Posts by Mark Darwin
Oil settles up as US, China teams to meet following Trump, Xi trade call
[HOUSTON] Oil prices settled higher on Thursday, recovering from the previous day’s drop, on news that the US and China agreed to more trade talks following a phone call between US President Donald Trump and Chinese leader Xi Jinping. Brent crude futures settled up 48 cents, or 0.7 per cent, at US$65.34 a barrel. US West…
Read MoreBreaking Free from the People-Pleasing Trap
Growing up as the fat kid who would do anything to fit in shaped my identity in ways I never fully understood until much later in life. This early experience turned me into what I can only describe as an “incessant people pleaser” – someone who prioritized others’ approval above my own needs and happiness.…
Read MoreUS: Stocks slump as Tesla shares tank on Trump-Musk row
[WASHINGTON] Wall Street stocks tumbled on Thursday as a row between US President Donald Trump and Tesla boss Elon Musk erupted – with the electric vehicle firm’s share price tumbling around 14 per cent. The Dow Jones Industrial Average slumped 0.3 per cent to 42,319.74 and the broad-based S&P 500 Index lost 0.5 per cent to 5,939.30.…
Read MoreApple gives Tata India iPhone repair business as partnership expands: sources
[BENGALURU] Apple has brought in Tata Group to handle repairs for iPhones and MacBook devices in its fast-growing Indian market, signalling the Indian conglomerate’s deepening role in the US tech giant’s supply chain, two people familiar with the matter said. As Apple looks beyond China for manufacturing, Tata has fast emerged as its key supplier…
Read MoreProcter & Gamble to cut 7,000 jobs over two years in new restructuring plan
[OHIO] Procter & Gamble said on Thursday (Jun 5) it would cut 7,000 jobs, or about 6 per cent, of its total workforce over the next two years, as the Tide detergent maker navigates uneven demand due to tariff uncertainty. P&G also plans to exit some categories, brands and product forms in individual markets, executives…
Read MoreAppeals Court partially allows Goh Jin Hian’s appeal, finds he did not breach duty by not probing IPP’s red flags
[SINGAPORE] The Court of Appeal has partially allowed an appeal by Goh Jin Hian against having to pay damages for breaching his duty of care as a then-director of the insolvent marine fuel supplier, Inter-Pacific Petroleum (IPP). The court ruled on Thursday (Jun 5) that Goh had breached his duty of care as a result…
Read MoreIndia central bank set to deliver third straight rate cut to lift growth
[NEW DELHI] India’s central bank will likely cut interest rates for the third straight meeting to boost growth, with market watchers focused on the extent of easing in this cycle. The Reserve Bank of India will lower the benchmark repurchase rate by 25 basis points to 5.75 per cent, according to all but one of…
Read MorePeter Kwee, son and firm sued for over S$71 million over insolvency of Laguna club operator
[SINGAPORE] Motoring tycoon Peter Kwee has been sued – along with his 55-year-old son Kevin and their firm Laguna Hotel Holdings – for allegedly wrongfully and fraudulently extracting and transferring value out of Laguna National Golf and Country Club to enrich themselves. For their alleged wrongdoing including the Kwees’ breach of fiduciary duties, Laguna National…
Read MoreDBS, UOB back 6.7 trillion rupiah loan facility for data centre campus in Batam’s Nongsa Digital Park
[SINGAPORE] DBS and UOB have jointly provided a 6.7 trillion rupiah (S$530 million) loan facility to finance the development of a new data centre campus in Batam, Indonesia. The project is jointly developed by DayOne, a Singapore-based data centre developer and operator, and the Indonesia Investment Authority, the country’s sovereign wealth fund. It will fund…
Read MoreLaopu Gold’s 2,300% rally faces test after stock hits HK$1,000
A BREATHTAKING rally in Laopu Gold is facing a critical test after its stock price hit HK$1,000 (S$164), a rare milestone that may deter retail investors due to the steep price tag. The jewellery maker soared more than 2,300 per cent since its listing in late June 2024 to set a new record earlier on…
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