Posts by Mark Darwin
Top India dealmakers earn 37% more than Singapore peers
Published Tue, Jun 10, 2025 · 05:40 PM [NEW DELHI] Senior dealmakers in India are earning more than their counterparts in Singapore and Hong Kong, according to Bloomberg Intelligence, as global firms boost pay to attract top talent in the world’s fastest-growing major economy. Heads and directors at investment banks in the South Asian nation’s…
Read MoreDBS raises DFI Retail Group Holding’s target price, citing strong potential to grow earnings
[SINGAPORE] DBS bank on Monday (Jun 9) raised its target price for DFI Retail Group from US$3 to US$3.60 and maintained its “buy” rating, citing a stronger and more focused business strategy. This represents an upside of 28.6 per cent from the DFI’s previous closing price of US$2.80 on Monday (Jun 9). The bank analysts…
Read MoreBank of Japan vows to keep raising rates if underlying inflation accelerates
Published Tue, Jun 10, 2025 · 10:57 AM [TOKYO] Bank of Japan Governor Kazuo Ueda on Tuesday stressed anew the central bank’s readiness to keep raising interest rates if underlying inflation approaches its 2 per cent target. The BOJ has said underlying inflation, or demand-driven price pressure measured by various indicators, remains short of its…
Read MoreHuawei chips are one generation behind US but firm is finding workarounds: CEO
Published Tue, Jun 10, 2025 · 10:00 AM [BEIJING] Huawei Technologies’ chips are one generation behind those of US peers but the firm is finding ways to improve performance through methods such as cluster computing, Chinese state media quoted CEO Ren Zhengfei as saying on Tuesday. The chipmaker invests 180 billion yuan (S$32.3 billion) in…
Read MoreNew Zealand finance minister would like RBNZ to return to eight meetings a year
Published Tue, Jun 10, 2025 · 06:53 AM [WELLINGTON] New Zealand’s Finance Minister Nicola Willis said on Tuesday that she would like New Zealand’s central bank monetary policy committee to meet more frequently raising concern about lengthy gap between meetings in summer. “Ultimately, the decision about how often the Monetary Policy Committee meets is a…
Read MoreUS: Wall Street opens higher as US-China trade talks begin
Published Mon, Jun 9, 2025 · 09:44 PM WALL Street’s main indexes opened higher on Monday as investors watched a fresh round of negotiations between the United States and China aimed at mending a trade rift that has rattled financial markets for much of the year. The Dow Jones Industrial Average rose 23.3 points, or…
Read MoreKim Heng inks deal with Singapore Energy Interconnections on submarine power projects
This comes after Singapore Energy Interconnections’ other project to enable low-carbon electricity imports from Indonesia to Singapore [SINGAPORE] Offshore marine services contractor Kim Heng has inked an agreement with a newly incorporated government-linked energy company to cooperate in submarine power projects, the Catalist-listed company said in a bourse filing said on Monday (Jun 9). Kim…
Read MoreHong Kong to maintain US dollar peg despite geopolitical tensions
Published Mon, Jun 9, 2025 · 03:02 PM [SHANGHAI] Hong Kong will maintain its currency peg to the US dollar, the financial hub’s leader said in an interview published on Monday (Jun 9), despite escalating geopolitical tensions and some calls to shift to a Chinese yuan peg. The Hong Kong dollar has experienced sharp volatility…
Read MoreBank of England risks repeat of Brexit pessimism as growth signals diverge
[LONDON] Bank of England (BOE) rate-setters risk underestimating the strength of the UK economy by placing too much faith in downbeat business surveys over official growth data. Governor Andrew Bailey revealed last week he is putting more emphasis on indicators such as S&P Global’s purchasing managers’ index, warning that “we have had more volatile, short-run…
Read MoreIncome Insurance chairman Ronald Ong to retire from role after seven years at helm
[SINGAPORE] Income Insurance chairman Ronald Ong will retire from his role after seven years at the helm, the company announced on Monday (Jun 9). The board has begun a succession process to appoint a new chairman and further details will be shared at the upcoming annual general meeting on Jun 24, the company said in…
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