Posts by Mark Darwin
Nissan 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 MoreNTT seeks up to US$864 million in data centre Reit’s Singapore IPO
[SYDNEY/SINGAPORE] Japanese telecom giant NTT is seeking to raise roughly US$864 million in a Singapore IPO for a data centre Reit if an overallotment option is included, according to a term sheet that marked the start of the bookbuilding process. NTT DC Reit’s portfolio comprises six data centre assets located in the United States, Austria…
Read MoreUS-based I Squared Capital dumps plans to make separate offer for Hong Kong’s HKBN
Published Mon, Jun 30, 2025 · 08:21 PM [HONG KONG] US-based infrastructure investment firm I Squared Capital has withdrawn plans to make a takeover offer for Hong Kong’s HKBN, the broadband operator said on Monday (Jun 30), as a competing bid backed by a state-owned entity takes centre stage. The announcement comes over a month…
Read MoreSingapore shares buck regional rally, STI dips 0.1%
Wilmar International’s shares still under pressure, hit a 52-week low at market’s close; OKP and Keong Hong both at 52-week highs [SINGAPORE] Singapore shares started the week closing slightly lower, bucking the trend elsewhere in the Asia-Pacific, which rode on a record-breaking session on Wall Street last Friday. The Straits Times Index (STI) was 0.1…
Read MoreUBS kicks off share buyback programme of up to US$2 billion
Published Mon, Jun 30, 2025 · 04:13 PM [ZURICH] UBS Group is launching a programme to repurchase as much as US$2 billion worth of its own shares, it said in a release on Monday (Jun 30). The buyback is expected to kick off on July 1, it said, adding that the plan had been previously…
Read MoreChina shows off tech resilience in face of trump export controls
[BEIJING] As Donald Trump brandishes US export controls on technology as a bargaining chip to wrest supplies of rare earth magnets from Beijing, China is showcasing what it can do without the most advanced American semiconductors. On a government-organised trip this month to Jiangsu and Zhejiang, two of China’s richest provinces that spawned artificial intelligence…
Read MoreIndia’s Adani Enterprises plans public bond sale
Published Mon, Jun 30, 2025 · 12:12 PM [MUMBAI] Indian billionaire Gautam Adani’s flagship company aims to raise 10 billion rupees (S$149.1 million) through the sale of retail bonds, and has filed a draft prospectus for the issue, according to statements on stock exchanges. This will be the second time within a year that Adani…
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