Posts by Mark Darwin
Gold holds dip as traders pare rate cut bets on US job strength
Published Fri, Jul 25, 2025 · 10:42 AM GOLD held a decline on Friday – but remained on track for a small weekly gain – as resilient US jobs data reinforced views that the Federal Reserve will hold interest rates next week. Bullion traded near US$3,370 an ounce, following a 0.6 per cent loss on Thursday…
Read MoreUS prepares to allow limited oil operations in Venezuela, starting with Chevron, sources say
[HOUSTON] The United States is preparing to grant new authorisations to key partners of Venezuela’s state-run PDVSA, starting with Chevron, to allow them to operate with limitations in the sanctioned Opec nation and swap oil, five sources close to the matter said on Thursday. If granted, the authorisations to the US oil major, and possibly also…
Read MoreChina Everbright Water appoints new CEO, sets up sustainability committee
Xiong Jianping succeeds outgoing chief Tao Junjie, who has been at the helm for nearly four years [SINGAPORE] Water environmental management company China Everbright Water has appointed Xiong Jianping, 46, as its chief executive officer and executive director. He succeeds Tao Junjie, 59, who stepped down from both positions. The company also announced on Thursday…
Read MoreOil prices steady with trade talks in focus
[NEW YORK] Oil prices were little changed on Wednesday as investors assessed trade developments between the European Union and the US after President Donald Trump reached a tariff deal with Japan. Brent crude futures settled 8 cents, or 0.12 per cent, lower at US$68.51 a barrel, while US West Texas Intermediate crude futures were down 6…
Read MoreHow to Start a Nonprofit
There’s a new generation of young startup founders who are not only chasing unicorns: they’re chasing purpose. Whether it’s addressing food desertification, accelerating educational justice, or combating climate change, more sub-30 founders want to start a nonprofit to make a lasting impact in the world. Starting a nonprofit can feel intimidating, particularly as compared to…
Read MoreUS: Wall Street opens higher as US-Japan trade deal lifts sentiment
Published Wed, Jul 23, 2025 · 09:42 PM [NEW YORK] Wall Street opened higher on Wednesday (Jul 23) after President Donald Trump struck a trade deal with Japan, shoring up expectations of further agreements ahead of the fast-approaching August 1 deadline. The Dow Jones Industrial Average rose 158.7 points, or 0.36 per cent, at the…
Read MoreOUE Reit H1 DPU gains 5.4% to S$0.0098 on capital management, resilient Singapore portfolio
[SINGAPORE] OUE real estate investment trust (OUE Reit) reported a distribution per unit (DPU) of S$0.0098 for the first half ended Jun 30, 2025, up 5.4 per cent from S$0.0093 in the corresponding year-ago period. The growth reflects the manager’s effective capital management and the resilience of its diversified Singapore portfolio, its manager said in…
Read MoreSabana Reit’s H1 DPU rises 26.9% to S$0.017 on higher overall occupancy, sustained positive rental reversions
[SINGAPORE] Sabana Industrial Real Estate Investment Trust (Reit) posted a distribution per unit (DPU) of S$0.017 for the first half of its fiscal year ended Jun 30, up 26.9 per cent from S$0.0134 in the corresponding year-ago period. Total income available for distribution grew to S$21.1 million, up 26.8 per cent from S$16.6 million in the…
Read MoreJapan vows more US rice imports within tariff-free quota
Published Wed, Jul 23, 2025 · 12:34 PM [TOKYO] Japan will import more rice from the United States but within the existing tariff-free quota, Prime Minister Shigeru Ishiba said on Wednesday, stressing Tokyo’s success in protecting the agricultural sector in agreeing a bilateral trade deal. After months of negotiations, the two countries struck a deal…
Read MoreHiap Seng shares soar 75% after Indonesian oil giant Chandra Asri buys 11.9% stake
Shares end Wednesday at multi-year high of S$0.021; future partnership between both companies could be on the horizon, says Hiap Seng CEO Max Tan [SINGAPORE] Indonesian petrochemical producer Chandra Asri has purchased an 11.9 per cent stake in Hiap Seng Industries, giving it a substantial stake in the steel fabrication service provider. Hiap Seng shares…
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