Global chipmakers feel the pinch of Trump’s shifting trade policy
Global chip stocks were battered on Wednesday (Apr 16) on fresh evidence of how US President Donald Trump’s shifting trade policy was complicating the outlook for semiconductor and…
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Fashion
Court hears of nickel trading accused’s lavish purchases, including million-dollar diamond ring
Alleged nickel fraudster Ng Yu Zhi had “five families” – his wife, ex-wife and three girlfriends – one of his former employees told the High Court on Wednesday (Apr 16). This prosecution…
US: Wall Street falls, Nvidia drops after new US chip export curbs
Wall Street fell on Wednesday (Apr 16), with the Nasdaq leading declines after Nvidia flagged steep charges from new US controls on chip exports to China, the latest flashpoint in…
ASML warns of tariff risks, maintains forecast as AI race accelerates
ASML, the world’s biggest supplier of computer chip-making equipment, said on Wednesday (Apr 16) that tariffs were increasing uncertainty around its outlook for 2025 and 2026, but stood by…
Hong Kong stocks drop on trade war anxiety, China inches higher
Hong Kong shares fell on Wednesday (Apr 16), dragged by technology stocks, after the US restricted Nvidia chip sales to China, raising concerns of an intensifying trade war. Meanwhile,…
Heineken's Q1 sales slightly beat forecasts
“...we are performing within the range of expectations,” says CEO Dolf van den Brink Source link
PwC exits more than a dozen countries to avoid scandals: FT
PwC has shut down operations in more than a dozen countries that are deemed too small, risky or unprofitable, as the Big Four accounting firm aims to prevent repeats of scandals…
Latest Singapore 1-year T-bill cut-off yield falls to 2.29%
The Republic’s latest one-year tranche of Treasury bills (T-bills) is offering a cut-off yield of 2.29 per cent, according to auction results released by the Monetary Authority of…
Trump orders tariff probe on all US critical mineral imports
US President Donald Trump on Tuesday (Apr 15) ordered a probe into potential new tariffs on all US critical minerals imports, a major escalation in his dispute with global trade partners…
Indonesia hikes mining royalties in bid to fund Prabowo policies
The regulation comes into effect 15 days from Apr 11, the registration date, according to the document Indonesia has raised the royalty rate to be paid by nickel, tin and other…
Hong Kong postal service halts US parcels on tariff ‘bullying’
The move comes as Trump’s tariff offensive on China increasingly affects the former British colony, which typically enjoys favourable treatment in trade matters due to its semiautonomous…
Hermes’ market value surpasses that of former suitor LVMH
Hermes’ market capitalisation surpassed that of rival LVMH, the conglomerate which tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the French corporate…
Hyundai CEO sees gradual rise in car prices easing tariff shock
Hyundai Motor’s top executive expects car prices to remain relatively steady over the coming months despite added costs from the escalating global trade war, as automakers try to maintain…
Gold hits record high on economic growth concerns
Gold prices raced to an all-time high on Wednesday (Apr 16), driven by a weaker US dollar, trade war tensions and concerns over global economic growth due to US President Donald Trump’s…
China Southern halts sale of Boeing jets on US new-plane freeze
The airline’s move illustrates a knock-on effect from the widening trade standoff, rippling out beyond deals for new products being taxed by the two governments to affect the secondary…
Nvidia says new limits on China exports to cost US$5.5 billion
Nvidia faces new US restrictions on the export of its H20 chip to China, a policy change that will cost the company billions of US dollars and hamstring a product line that it explicitly…
Oil prices steady as market considers latest US tariff changes
Oil prices were little changed on Tuesday (Apr 15) as investors digested the latest headlines on US President Donald Trump’s on-again, off-again tariffs and tried to figure out how much…
A stock that offers shelter from Trump’s mayhem
With global trade under pressure from US President Donald Trump’s tariffs, there could be a significant slowdown in economic activity and big cuts to corporate earnings forecasts in the…
Amazon's robotaxi effort will begin testing in Los Angeles
Zoox, the autonomous driving technology company owned by Amazon, is preparing to begin testing its vehicles in Los Angeles this summer. The city will be the sixth testing location for the…
Behind the landmark trial that could reshape Meta's future with Instagram
Meta Chief Executive Mark Zuckerberg returned to Washington this week, testifying in a landmark trial that could force the world’s largest social network to break off Instagram and…
LHN proposes spin-off, mainboard-listing of co-living business Coliwoo
LHN Group intends to bring its co-living business, Coliwoo Group, public on the Singapore Exchange. The real estate management services group, dual-listed on both the mainboards of SGX and…
China orders airlines to suspend Boeing jet deliveries amid trade war
China has ordered its airlines not to take any further deliveries of Boeing jets in response to the US decision to impose 145 per cent tariffs on Chinese goods, Bloomberg News reported on…
US: Wall Street opens slightly higher as investors assess possible tariff exemptions
Street’s main indices edged up at the open on Tuesday (Apr 15), as investors assessed the possibility of tariff relief for the auto sector after President Donald Trump…
Sinarmas Land’s H2 net profit drops 5.5% to S$154 million on lower revenue, higher costs
Sinarmas Land reported a 5.5 per cent drop in net profit to S$154 million for the half-year ended Dec 31, 2024, from S$163 million in the same period a year ago. This came as revenue for…