Chinese electric truck maker Windrose makes first US delivery
BEIJING, April 8 : Chinese electric truck startup Windrose said it had made the first delivery of its long‑haul electric heavy truck in the United States, marking a key step in its global expansion.The vehicle, priced at $285,000, was handed over to Texas logistics firm Allogic and charging partne ...
Wall Street opens higher after US-Iran ceasefire
[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Apr 8) after the US and Iran agreed to a two-week ceasefire,...
Thakral raises $4.26 mil via sale of treasury shares at $1.80 each to ICH Synergrowth Fund and Lion Global Investors
Teo Zheng Long - Thakral (SGX: AWI ) has raised $4.26 million through the sale of 2,367,500 treasury shares at a price of $1.80, which represents a 1.89% shareholding in the company. ICH Synergrowth Fund has acquired 1,267,500 shares while the remaining 1.1 million shares were acquired by Lion Global Investors. Thak ...
iX Biopharma issues 10 mil new ordinary shares at exercise price of six cents each
Teo Zheng Long - iX Biopharma (SGX: 42C ) announced that it has allotted and issued 10 million new ordinary shares at a price of six cents per warrant share as part of its exercise of warrants. Following the exercise, the number of issued shares in iX Biopharma increased from 1,038,324,529 shares to 1,048,324,529 sh ...
World Bank says South Asia growth to slow to 6.3% in 2026 amid Middle East conflict
NEW DELHI, April 8 : South Asia's growth is expected to slow to 6.3 per cent in 2026 from 7.0 per cent in 2025 as the conflict in the Middle-East and disruptions in global energy markets weigh on the import-dependent region, the World Bank said on Wednesday.In its latest South Asia Economic Upd ...
Developing countries in Europe, Central Asia face slowdown, World Bank says
April 8 : Emerging and developing economies in Europe and Central Asia face a sharp slowdown this year under a scenario of a large but temporary rise in energy prices from the conflict in the Middle East, the World Bank said on Wednesday.The Iran war, which broke out in late February, has hit global ...
The new Trump trades: how investors are navigating Iran shocks
LONDON, April 8 : Investors are piecing together a new "Trump trade" playbook for navigating market uncertainty, ranging from whether a U.S.-Iran ceasefire will hold to oil prices staying high for longer.With global inflation and interest rates increasingly tough to predict as geopolitics ...
Telenor faces lawsuit over claims it exposed Myanmar customers to junta repression
BANGKOK, April 8 : A Swedish non-profit filed a class action lawsuit against Telenor on Tuesday on behalf of over 1,200 people whose phone data it says the Norwegian telecom's Myanmar subsidiary shared with the country's military junta following a 2021 coup.Telenor, which has since exited ...
Exxon sees 6% of its worldwide Q1 output shut on Middle East conflict
Half of those outages are concentrated at a liquefied natural gas complex in Qatar
Exxon sees 6% of its worldwide output shut on Middle East conflict
EXXONMOBIL said 6 per cent of its global first-quarter production was knocked out as the Iran war paralysed much of the Persian...
Lim Sim Seng appointed as deputy chairman of SIA Engineering
Chloe Lim - He will also be a member of the nominating, compensation and human resources, and executive committees
Hong Kong’s Link Reit sells Thomson Plaza retail space for S$250 million
Chong Xin Wei - The divestment is priced at a 23% premium to the property’s most recent book valuation
Sunway-IJM takeover bid collapse: IJM wins but faces pressure to deliver value
Tan Ai Leng - Asset monetisation, spin-off plans in focus as IJM races to deliver value within tight timelines
DBS initiates ‘buy’ on Yangzijiang Maritime, citing investments, shipbuilding opportunities
Koh Kim Xuan - The brokerage’s target price of S$0.88 represents a 63% upside from the group’s closing price on Apr 7
Link REIT announces plans to divest its stake in Swing By @ Thomson Plaza
The Edge Singapore - On April 8, Link REIT announced it has entered into agreements with Jack Investment Pte Ltd and Pangjwee Development Pte Ltd for the sale of its property interests in Swing By @ Thomson Plaza for $250 million. The divestment, which is priced at a premium to the most recent book valuation of the prop ...
