Posts by Mark Darwin
Singapore shares rise on Israel-Iran ceasefire; STI up 0.7%
[SINGAPORE] Local shares ended higher on Tuesday (Jun 24), tracking a rally on Wall Street after the US brokered a ceasefire in the conflict between Israel and Iran. The benchmark Straits Times Index (STI) gained 0.7 per cent or 25.04 points to 3,904.3. Across the broader market, gainers outnumbered losers 346 to 174, after 1.2 billion…
Read MoreCiti appoints Nathan Swami as new head of markets for Singapore
He has more than 17 years of experience working with the bank in Singapore, primarily within the Apac trading division [Singapore] Citi on Tuesday (Jun 24) named its head of foreign exchange (FX) trading Nathan Swami as the new head of markets for Singapore. He will succeed Smith Smithangura, who served as head of markets…
Read MoreAsia: Stocks up as Trump announces Iran-Israel ceasefire
[TOKYO] Asian shares gained and oil prices were down on Tuesday, as fears of an energy market shock eased following US President Donald Trump’s announcement of a ceasefire between Iran and Israel. Investors were relieved that Iran did not retaliate to a US attack on its nuclear facilities by throttling oil transport through the strategic…
Read MoreAcrophyte Hospitality Trust mulls suspending or reducing distributions under strategy review
The manager says it faces challenges in funding the capital expenditures that many of its properties require [SINGAPORE] The managers of Acrophyte Hospitality Trust are considering temporarily suspending or reducing distributions, equity fundraising or a portfolio recalibration through brand repositioning among other options as part of its ongoing strategy review for the hospitality stapled group.…
Read MoreTesla sued over Model S crash that killed three in New Jersey
TESLA was sued on Monday by the estates of three people killed last September when their 2024 Model S equipped with Autopilot and Full Self-Driving features crashed on New Jersey’s Garden State Parkway. The wrongful death lawsuit filed in the federal court in Camden, New Jersey, attributed the deaths of David Dryerman, 54; his wife…
Read MoreOil settles down 7% after Iran attacks US military base in Qatar, not tankers
[HOUSTON] Oil prices settled down more than 7 per cent on Monday, losing more than US$5 a barrel after Iran took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz, but instead attacked a US military base in Qatar in retaliation for US attacks on its nuclear facilities. Brent crude futures closed down…
Read MoreAirlines weigh Middle East cancellations after US strikes in Iran
[NEW YORK/SEOUL] Airlines on Monday (Jun 23) were weighing how long to suspend Middle East flights as a conflict which has already cut off major flight routes entered a new phase after the US attacked key Iranian nuclear sites and Teheran vowed to defend itself. Cancellations in recent days to usually resilient aviation hubs like…
Read MoreJapanese ships transiting Strait of Hormuz to minimise time in Gulf
Published Mon, Jun 23, 2025 · 01:11 PM [TOKYO] Japan’s Nippon Yusen and Mitsui O.S.K. Lines said on Monday they have instructed their vessels to minimise the time spent in the Gulf as they continue to transit the Strait of Hormuz following the US strikes on Iranian nuclear facilities. The shipping companies said they are…
Read MoreAsia: Market trade lower; oil prices spike after US strikes on Iran
[TOKYO] Oil prices surged and Asian markets traded lower on Monday on concerns of disruption to energy markets after US air strikes on Iran’s nuclear facilities. The dollar strengthened as traders assessed the weekend’s events, with Iran threatening US bases in the Middle East as fears grow of an escalating conflict in the volatile region.…
Read MoreCordlife to hold townhalls for affected clients of damaged and high-risk tanks in Singapore
[SINGAPORE] Private cord-blood bank Cordlife announced on Monday (Jun 23) that it will begin holding a series of in-person and online townhalls this week with affected customers from the damaged and high-risk tanks. The townhalls aim to explore and put forward possible ways to enhance support and expand the coverage for these affected customers in…
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