Posts by Mark Darwin
Crypto exchange-traded products get UK regulatory approval
THE United Kingdom’s financial regulator approved the first cryptocurrency exchange-traded products (ETPs), a step towards catching up to other financial centres in digital assets. WisdomTree said it received the green light from the Financial Conduct Authority (FCA) to list a pair of physically-backed crypto ETPs tracking Bitcoin and Ether on the London Stock Exchange. The…
Read MoreCryptoverse: Miners trudge through post-halving world
WITH mining rewards halved, mining difficulty elevated and the shiny new Bitcoin exchange-traded funds (ETFs) stealing investor capital, it’s been a tough year for Bitcoin miners. Marathon Digital and Riot Platforms, among the biggest US-listed miners, have dropped about 10 per cent and 33 per cent respectively so far this year, even as Bitcoin has…
Read MoreEurope’s biggest pension fund sells 10 billion euros in fossil fuels
EUROPE’S biggest pension fund, Stichting Pensioenfonds ABP, has exited all liquid assets in oil, gas and coal worth about 10 billion euro (S$14.6 billion), in an effort to be greener. The last shares and bonds owned by the fund were sold in the first quarter of this year, Harmen van Wijnen, chairman of ABP’s board…
Read MoreOssia International net profit falls 30% to S$4.7 million
OSSIA International posted a 30 per cent drop in net profit to S$4.7 million for its second half ended Mar 31, from S$6.7 million in the previous corresponding period, it said in a bourse filing on Tuesday (May 28). Earnings per share stood at 2.61 Singapore cents for the half-year period, down from 3.99 cents…
Read MoreThe Hour Glass H2 profit falls 9% to S$79.5 million on macro uncertainties, rising costs
THE Hour Glass : AGS 0% posted a 9 per cent fall in net profit to S$79.5 million for its second half ended Mar 31, from S$87.8 million in the previous corresponding period. The combination of geopolitical tensions, economic volatility and rising operating costs had dampened profitability for the year, the watch retailer said in…
Read MoreDelfi Q1 Ebitda falls 8.5% on lower net sales
CHOCOLATE confectioner Delfi booked an 8.5 per cent fall in its earnings before interest, taxes, depreciation and amortisation (Ebitda) to US$23.3 million in the first quarter ended Mar 31, from US$25.5 million the year before. There was also a 5.3 per cent year-on-year decline in its first-quarter net sales to US$150.7 million, from US$159.1 million.…
Read MoreSTI up 7.4% over last six weeks on net institutional inflow
THE Straits Times Index (STI) has gained 5.5 per cent in the past six weeks, with dividends boosting total return to 7.4 per cent, Singapore Exchange (SGX) market strategist Geoff Howie said in a market update on Tuesday (May 28). The STI finished the May 27 session at 3,318.45, its highest close since August 2023,…
Read More