Posts by Mark Darwin
Taiwan imposes technology export controls on Huawei, SMIC
Taiwan has blacklisted Huawei Technologies and Semiconductor Manufacturing International Corp (SMIC), dealing another major blow to the two companies spearheading China’s efforts to develop cutting-edge AI chip technologies. Taiwan’s International Trade Administration has included Huawei, SMIC and several of their subsidiaries in an update of its so-called strategic high-tech commodities entity list, according to the…
Read MoreUS dollar’s tepid rebound reinforces questions around haven role
The US dollar’s muted rally against major peers after Israel’s strikes on Iran reinforced the impression that the greenback’s role as a global haven currency is fading. A Bloomberg gauge of the US dollar gained as much as 0.6 per cent at one point on Friday (Jun 13) after Israel’s attacks on Iranian nuclear facilities…
Read MoreThe low-cost carriers that have taken to Singapore skies
[SINGAPORE] News of the impending shutdown of Jetstar Asia, with the loss of more than 500 jobs, has sent shockwaves through the aviation sector. Comments on social media site Reddit lamented the budget carrier’s closure as it was the only airline that plied between Singapore and the holiday destinations of Okinawa in Japan, Wuxi in…
Read MoreDBS, OCBC, UOB lead weekly buyback consideration tally
[SINGAPORE] Over the five trading sessions from Jun 6 to 12, institutions were net sellers of Singapore stocks with net institutional outflow of S$80 million, following the S$32 million net outflow from the preceding five sessions. This took the net institutional outflow for 2025 to Jun 12 to S$1.84 billion. Institutional flows Over the five…
Read MoreDebt to decarbonisation: challenges for Nippon Steel
[TOKYO] Nippon Steel on Saturday (Jun 14) touted a “historic partnership” with US Steel after US President Donald Trump approved a multi-billion-dollar merger. But the Japanese giant faces numerous headwinds going forward. Here are some of the challenges facing the company, from trade tariffs to lacklustre global demand: US conditions Nippon Steel and US Steel…
Read MoreMusk pins Tesla’s comeback on robotaxis after retreat from feud
TESLA already had a lot riding on its highly anticipated robotaxi launch long before Elon Musk decided to swing a wrecking ball through his alliance with US President Donald Trump – and the company’s share price. Now investors are looking for a win that can help repair the brand damage and shift Tesla back into growth mode. Musk said Tesla…
Read MoreBlackstone said to be in talks to buy embattled Allegiant resort
Published Sun, Jun 15, 2025 · 08:00 AM BLACKSTONE is in talks to purchase Allegiant Travel’s Sunseeker resort, moving the parent of Allegiant Airlines closer to shedding the beleaguered retreat that had been a drag on earnings, according to people with knowledge of the matter. The two companies are still negotiating and talks could fall…
Read MoreTrump said Nippon-US Steel deal has resolvable national security risk
US PRESIDENT Donald Trump said on Friday (Jun 13) that concerns over national security risks posed by Nippon Steel’s US$14.9 billion bid for US Steel can be resolved if the companies fulfill certain conditions that his administration has laid out, paving the way for the deal’s approval. Shares of US Steel rose 3.5 per cent…
Read MoreWhy Hawkfest Will Be the Event You Can’t Miss
I’m excited to announce that Hawkfest is going to be absolutely incredible this year. Unlike some other events that promise big but deliver small (looking at you, Fyre Festival), we’re creating an experience that will happen as advertised—and exceed your expectations. The digital marketing and entrepreneurship landscape is filled with conferences and events, but Hawkfest…
Read MoreUS: Stocks fall as investors pare risk on Middle East clash
Published Sat, Jun 14, 2025 · 06:03 AM [NEW YORK] Wall Street stocks finished sharply lower Friday (Jun 13) as Iran launched counterstrikes in response to an Israeli siege, leaving most non-petroleum equities lower. While oil producers and service companies rallied with oil prices, major indices spent the entire session in the red as investors…
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