Posts by Mark Darwin
What Florida Car Buyers Must Know Before Signing Anything
Buying a car in Florida can be an exciting milestone, but it’s also a financial trap for the unprepared. The Sunshine State has its own set of rules, dealership practices, and legal nuances that can catch buyers off guard. If you’re not careful, a simple oversight can cost you thousands of dollars. Before you sign…
Read MorePrudential commences third tranche of US$2 billion share buyback scheme
[SINGAPORE] Asia-focused insurer Prudential on Tuesday (Jul 1) announced the commencement of the third and final tranche of its US$2 billion share buyback programme launched in June 2024. This latest US$500 million tranche follows the completions of a first US$700 million tranche in November 2024 and a second US$800 million tranche in June 2025. It…
Read MoreStandard Chartered Bank faces US$2.7 billion lawsuit over alleged role in 1MDB fraud
The move is the latest in a wide-ranging effort to recover money belonging to 1Malaysia Development Berhad Published Tue, Jul 1, 2025 · 01:49 PM — Updated Tue, Jul 1, 2025 · 02:25 PM [KUALA LUMPUR] Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1MDB have filed legal proceedings against Standard Chartered…
Read MoreChinese automakers grab record hybrid market share in Europe
[LONDON] Chinese automakers continued to expand their European foothold in May, capturing the highest share ever of hybrid-car sales and the biggest slice of the electric vehicle (EV) market in 10 months. Manufacturers led by BYD and Saic Motor’s MG surpassed 9 per cent share in both of those categories, based on figures from industry…
Read MorePwC Singapore appoints 11 new partners across different practices
[SINGAPORE] PwC Singapore has named 11 new partners as it responds to increasing demand for industry-focused advice and cross-border capabilities. The appointments span a wide range of sectors, including financial services, technology, healthcare, logistics and real estate. PwC Singapore’s executive chairman Marcus Lam said: “Each of our new partners embodies the best of our firm…
Read MoreSydney flights disrupted by heavy rain and winds, flood alert raised
Published Tue, Jul 1, 2025 · 09:32 AM [SYDNEY] Strong winds and heavy rain led airlines to cancel many domestic flights from Sydney on Tuesday as Australia’s weather bureau warned an intense low-pressure weather system offshore could result in flash flooding in parts of the country’s southeast. Qantas Airways cancelled at least 11 domestic flights…
Read MoreNissan seeks to delay supplier payments to free up cash, company emails show
[TOKYO] Nissan Motor has asked some suppliers to allow it to delay payments to free up short-term funds, according to several emails and a company document reviewed by Reuters, as the troubled Japanese automaker scrambles to boost cash. New CEO Ivan Espinosa, who took over in April, has unveiled plans to shed around 15 per…
Read MoreApple loses bid to dismiss major US antitrust case
[WASHINGTON] A federal judge on Monday denied Apple’s motion to dismiss a major antitrust lawsuit brought by the US government, allowing the case challenging the tech giant’s alleged smartphone monopoly to move forward. District Judge Julien Neals of New Jersey ruled that the government had adequately demonstrated that Apple maintains monopoly power in smartphone markets…
Read MoreOil edges down on easing Middle East risks but gains for a second month
[HOUSTON] Oil prices edged down on Monday as investors weighed easing Middle East risks and a possible Opec+ output increase in August. Both Brent and US crude oil benchmarks posted their biggest weekly declines since March 2023 last week but rose for the second consecutive month, gaining around 6 per cent and 7 per cent respectively. Brent futures settled…
Read MoreUS: S&P 500, Nasdaq open at record levels on trade talk hopes; set for strong quarter
Published Mon, Jun 30, 2025 · 09:42 PM [NEW YORK] The S&P 500 and Nasdaq opened at fresh record highs on Monday (Jun 30), as optimism over the United States striking trade deals with its key partners fuelled bullish momentum, keeping the indexes on track for strong quarterly gains. The Dow Jones Industrial Average rose…
Read More