Posts by Mark Darwin
Apple to rebrand its device operating systems to mark major overhaul
[LOS ANGELES] Apple is planning the most sweeping change yet to its operating system names, part of a software overhaul that extends to all its devices. The next Apple operating systems will be identified by year, rather than with a version number, according to sources with knowledge of the matter. That means the current iOS…
Read MoreHP plunges after cutting profit outlook on tariffs, economy
[SEATTLE] HP dropped about 15 per cent in extended trading after the company’s profit outlook fell short of estimates and it cut the annual earnings forecast, pointing towards a weaker economy and continuing costs from US tariffs on goods from China. Earnings, excluding some items, will be 68 US cents to 80 US cents a…
Read Moremm2 Asia to sell 21.02% of its stake in subsidiary Vividthree to PE fund for S$1.7 million
[SINGAPORE] Mainboard-listed media company mm2 Asia on Wednesday (May 28) entered into a sale and purchase agreement with private equity fund Hildrics Asia Growth Fund VCC to dispose of 21.02 per cent of its stake in subsidiary Vividthree Holdings for S$1.7 million. mm2 Asia currently holds about 29.9 per cent of the total issued and…
Read MoreSingapore shares buck regional trend; STI up 0.4%
[SINGAPORE] Shares on the Singapore bourse ended higher on Wednesday (May 28), even as other regional markets languished in the red. In Singapore, the benchmark Straits Times Index (STI) rose 0.4 per cent or 15.83 points to 3,911.92. Across the broader market, advancers edged out decliners 233 to 224, after 1.2 billion securities worth S$1.2…
Read MoreNissan offers buyouts to US workers, halts global pay rises, internal e-mails show
[TOKYO] Japan’s Nissan has started offering buyouts to US workers and has suspended merit-based wage increases worldwide, internal e-mails reviewed by Reuters showed, as the automaker expands cost cuts amid weak performance in key markets. CEO Ivan Espinosa announced a new round of cost cuts this month that include closing seven production sites globally and…
Read MoreChina’s answer to World Bank could open Singapore, HK offices: sources
[BEIJING] The Asian Infrastructure Investment Bank is looking to open new offices in Hong Kong and Singapore, according to people familiar with the matter, in a plan that would mark its biggest expansion since beginning operations in Beijing almost a decade ago. The multilateral lender, which had more than US$57 billion in assets at the…
Read MoreChina plans commodities overhaul to attract global investors
CHINA is on the cusp of its biggest move yet to open up its vast commodities markets, after the Shanghai Futures Exchange (SHFE) unveiled an internationalisation plan to streamline access for overseas investors. The country’s biggest raw materials bourse is soliciting views on a proposal to let participants post foreign exchange as collateral for yuan-denominated…
Read MoreTencent Music buys SM Entertainment stake in K-pop bet
[SEOUL] A Tencent Holdings subsidiary is snapping up a nearly 10 per cent stake in SM Entertainment valued at about US$180 million, marking a rare Chinese investment into a South Korean company in recent years. Tencent Music Entertainment Group, which is controlled by Tencent, will buy the stake from BTS agency Hybe, which is selling…
Read MoreUS warns Pirelli risks restrictions due to Chinese investor
[MILAN] The US government warned Italy’s Pirelli & C that vehicles containing its advanced sensors technology could be restricted from sale in America due to concerns over the influence of the tiremaker’s Chinese investor. The informal advisory, outlined in a letter dated Apr 25 by the Commerce Department’s Bureau of Industry and Security – known…
Read MoreNew Zealand central bank cuts cash rate by 25 bps
Published Wed, May 28, 2025 · 10:39 AM [WELLINGTON] New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 3.25 per cent on Wednesday, as policymakers sought to revive a struggling economy and buffer it from the impact of global trade disruptions. The decision was in line with a Reuters…
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