Posts by Mark Darwin
Hong Kong to speed up development of border tech hub, John Lee says
Absent bold new measures, the city’s housing market is likely to remain under pressure, with home values hovering near their lowest since 2016 [HONG KONG] Hong Kong’s leader said the city will accelerate the development of a cross-border tech hub with China as the Asian financial centre searches for new growth drivers. Chief executive John…
Read MoreChina says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers
[BEIJING] China on Wednesday called the framework deal reached in Madrid to switch short-video app TikTok to US-controlled ownership a “win-win” and said it would review TikTok’s technology exports and intellectual property licensing, in a state media editorial. Investors on both sides of the Pacific are now waiting for a call scheduled for Friday between…
Read MoreGait Retraining After a Tibia or Femur Fracture From Impact Injuries
Recovering from a severe leg fracture, such as one to the tibia or femur, is rarely a simple process. These injuries are common after high-impact accidents like car crashes, sports collisions, or heavy falls, and they can significantly affect your ability to walk. An expert auto accident attorney in Albuquerque emphasizes that gait retraining is…
Read MoreOil settles over 1% higher as Ukraine drone attacks target Russian supply
[NEW YORK] Oil prices rose over a dollar a barrel on Tuesday, as traders weighed the possibility that Russian supplies may be disrupted by Ukrainian drone attacks on its ports and refineries, and awaited the Federal Reserve’s decision on U.S. interest rates. Brent crude futures settled up US$1.03, or 1.5 per cent, at US$68.47 a barrel. US…
Read MoreUS: Wall Street opens higher on rate cut expectations
[NEW YORK] Wall Street’s main indexes opened higher on Tuesday (Sep 16) as investors priced in expected interest rate cuts from the Federal Reserve on Wednesday, while digesting stronger-than-expected August retail sales data. The Dow Jones Industrial Average rose 36.1 points, or 0.08 per cent, at the open to 45,919.54. The S&P 500 rose 8.9…
Read MoreSTI closes flat on Tuesday as regional peers gain
Decliners outnumber advancers 278 to 256 in the broader market with 1.5 billion shares worth S$1.4 billion changing hands [SINGAPORE] The Straits Times Index (STI) closed flat on Tuesday (Sep 16), down 0.68 point to 4,337.74, as regional indices gained. Across the broader market, decliners outnumbered advancers 278 to 256 after 1.5 billion shares worth…
Read MoreFood-delivery platform foodpanda to rely on affordability, convenience and quick commerce to drive growth
[SINGAPORE] It has been eight months since Bhavani Shankar Mishra took over the hot seat as Singapore managing director for food-delivery platform foodpanda – and his stint has not been without its challenges. The latest development to hit the news headlines have been complaints about foreigners working as food-delivery riders. Already, enforcement actions have resulted…
Read MoreHong Kong equity deals boom as Chinese firms rush to market
Initial public offerings, secondary share sales and equity-linked transactions are all poised for a boom period [HONG KONG] Hong Kong bankers have ended the summer lull with a bang, closing billions of US dollars of capital market deals as China’s corporate giants rush to raise cash. So frenetic is the pace that three Hong Kong-listed…
Read MoreTrump administration orders Delta, Aeromexico to end joint venture by Jan 1
[WASHINGTON] The Trump administration said late on Monday it was ordering Delta Air Lines and Aeromexico to unwind a joint venture by Jan 1 that let the carriers coordinate scheduling, pricing and capacity decisions for US–Mexico flights. The US Transportation Department in July had proposed ending the nearly nine-year-old joint venture as part of a…
Read MoreOil settles higher as investors assess attacks on Russian energy facilities
[HOUSTON] Oil prices settled higher on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries and of US President Donald Trump pressing Nato nations to halt Russian oil purchases. Brent crude futures settled up 45 cents, or 0.67 per cent, at US$67.44 a barrel while US West Texas Intermediate crude settled 61 cents higher, up…
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