Posts by Mark Darwin
Gold stages rebound as US dollar, Treasury yields slip
Published Wed, May 28, 2025 · 09:38 AM [BENGALURU] Gold prices gained on Wednesday (May 28), helped by a slight retreat in the US dollar and lower US bond yields as investors await a US core Personal Consumption Expenditures (PCE) price index report due later this week for interest rate clues. Spot gold was up…
Read MoreStocks to watch: OCBC, Amara, Valuetronics
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (May 28). OCBC: The bank announced on May 27 key leadership changes to its global wholesale banking franchise, to take effect on Oct 1. Among the changes, Elaine Heng, now OCBC’s group chief strategy and transformation officer, will succeed…
Read MoreGM to invest US$888 million for engine production at New York facility
Published Wed, May 28, 2025 · 07:39 AM [DETROIT] General Motors is investing US$888 million at a New York propulsion plant to increase engine production and build a next-generation V8, the company said on Tuesday. The investment at the Tonawanda propulsion plant in Buffalo, New York, first reported by Reuters, is a shift from a…
Read MoreUS: Stocks jump on easing tariff worries, lower bond yields
[NEW YORK] Wall Street stocks jumped on Tuesday after President Donald Trump pushed back tariffs on Europe while US Treasury bond yields retreated following last week’s surge. Trump on Monday said he would pause his threatened 50-per cent tariffs on the European Union until July 9 to allow for talks, reversing an escalation that upset markets on…
Read MoreSaudi Aramco kicks off its first dollar bond sale this year
The world’s biggest oil exporter is selling bonds with five, 10 and 30-year maturities Published Tue, May 27, 2025 · 09:25 PM [RIYADH] Saudi Aramco started the sale of dollar-denominated debt, extending the company’s borrowings as it looks to leverage its balance sheet. The world’s biggest oil exporter is selling bonds with five, 10 and…
Read MoreJapanese gas tanker giant Mitsui OSK sees difficulty buying Chinese vessels
[SINGAPORE] Mitsui OSK Lines, owner of the world’s largest fleet of liquefied natural gas carriers, said it is hard to buy Chinese vessels for the time being as the US ramps up scrutiny of the Asian country’s shipbuilding industry. “It is difficult to purchase Chinese vessels under the current circumstances, because of the port entry…
Read MoreSamsung in talks to invest in California-based Exo
Discussions on all the potential developments are ongoing and details could change Published Tue, May 27, 2025 · 04:31 PM [SEOUL] Samsung Electronics’ investment arm is among a group of firms seeking to invest in US health-care software and device company Exo Imaging, according to people familiar with the matter. Samsung Ventures Investment may participate…
Read MoreAsian ports reported to be congested; average waiting time in Singapore is up to 1.5 days
[SINGAPORE] Port congestion has been reported at Asian ports, with Singapore being one of those affected: The waiting time for a berth at the world’s top transhipment hub is said to be between 12 and 36 hours. Tan Hua Joo, a box shipping analyst at data provider Linerlytica, told The Business Times that the longer…
Read MoreJapan to consider trimming super-long bond issuance: sources
The MOF will make a decision after holding discussions with market participants around mid- to late-June, the sources says Published Tue, May 27, 2025 · 01:37 PM [TOKYO] Japan will consider trimming issuance of super-long bonds in the wake of recent sharp rises in yields for the notes, two sources told Reuters on Tuesday (May…
Read MoreCar sales in Europe dip slightly in April, Tesla’s 49% drop tempers EV gains
TESLA’S sales in Europe fell 49 per cent in April from a year earlier, even as battery-electric sales rose by 27.8 per cent, as the US EV maker’s upgrade of its Model Y shows little sign of improving the brand’s tarnished image in the region. Overall car sales in the region remained roughly consistent with…
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