit new highs, with DBS comprising about a fifth of the benchmark index’s market cap AFTER a strong performance this year and an even more spectacular run-up this week, the three local banks are increasingly dominating Singapore’s benchmark index. The proportion of the market capitalisation…
Read MorePwC names new China head amid regulatory scrutiny
Daniel Li assumed the role of chairman of PwC China and Asia-Pacific with effect from Jul 1 PRICEWATERHOUSECOOPERS (PwC) has named in-house executive Daniel Li as its new China head, a move that comes as it faces investigations by financial regulators in mainland China and Hong Kong. PwC said in a statement to Reuters on…
Read MoreIndia asks utilities to order US$33 billion in equipment to boost coal power output
India has asked power companies to order equipment worth US$33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian nation struggles to meet booming electricity demand, two government officials said. The unprecedented move by the government, which would result in record tendering in a year…
Read MoreSoftBank trades above record-high close in win for Masayoshi Son
SOFTBANK Group shares traded above the company’s lifetime closing high for the first time in three years, buoyed by a global surge in artificial intelligence (AI) and chip investment. The Japanese tech investor is gaining investor attention as its telecom arm moves aggressively to invest in generative AI, tying up with Microsoft and startup Perplexity…
Read MoreEU takes aim at China’s Temu and Shein with proposed import duty: FT
THE European Union is drawing up plans to impose customs duties on cheap goods bought from Chinese online retailers including Temu and Shein, the Financial Times reported on Wednesday, citing three people briefed on the matter. The European Commission later this month will suggest scrapping a current 150 euros (S$218) threshold under which items can…
Read MoreAmazon counts on ‘grit and innovation’ to meet AI surge
THE artificial intelligence (AI) revolution is upon us with companies around the world looking to jump headfirst into the technology made famous by ChatGPT. To satisfy their generative AI urge, firms need to secure state-of-the-art software and ramp up computing power, which quickly brings them knocking on the doors of the globe’s cloud computing giants,…
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