Posts by Mark Darwin
Donald Trump meets Bitcoin miners in his latest pro-crypto overture
SEVERAL Bitcoin miners met with former president Donald Trump at Mar-a-Lago on Tuesday (Jun 11) night, according to Matthew Schultz, executive chairman at crypto mining company CleanSpark. Trump told attendees that he loves and understands cryptocurrency, adding that Bitcoin miners help to stabilise the energy supply from the grid, according to Schultz. Trump said he’d…
Read MoreChina weighs ban on bank distribution of hedge fund products
CHINESE regulators are considering tougher restrictions on how banks sell financial products to the public, in a move that could cut off a major distribution channel for some of the nation’s largest hedge funds, according to sources familiar with the matter. The National Financial Regulatory Administration (NFRA) is seeking feedback from commercial banks on revisions…
Read MoreSingapore shares open higher on Wednesday; STI up 0.3%
SINGAPORE equities started Wednesday (Jun 12) morning on a strong footing, amid mixed global performance overnight. As at 9.01 am, the Straits Times Index (STI) opened 0.3 per cent or 11.27 points higher at 3,320.48. Across the broader market, gainers outnumbered losers 64 to 43 after 55.6 million securities worth S$75.2 million changed hands. The most…
Read MoreYoma cites FY2024 results, media reports as potential reasons for unusual trading
YOMA Strategic Holdings said it was unaware of any reasons for its recent unusual trading activity after being queried by the Singapore Exchange Regulation (SGX RegCo). After the market closed on Tuesday (Jun 11), the Myanmar-focused conglomerate said potential explanations for the trading included the May 29 release of its FY2024 results, along with subsequent…
Read MoreYoma cites FY2024 results, brokerage, media reports as potential reasons for unusual trading activity
YOMA Strategic Holdings said it was unaware of any reasons for its recent unusual trading activity after being queried by the Singapore Exchange Regulation (SGX RegCo). After the market closed on Tuesday (Jun 11), the Myanmar-focused conglomerate said potential explanations for the trading included the May 29 release of its FY2024 results, along with subsequent…
Read MoreFake players popping up in Asia’s family office frenzy
AS EDOARDO Collevecchio was getting ready to speak at a conference in Singapore, he recognised the family office that employed a fellow panellist. But as they exchanged small talk, Collevecchio noticed something was off – the executive could not answer basic questions about his firm and did not even recognise the name of an owner.…
Read MoreStocks to watch: SIA, Sabana Reit, Yoma Strategic, Cordlife
THE following companies saw new developments that may affect trading of their securities on Wednesday (Jun 12): Singapore Airlines : C6L 0% (SIA): The national flag carrier is offering all passengers who were injured during last month’s turbulence-hit SQ321 flight individual compensation starting from US$10,000. The airline confirmed it sent out its offers of compensation…
Read MoreHow Apple used Google’s help to train its AI models
ON STAGE on Monday CEO Tim Cook’s Apple announced a splashy deal with OpenAI to include its powerful artificial intelligence model as a part of its voice assistant, Siri. But in the fine print of a technical document Apple published after the event, the company makes clear that Alphabet’s Google has emerged as another winner…
Read MoreBlackRock will expand offerings for overseas investors in Japan
BLACKROCK’S Japan unit plans to expand its offerings of investment options in the country for overseas clients. In order to attract foreign funds, the company has increased the number of portfolio managers, analysts, strategists and other personnel involved in the active management of Japanese equities by approximately 20 per cent since last year, Hiroyuki…
Read MoreOil edges up as Opec sees relatively strong growth in 2024 oil demand
OIL prices edged slightly higher on Tuesday (Jun 11) as Opec stuck to its forecast for relatively strong growth in global oil demand in 2024 and as investors waited for the outcome of the Federal Reserve’s policy meeting to see how changing prices could hit demand. Brent crude futures rose 49 cents, or 0.6 per…
Read More