Posts by Mark Darwin
US: Wall St opens higher as oil prices ease, Fed meeting in focus
Published Mon, Jun 16, 2025 · 09:43 PM [NEW YORK] Wall Street’s main indexes opened higher on Monday (Jun 16) as easing oil prices supported sentiment despite ongoing attacks between Israel and Iran, while investors focused on the upcoming Federal Reserve meeting. The Dow Jones Industrial Average rose 102.3 points, or 0.24 per cent, at…
Read MoreOpec sees solid second-half of 2025 for world economy, trims 2026 supply
Published Mon, Jun 16, 2025 · 08:43 PM [LONDON] Opec on Monday (Jun 16) said it expected the global economy to remain resilient in the second half of this year despite concerns about trade conflicts and trimmed its forecast for growth in oil supply from producers outside the wider Opec+ group in 2026. In a…
Read MoreTrump family in phone service licensing deal, touts a US$499 device
[NEW YORK] Donald Trump’s family business licenced its name to launch a US mobile service and a US$499 smartphone on Monday (Jun 16), calling it Trump Mobile, in the latest deal brokered by the president’s children to capitalise on his last name while he is in office. The new mobile venture, announced at Trump Tower…
Read MoreApple risks fresh EU charge sheet over App store curbs
[BRUSSELS] Apple is edging towards another charge sheet from European Union antitrust watchdogs unless it quickly fixes alleged violations of a new digital law that led to a 500-million euro (S$741.2 million) fine earlier this year. With the clock running down on a deadline that elapses on Jun 26, officials are prepared to hand the…
Read MoreTotalEnergies raises Malaysian gas stake in partnership with Petronas
Published Mon, Jun 16, 2025 · 05:12 PM [KUALA LUMPUR/PARIS] French energy giant TotalEnergies has acquired further stakes in Malaysian gas assets from the country’s national producer Petronas, CEO Patrick Pouyanne said on Monday (Jun 16). The French energy company has been expanding its presence in gas in Asia, where it sees greater potential for…
Read MoreDBS to add 100 wealth bankers in Hong Kong as clients trade more
DBS’s Hong Kong wealth revenue grew 86% in the first quarter from the corresponding period in 2023 Published Mon, Jun 16, 2025 · 04:25 PM [HONG KONG] DBS Group Holdings, Singapore’s largest lender, is planning to recruit 100 bankers catering to the rich in Hong Kong over the next three years with clients having more…
Read MoreCompetition watchdog flags Agoda’s Singapore website, mobile app for potentially misleading features
[SINGAPORE] Singapore’s competition watchdog has raised concerns with Agoda over several design features on its Singapore website and mobile application that were found to be potentially misleading. A number of these concerns related to how the presentation and ranking of the search results on Agoda failed to reflect that they were influenced by money that…
Read MoreNippon Steel shares rise after Trump approves US$14.9 billion US Steel bid
[TOKYO] Nippon Steel shares rose on Monday after US President Donald Trump approved its US$14.9 billion bid for US Steel, clearing a key hurdle in its 18-month pursuit and securing access to a vital market for its growth strategy. The approval capped a tumultuous process marked by union resistance and two national security reviews. Shares…
Read MoreLeonard Lauder, billionaire heir to cosmetics empire, dies at 92
[WASHINGTON] Leonard Lauder, who built Estee Lauder into one of the world’s biggest cosmetics makers and catapulted himself into the top echelon of wealthiest New Yorkers, has died. He was 92. Lauder died on Jun 14 surrounded by family, according to a statement by Estee Lauder. In almost 40 years running the New York-based company…
Read MoreSome SGX-listed energy stocks surge as oil prices rally on Israel-Iran conflict
[SINGAPORE] Shares of oil and gas companies listed on the Singapore Exchange (SGX) such as Rex International and RH PetroGas rose by more than 6 per cent at the market open on Monday (Jun 16). This comes on the back of global crude oil prices surging amid escalating conflict in the Middle East between Iran…
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