Posts by Mark Darwin
Japan chipmaker Kioxia to file preliminary listing application: sources
BAIN Capital-backed chipmaker Kioxia plans to submit a preliminary application to list shares on the Tokyo Stock Exchange in the coming days, two people familiar with the matter said. The chipmaker plans to submit a full application in August and list at the end of October, though the timing could be pushed back to December,…
Read MoreJapan’s Nikkei rallies to more than two-month high on fresh tech momentum
Japan’s Nikkei share average climbed more than 1 per cent to secure a 2½ month closing peak on Wednesday (Jun 26), as investors snapped up technology stocks and chip-related heavyweights surged. The Nikkei rose 1.26 per cent to 39,694.50, its highest closing level since April 9, after touching a near three-month intraday high of 39,788.63.…
Read MoreBHP uncertain net zero emissions target will be reached by 2050
THE world’s biggest mining company, BHP Group, said it may not reach its goal of cutting greenhouse emissions created by its customers and suppliers to net zero by 2050. “Achievement of this goal is uncertain, particularly given the challenges of a net zero pathway for our customers in steelmaking, and we cannot ensure the outcome…
Read MoreAsia: Markets fluctuate after Wall Street rebound, inflation in view
ASIAN markets swung on Wednesday following a tech-led bounce on Wall Street as investors prepare for the release of crucial US inflation data, while the yen fell back towards levels that have stirred intervention warnings from Japanese officials. The euro also remained under pressure ahead of weekend elections in France that polls suggest will see…
Read MoreVietnam Air risks insolvency if state-backed loan isn’t extended
NATIONAL carrier Vietnam Airlines risks insolvency as early as July if the repayment deadline for a government-backed loan is not extended, according to a statement on the National Assembly’s website. The airline is in a “financial crisis” because it has not yet completed refinancing efforts such as restructuring non-core investments and sales of new shares…
Read MoreSingapore shares open almost flat on Wednesday; STI down 0.04%
SINGAPORE shares started Wednesday (Jun 26) on a muted note after US equities ended mixed overnight, while European shares closed in negative territory. As at 9.01 am, the Straits Times Index (STI) opened 0.04 per cent or 1.33 points lower at 3,324.95. Across the broader market, gainers outnumbered losers 47 to 44 after 27.2…
Read MoreOpenAI delays rolling out its ‘Voice Mode’ to July
CHATGPT maker OpenAI said on Tuesday that it was delaying the release of its “Voice Mode” feature by a month to July because of technical issues. The company had originally planned to roll out the realistic voice conversation experience to a small group of ChatGPT Plus users in late June, but said it was delaying…
Read MoreDisney World to take ride reservations in advance
WALT Disney’s Florida theme parks will let visitors reserve a space for shorter lines on rides as much as one week in advance, in an effort to address complaints about the process. Disney hotel guests will be able to book ride reservations seven days ahead for their entire stay. Others can do so three days…
Read MoreUS: Stocks finish mixed as Nvidia rebound boosts Nasdaq
US STOCKS finished mixed on Tuesday, as Nvidia reversed a recent decline to finish the day almost seven percent higher, pushing up the Nasdaq. The Dow Jones Industrial Average closed 0.8 per cent lower at 39,112.16, while the broad-based S&P 500 closed 0.4 per cent higher at 5,469.30. The tech-rich Nasdaq Composite Index was the top performing…
Read MoreLVMH snaps up luxury Swiss clock maker L’Epee 1839
LVMH, the world’s largest luxury group, has acquired Switzerland-based speciality clock maker L’Epee 1839, boosting its expertise in high-end watch making, the company said on Tuesday (Jun 25). The acquisition comes as luxury groups seek to cater to shoppers at the very high end of the market as the rising cost of living dampens demand…
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