Posts by Mark Darwin
Oil soars more than 9% after Israel strikes Iran, rattling investors
OIL prices surged more than 9 per cent on Friday, hitting their highest in almost five months after Israel struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies. Brent crude futures jumped US$6.29, or 9.07 per cent, to US$75.65 a barrel by 0315 GMT after hitting an intraday…
Read MoreStocks to watch: SIA, Boustead, Ban Leong
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 13). Singapore Airlines (SIA): An Air India plane bound for London crashed moments after taking off from the city of Ahmedabad on Thursday and more than 240 casualties have been reported, authorities said. The Boeing 787-8 Dreamliner, with…
Read MoreGoogle says it has resolved global service outage impacting multiple platforms
Published Fri, Jun 13, 2025 · 07:03 AM ALPHABET’S Google said on Thursday it had resolved a brief global service disruption on its platforms that affected multiple services such as music streamer Spotify and instant messaging provider Discord. “The issue with Google Chat, Google Meet, Gmail, Google Calendar, Google Drive, Google Cloud Search, Google Tasks,…
Read MoreUS stocks close higher as bond yields retreat
Published Fri, Jun 13, 2025 · 06:11 AM [NEW YORK] Wall Street stocks finished higher on Thursday following a choppy session as markets weighed worries about US trade tariffs with benign inflation data and a positive Treasury bond auction. Data showed that US wholesale prices rose 0.1 per cent last month, a modest uptick that shows no…
Read MoreBoustead Singapore reviews assets for potential sale to Reit for listing
No certainty that any transaction will materialise as a result of this process, says the engineering and technology group [SINGAPORE] Boustead Singapore is conducting strategic reviews for the sale of its stake in some of its logistics and industrial real estate assets to a real estate investment trust, to be listed on the Mainboard of…
Read MoreDamage is done: China exports to US in May see biggest drop since Covid as trade flows reroute to Asean
[SINGAPORE] While the US and China seemed to have avoided a devastating economic conflict with a framework agreement on Wednesday (Jun 11) after two days of intense negotiations, damage to the world’s richest trading relationship has already been done. Based on figures from Trade Data Monitor, Chinese shipments to the US in May plummeted 34.4…
Read MoreDamage is done: China exports to US in May crash most since Covid as trade flows reroute to Asean
[SINGAPORE] While the US and China seemed to have avoided a devastating economic conflict with a framework agreement on Wednesday (Jun 11) after two days of intense negotiations, damage to the world’s richest trading relationship has already been done. Based on figures from Trade Data Monitor, Chinese shipments to the US in May plummeted 34.4…
Read MoreDamage is done: China exports to US in May see biggest drop since Covid as trade flows reroute to Asean
[SINGAPORE] While the US and China seemed to have avoided a devastating economic conflict with a framework agreement on Wednesday (Jun 11) after two days of intense negotiations, damage to the world’s richest trading relationship has already been done. Based on figures from Trade Data Monitor, Chinese shipments to the US in May plummeted 34.4…
Read MoreDeutsche Bank’s deal-making business weaker than expected, CEO says
He says deals will be delayed, not cancelled, on the back of the US’ tariff policies Published Thu, Jun 12, 2025 · 05:59 PM [FRANKFURT] Deutsche Bank’s origination and advisory business is not as strong as the German bank had expected, with companies postponing decisions due to the US’ tariff policies, the bank’s chief executive…
Read MoreSingapore needs to embrace Bitcoin to maintain status as financial hub: Jeremy Tan
[SINGAPORE] Singapore needs to welcome Bitcoin-related businesses to maintain its status as a global financial hub, said retired businessman Jeremy Tan at an event on Wednesday (Jun 11). The 34-year-old rose to prominence last month during the general election as one of just two independent candidates, pulling in 36.16 per cent of the votes in…
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