Posts by Mark Darwin
Confidence returns to US IPOs with best start to year since 2021
For the first time in three years, Wall Street’s equity capital markets bankers appear to have the wind at their backs. Initial public offerings have gotten off to their best start to a year since the heady days of 2021, with more than US$20 billion raised in the first six months, according to data compiled…
Read MoreMorgan Stanley ending bonus caps for city of London staff
The Wall Street bank said that it continues “to pay competitively and reward strong performance” MORGAN Stanley is scrapping a cap on bonuses for bankers in the City of London, underlining the shift among US and UK lenders towards paychecks that look more like the bonus-heavy packages of their New York counterparts. The Wall Street…
Read MoreChina sets up new state body to drill deep for oil and gas reserves
This is in answer to President Xi Jinping’s call for the sector to have “new productive forces” that will contribute to the country’s energy security China is setting up a new entity that groups national oil producers and other state firms to search for ultra-deep oil and gas reserves and tackle harder-to-extract non-conventional resources, state…
Read MoreMalaysia’s Sabah state to develop oil, gas facilities with Gibson Shipbrokers
LONDON-BASED Gibson Shipbrokers and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) have signed an agreement to develop oil and gas facilities in the South-east Asian nation’s Sabah state. The oil and gas facilities will be developed at the Sipitang Oil and Gas Industrial Park in Sabah, and will include the construction of a…
Read MoreDigital payment token service providers at higher risk of facilitating terrorism financing
THE risk of digital payment token (DPT) service providers facilitating terrorism financing was raised from “medium-low” to “medium-high” as part of the latest refresh of Singapore’s terrorism financing national risk assessment. The risk assessment, which was last conducted in 2020, highlighted similar terrorism financing risk areas, the Ministry of Home Affairs, Ministry of Finance and…
Read MoreAsia: Euro edges up on easing worries about French election
THE euro rose against the dollar on Monday on signs France’s far-right would not win enough seats for an overall majority in legislative elections. The single currency had come under pressure in recent weeks on worries Marine Le Pen’s National Rally would storm to victory and push through big-spending policies that could put the country…
Read MoreBoeing offered 737 MAX plea deal, lawyer of crash victims’ families says
THE US Justice Department is offering Boeing a plea deal that will allow it to avoid a trial related to two deadly 737 MAX crashes, a lawyer for the victims’ families said on Sunday, expressing outrage. Details of the deal, which requires Boeing to pay a fine and submit to an outside supervisor, were given…
Read MoreStocks to watch: Wilmar, Sembcorp, Keppel Infrastructure Trust, Del Monte, GSH, Tuan Sing
THE following companies saw new developments that may affect trading of their securities on Monday (Jul 1):
Read MoreTuan Sing terminates management agreements for Hyatt Regency Perth
TUAN Sing will no longer manage Hyatt Regency in Perth, Australia, ahead of the property’s planned repositioning and branding. Its indirect wholly owned subsidiary, HR Operations, inked a deed of termination and release with Hyatt’s subsidiaries to end the property’s existing management agreements. Hyatt Regency Perth will cease to be a Hyatt-managed hotel on Aug…
Read MoreBitcoin investors begin to ponder what’s next after ETF mania cools
AS THE second-quarter draws to a close, crypto investors are left wondering what’s next for Bitcoin after it retreated from the all-time highs registered during the height of the mania over exchange-traded funds (ETFs). The original cryptocurrency is down about 13 per cent since March, a sharp contrast from the 67 per cent and 57…
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