Posts by Mark Darwin
SoftBank and OpenAI’s Stargate aims building small data centre by year-end: WSJ
Published Tue, Jul 22, 2025 · 09:46 AM STARGATE, a multi-billion-dollar effort by ChatGPT’s creator OpenAI, SoftBank and Oracle to supercharge the US’ AI ambitions is now setting the more modest goal of building a small data centre by the end of the year, likely in Ohio, the Wall Street Journal reported on Monday. In…
Read MoreStocks to watch: Singtel, CapitaLand Investment, GHY Culture, Dasin Retail Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 22): Singtel: Its wholly owned subsidiary Singtel Optus on Monday priced S$160 million in fixed-rate notes due Jul 25, 2035, at 2.726 per cent. The notes, guaranteed by Optus and certain subsidiaries, will be issued on Jul 25…
Read MoreChina says Wells Fargo banker ‘involved’ in criminal case
[BEIJING] China said the case of a Wells Fargo banker blocked from leaving the country was related to a criminal matter, escalating an episode that already underscored global firms’ fears about operating in the nation. “Mao Chenyue is involved in a criminal case currently being handled by Chinese law-enforcement authorities and is subject to exit…
Read MoreUS dollar slips against euro but maintains weekly gains
[NEW YORK] The US dollar slipped against the euro on Friday (Jul 18) but held on to weekly gains, as investors weighed expected Federal Reserve policy amid signs that tariffs may be starting to increase some inflation pressures and as US President Donald Trump continued to criticise Chair Jerome Powell. Data last Tuesday showed that…
Read MoreTrump tariffs to decimate China profits: Bloomberg Economics
Most of China’s industries can’t survive US President Donald Trump’s tariffs at current levels, according to a new analysis by Bloomberg Economics (BE). Tariffs now set at roughly 40 per cent compare with average industrial profit margins of about 14.8 per cent in 2024. That gap could prompt more intense price cuts, weakening profits, and…
Read MoreTrump tariffs to decimate China profits: analysis
Most of China’s industries cannot survive US President Donald Trump’s tariffs at current levels, according to a new analysis by Bloomberg Economics (BE). Tariffs now set at roughly 40 per cent compare with average industrial profit margins of about 14.8 per cent in 2024. That gap could prompt more intense price cuts, weakening profits, and…
Read MoreThird-Party Validation: The Secret Weapon for Business Growth
Success in business isn’t just about what you know—it’s about who knows you. I discovered this firsthand during the early days of Hawke Media when a simple Forbes article became the catalyst that transformed my company’s trajectory.When you’re starting out, potential clients have no reason to trust you. You’re unproven, unknown, and competing against established…
Read MoreG20 finance chiefs back central bank independence in first communique since October
[DURBAN, South Africa] Finance chiefs from the Group of 20 countries stressed the importance of central bank independence while pledging to boost cooperation in a communique they issued on Friday after a two-day meeting in South Africa. In their first communique since last October, a month before US President Donald Trump’s election victory paved the…
Read MoreUS: Stocks mixed as indexes struggle to retain record highs
Published Sat, Jul 19, 2025 · 06:09 AM [NEW YORK] Wall Street stocks closed mixed on Friday, with the S&P 500 and Nasdaq struggling to log significant gains as investors awaited further corporate results and remarks by the Federal Reserve chair next week. The Dow Jones Industrial Average slumped by 0.3 per cent to 44,342.19, while the…
Read MoreSingapore shares end week on high; STI up 0.7%
Across the broader market, advancers outnumber decliners 430 to 147, after 2.2 billion securities worth S$1.6 billion change hands [SINGAPORE] The benchmark Straits Times Index (STI) capped a week-long rally to touch a new high on Friday (Jul 18). The STI rose 0.7 per cent or 28.07 points to close at 4,189.50, after hitting an…
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