BYD’s US$60 billion wipeout points to deeper turmoil for China EVs
The company shares now trade at around 15 times forward earnings estimates, below their three-year average of 18 A relentless sell-off in BYD shares is laying bare investor anxiety…
Tag
Turmoil
European stocks end a five-week winning streak after Greenland turmoil
PEAN shares finished lower on Friday (Jan 23) and logged weekly losses as investors exercised caution and assessed any potential trade jitters resulting from frictions with…
Justice Department prosecutors resign amid turmoil over Minnesota ICE shooting investigation
Roughly half a dozen federal prosecutors in Minnesota have resigned and several supervisors in the criminal section of the Justice Department's Civil Rights Division have given notice of…
Chip turmoil will worsen on Nexperia spat: Wingtech chair warns
Ruby Yang adds that as the dispute continues, the damage to global industrial chain, investment confidence and shareholders deepens [BEIJING/FRANKFURT] Wingtech Technology chairwoman Ruby…
LISTEN: Revisiting Martin Scorsese’s ‘Casino’ With Owen Gleiberman; Turmoil on ‘Tulsa King’
On today’s episode of the “Daily Variety” podcast, we’ll hear from Variety‘s Owen Gleiberman about his rediscovery of an under-appreciated Martin Scorsese classic, 1995’s “Casino.” And Joe…
Miss Universe Turmoil: Director Removed After Calling Miss Mexico ‘Dumb,’ Contestants Walk Out
The pageant world has zeroed in on a controversy that erupted at a Miss Universe pre-competition briefing involving pageant executive Nawat Itsaragrisil’s treatment of Miss Mexico, Fátima…
Industrial giants regain footing as tariff turmoil recedes
US industrial companies at present are reporting their best year-on-year revenue growth, since the first quarter of 2023 at 6.3% INDUSTRIAL companies have been on a roller coaster this…
Europe: French stocks revive after turmoil; Stoxx at record highs
European shares climbed to record highs on Wednesday (Oct 8), powered by strong gains in French and Spanish stocks, and steelmakers rallied after the EU unveiled plans to slash steel…
Europe: Luxury rebound in France cushions European stock losses amid turmoil
European stocks slipped on Tuesday (Oct 7), dragged down by healthcare and bank shares, while a luxury-led rebound in France kept regional losses in check after Monday’s political…
Apac family offices responded most vigorously to tariff turmoil globally: report
Family offices in the Asia-Pacific region responded more vigorously to tariff turmoils than their counterparts elsewhere, a report has found. In the market turmoil following the US’ tariff…
Europe: Stoxx 600 ends flat as merger boost balances France turmoil
EUROPEAN shares ended steady on Tuesday, as a boost from Anglo American’s merger deal and higher oil prices managed to counter uncertainty in France after Prime Minister Francois Bayrou’s…
Gold edges lower as US dollar firms, but Fed turmoil limits losses
Gold prices edged lower on Wednesday (Aug 27), pressured by an uptick in the US dollar, although renewed concerns over the US central bank’s independence after US President Donald Trump’s…
Toyota braces for 1.4 trillion yen hit from US tariff turmoil
Toyota Motor lowered its annual guidance as it warned of a 1.4 trillion yen (S$12 billion) hit to its bottomline from US tariffs that have rattled the global automotive industry. The…
Toyota sees record global sales despite Trump’s tariff turmoil
Toyota Motor saw record global sales during the first half of 2025 as strong demand for hybrid vehicles in core markets helped offset headwinds from US President Donald Trump’s…
Barclays profit up 23% as Trump tariff turmoil lifts trading
The bank also announced a share buyback of £1 billion and a half year dividend of 3 pence per share Barclays first-half profit rose by a better-than-expected 23 per cent, the…
Wall Street, oil markets take Iran turmoil in stride -- for now
President Trump warned oil-producing nations on Monday to keep prices down and ordered his team to increase domestic production immediately, as the world braced for economic fallout from…
Singapore hedge fund Arrowpoint capitalised on May market turmoil
Singapore’s multi-strategy hedge fund Arrowpoint Investment Partners has made gains by exploiting market dislocations triggered by global trade tariff shocks and sees more arbitrage…
Turmoil, worry swirl over cuts to key federal agencies as hurricane season begins
With predictions for a busy hurricane season beginning Sunday, experts in storms and disasters are worried about something potentially as chaotic as the swirling winds: Massive cuts to the…
Asia’s rich trim US exposure, head to Europe amid tariff turmoil
Asian private banking clients sprang into action over the past month, refusing to sit idle when faced with the whiplash in global financial markets caused by the tariff turmoil.…
JPMorgan says AI helped boost sales, add clients in market turmoil
JPMorgan Chase’s artificial intelligence (AI) tools enabled it to boost sales to wealthy clients and manage scores of requests from worried customers even during April’s market rout, the…
HSBC warns trade turmoil poses serious risks to global growth
Shifting global trade relations have increased economic uncertainty with serious risks to growth, making it difficult for international banks to provide the medium term outlook…
Barclays beats first-quarter forecasts as Trump turmoil supercharges trading
Barclays booked a stronger than expected 19 per cent increase in first-quarter profit on Wednesday (Apr 30), as trading activity surged in the early months of US President Donald Trump’s…
Pete Hegseth Comes Under Immense Pressure with Four High-Profile Firings in Weeks as Pentagon Turmoil Deepens Amid Signal Chat Fiasco
The chaos inside Pentagon continues, with Defense Secretary Pete Hegseth grappling with mounting instability within his leadership team, following the sudden exit of his chief of staff —…
From origins to turmoil: The CDL story
1963: City Developments Ltd (CDL) begins operations with eight staff in a small, rented office at Amber Mansions and was listed on the Malayan Stock Exchange in November 1963. 1966: The…