Posts by Mark Darwin
Group CEO Ng Chin Siau increases his stake in Q & M
[SINGAPORE] Over the five trading sessions from May 30 to June 5, institutions were marginal net sellers of Singapore stocks, with net institutional outflow of S$32 million compared to net outflow of S$2 million for the preceding five sessions. This keeps the net institutional outflow for 2025 to June 5 at S$1.76 billion. The stocks…
Read MoreKeppel DC Reit set to join STI from Jun 23
[SINGAPORE] Following the Straits Times Index’s (STI) June quarterly review, Keppel DC Reit will be entering the index, replacing Jardine Cycle & Carriage, effective from Jun 23. This increases the total number of S-Reits in the index to eight. The eight S-Reits in the STI will be: CapitaLand Ascendas Reit, CapitaLand Integrated Commercial Trust, Frasers…
Read MoreUS: Stocks rebound on jobs data relief, US-China talks
[WASHINGTON] Wall Street stocks bounced on Friday as solid US employment data helped stave off concerns of an imminent downturn, while President Donald Trump’s announcement that US and Chinese officials would soon meet added to optimism. The Dow Jones Industrial Average was up 1.1 per cent to 42,762.87, while the broad-based S&P 500 Index added 1.0 per…
Read MoreUBS faces tough new Swiss banking sector rules
[BERN] The Swiss government on Friday (Jun 6) proposed stricter rules for UBS following its takeover of Credit Suisse, which could make it hold US$26 billion more in core capital, confirming some of the bank’s worst fears about incoming new regulations. The key proposal, which the bank would have six to eight years to prepare…
Read MoreStonepeak said to be in exclusive talks for RM9 billion buyout of Yinson
Published Fri, Jun 6, 2025 · 08:30 PM STONEPEAK Partners is in exclusive talks for a buyout of Yinson Holdings that may value the firm at as much as RM9 billion (S$2.73 billion), according to people with knowledge of the matter, in what could be one of the biggest deals in Malaysia this year. New…
Read MoreProcter & Gamble’s job cuts raise questions over possible impact on 2,300 staff and operations in Singapore
[SINGAPORE] Procter & Gamble (P&G) has so far stayed silent about how its planned reduction of about 15 per cent of its global non-manufacturing workforce over the next two years will affect its operations in Singapore. The consumer goods giant had on Thursday (Jun 5) announced at a Deutsche Bank conference in Paris that it…
Read MoreHello Kitty owner overtakes Toyota in stock turnover
Shares of Sanrio, which was added to MSCI’s Japan index last month, jumped 12% in May Published Fri, Jun 6, 2025 · 05:45 PM [TOKYO] Hello Kitty owner Sanrio surpassed Japan’s biggest company Toyota Motor in stock turnover last month on the firm’s inclusion to the MSCI index and its perceived resilience to tariff risks.…
Read MoreJapan curry shops see record bankruptcies as rice prices soar
Thirteen curry shops with more than 10 million yen (S$89,345) in debt filed for bankruptcy in the year ending in March Published Fri, Jun 6, 2025 · 03:27 PM [TOKYO] A record number of curry shops in Japan went out of business in the past year, as purveyors of one of the country’s most beloved…
Read MoreContainer shipping rates soar, impact on shippers outside China felt
[SINGAPORE] Sea cargo rates have surged, with those for the voyage from Shanghai to the US particularly steep, fuelled by pent-up demand and front-loading as shippers rush to beat the US-China trade truce expiry. However, the uncertainty on where the market heads from here has been flagged by analysts, given that new capacity has been…
Read MoreIndia focuses on growth with larger-than-expected 50 bps cut in key rate; slashes reserve ratio
[MUMBAI] The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday, a third consecutive reduction, and slashed the reserve ratio for banks as muted inflation provided space for policymakers to focus on supporting economic growth. The Monetary Policy Committee (MPC), which consists of three RBI officials…
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