Posts by Mark Darwin
Dell, Super Micro providing server racks for xAI’s supercomputer
DELL Technologies and Super Micro Computer will provide server racks for the supercomputer that Elon Musk’s artificial intelligence startup xAI is building, the US businessman said on social media platform X on Wednesday (Jun 19). Dell is assembling half of the racks for xAI’s supercomputer, Musk said on X. In a reply to another post…
Read MoreBritish bank NatWest to close Polish business, cutting 1,600 staff
45 per cent of roles are gone for good and the remaining 55 per cent being transferred to the other two countries where equivalent jobs will be created NatWest will close its business in Poland by the end of 2025, the British bank said on Wednesday (Jun 19), as it consolidates its financial crime operations…
Read MoreDollar struggles for direction, euro close to 1½ month low
The dollar struggled for direction on Wednesday (Jun 19) while the euro remained close to its recent lows on concerns that a new government in France could weaken fiscal discipline, increasing the debt risk premium across the euro area. Meanwhile, sterling rose after data showed British service inflation was stronger than expected. US markets are…
Read MoreGreenback struggles for direction, euro close to 1½ month low
The US dollar struggled for direction on Wednesday (Jun 19) while the euro remained close to its recent lows on concerns that a new government in France could weaken fiscal discipline, increasing the debt risk premium across the euro area. Meanwhile, the sterling rose after data showed that British service inflation was stronger than expected.…
Read MoreEU drafts plan to exempt long-haul flights from new emissions rules
The European Commission has drafted plans to initially exempt long-haul flights from rules on monitoring their non-CO2 emissions after international carriers lobbied for an opt-out, documents seen by Reuters showed. The EU is developing plans to require airlines to track and report their contribution to climate change from January 2025 – not only from carbon…
Read MoreStockholm exchange fined US$10 million for insider trading lapses
Sweden’s financial watchdog said on Wednesday (Jun 19) it had fined the Stockholm stock exchange close to US$10 million for failing to detect and report suspected insider trading. The Financial Supervisory Authority (FSA) said it had investigated “four major company events in 2021 and 2022“, as well as two other cases of trading of financial…
Read MoreChina issues measures to enhance reforms of tech-focused STAR Market
CHINA’S securities regulator issued eight measures on Wednesday (Jun 19) to enhance the reform of the tech-focused STAR Market to drive innovation and the development of “new productive forces”, it said in a statement. The China Securities Regulatory Commission (CSRC) will support “hard tech” companies to list on the board, and improve stock and bond…
Read MoreTrafigura proposes employee share clawbacks for confidentiality breaches: sources
COMMODITY trader Trafigura sent a letter last week to current and former employees proposing share clawbacks for breaches of confidentiality and its code of conduct, two sources with knowledge of the matter told Reuters. Clawbacks are typically used by financial firms which require money already paid out to employees to be returned in the event…
Read MoreSingapore shares rise at Wednesday’s open; STI up 0.6%
SINGAPORE equities began trading in positive territory on Wednesday (Jun 19), as US stocks finished higher with Nvidia becoming the world’s most valuable public company. As at 9.01 am, the Straits Times Index (STI) opened 0.6 per cent or 18.15 points higher at 3,319.93. Across the broader market, gainers outnumbered losers 78 to 33 after…
Read MoreStocks to watch: Singtel, SIA, Seatrium, Mooreast, Sabana Reit
THE following companies saw new developments that may affect trading of their securities on Wednesday (Jun 19):
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