Posts by Mark Darwin
India’s private market boom set to continue, as investors keep shunning China
[SINGAPORE] A surge in the value of private equity (PE) deals signed in India in the first half of this year, coupled with the inking of the country’s biggest private credit transaction, are adding fuel to a hot private market. With investors still keeping away from China, traditionally the largest Asian private market, the strong…
Read MoreSingapore shares continue winning streak; STI up 0.7%
The benchmark index reaches a high for a fourth consecutive trading day at 4,161.43 [SINGAPORE] The benchmark Straits Times Index (STI) extended its winning streak on Thursday (Jul 17), tracking gains in regional markets. The STI rose 0.7 per cent or 29.18 points to close at 4,161.43 – reaching a high for a fourth consecutive…
Read MoreVolvo Car posts US$1 billion loss over impairment, tariffs
The automaker’s retail sales plunged 12% to 181,600 vehicles in the second quarter Published Thu, Jul 17, 2025 · 04:06 PM [STOCKHOLM] Volvo Car posted a US$1.03 billion operating loss in the second quarter, hit by a previously announced impairment charge over model delays and the escalating cost of tariffs. The automaker’s retail sales plunged…
Read MoreTSMC profit surges again after AI drives big jump in sales
The company’s performance underscores resilient demand for high-end artificial intelligence chips from the likes of Nvidia and Advanced Micro Devices, which is outpacing its production capacity Published Thu, Jul 17, 2025 · 02:22 PM [TAIPEI] Taiwan Semiconductor Manufacturing Company (TSMC) reported a better-than-expected 61 per cent jump in profit for the June quarter, bolstering confidence…
Read MoreTrek 2000 divests stake in Terrenus Energy valued at around S$8.2m
The shares are currently held as investment and do not generate any income or revenue for FY2024 [SINGAPORE] Technology provider Trek 2000 International announced on Thursday (Jul 17) that it will be disposing of its 4.3 per cent stake in Terrenus Energy back to the renewable energy solutions provider, with the net proceeds to be…
Read MoreCompanies look to AI to enable financial resilience amid global volatility: DBS survey
[SINGAPORE] Businesses around the world are rethinking long-term strategies as volatility rises, with generative artificial intelligence (Gen AI) tools of particular interest, based on a global survey by DBS released on Wednesday (Jul 16). With companies polled in two batches – before and after the so-called “Liberation Day” US tariffs in April – data-driven financial…
Read MoreChinese shipyards’ market share falls to 52% amid US port fees concerns, says Bimco
[SINGAPORE] The market share of Chinese shipyards dropped by almost a third from January to June this year amid concerns about upcoming fees on Chinese ships entering US ports, shipping trade body Bimco said. However, China is unlikely to be unseated from its leading position in the near future because of capacity constraint elsewhere as…
Read MoreAmara announces it will delist from SGX mainboard on Jul 21
[SINGAPORE] Hotel and property group Amara Holdings announced on Thursday (Jul 17) that it will be officially delisted from the mainboard of the Singapore Exchange as at 9 am on Jul 21. On Jun 10, Amara’s privatisation offer had succeeded, where valid acceptances amounted to close to 97.8 per cent of the total shares. The…
Read MoreAsia: Stocks struggle as traders eye Fed saga, trade war
[HONG KONG] Asian markets fluctuated on Thursday after a rollercoaster day on Wall Street punctuated by fears Donald Trump was considering sacking the head of the US Federal Reserve. Traders have walked a cautious line this week as they ascertain the trade outlook after the US president unveiled a flurry of fresh tariff threats, with…
Read MoreThailand seeks ways to curb gold price impact on currency
[BANGKOK] Thailand’s central bank and the finance ministry are discussing ways to address currency moves that are not aligned with fundamental factors, including the impact of gold prices, according to a deputy governor. Gold prices are among the non-fundamental factors affecting the baht’s movement and authorities are looking at ways to reduce the correlation between…
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