Samudera Shipping launches service connecting Japan and Korea
The Edge Singapore - Samudera Shipping, better known for running "feeder" routes across Asia, has launched a new weekly container service connecting Japan and Korea. This route, in operation this month onwards, marks its entry into the Korea-Japan trade corridor and the extension of its intra-Asia footprint in ...
Competition watchdog seeks feedback on proposed commercial tie-up between SIA and Vietnam Airlines
Chloe Lim - The two carriers propose to cooperate on, for example, scheduling, pricing, sales and marketing and other commercial areas
Singapore stocks rise after US-Iran ceasefire announcement; STI up 0.8%
Young Zhan Heng - Across the broader market, gainers beat decliners 481 to 178 after 2.2 billion securities change hands
Airlines ‘nowhere near’ Covid-style crisis despite oil shock: Iata chief
Shikhar Gupta - Carriers can mitigate fuel price spikes using established levers such as fare hikes, says Willie Walsh
‘Never waste a crisis’: Putting Iran war price pressures to good use
Janice Heng - If higher fuel and energy prices drive lasting behavioural change, Singapore will be better off in the long run
Revolut to open Paris office as lender seeks to expand in Europe
The company has signed a 10-year lease for space in the historic Bourse business district
Freehold corner heritage shophouse along Desker Road for sale at $10.5 mil
Jovi Ho - A freehold three-storey corner heritage shophouse along Desker Road in Little India is up for sale at an indicative price of $10.5 million. Positioned within the Rochor Planning Area, the heritage asset offers exceptional visibility and frontage at the intersection of the Jalan Besar and Little Indi ...
Singtel could be the real winner as mom-and-pop investors land surprise S$6,800 windfall
Jude Chan - For the group, the real prize is unlocking its own corporate toolkit
Surprise S$6,800 windfall for mom-and-pop investors, but Singtel is doing it for Singtel
Jude Chan - For the group, the real prize is unlocking its own corporate toolkit
Singtel could also be a winner as mom-and-pop investors land surprise S$6,800 windfall
Jude Chan - For the group, the real prize is unlocking its own corporate toolkit
Strong demand drives COE spike as mainstream car premium hits S$118,000, commercial vehicles at S$80,001
Derryn Wong - Stock clearing by legacy brands and continued demand for EVs prompt healthy sales
COE prices jump as mainstream car premium hits S$118,000, commercial vehicles at S$80,001
Derryn Wong - Across-the-board rise in premiums see some categories reach levels not seen in years
Japanese investors bought $14 billion of overseas stocks in March, most since US tariff shock
April 8 : Japanese investors invested the most in foreign equities in nearly a year in March, as the recent weakness in the yen and the relatively cheaper pricing of equities due to the Middle East war boosted investor appetite.According to Japan's Ministry of Finance, local investors net acqui ...
LionGlobal Singapore Trust Fund hits key milestone as AUM exceeds $1.25 bil
Teo Zheng Long - Lion Global Investors (LGI) announced that its LionGlobal Singapore Trust Fund has surpassed $1.25 billion in assets under management (AUM). “This represents a key milestone following the appointment by the Monetary Authority of Singapore (MAS) as a fund manager under the Equity Market Development ...
Asian airlines maintain AI investments despite budget cuts due to Iran war oil shock
Shikhar Gupta - Carriers such as Scoot, Thai Airways see digital infrastructure and AI as existential needs
‘Reliability, stability and transparency’ key to Singapore’s response to geopolitical shocks: Edwin Tong
Jermaine Fok - Law Minister says Singapore, as a small country, feels global tremors acutely more than most
‘Cash is king’: Asian airlines hoard liquidity to survive worst oil shock since 1980s
Shikhar Gupta - Carriers are reducing non-essential capital and operational expenditures to maintain liquidity
Swiss banks to test possible uses for Swiss franc stablecoin
ZURICH, April 8 : Six Swiss banks have joined forces to test potential uses for a Swiss franc-pegged stablecoin in Switzerland, UBS said on Wednesday, as lenders grapple with the growing stablecoin industry and the wider growth of cryptocurrencies.Jointly with the company Swiss Stablecoin AG, the Sw ...
Swiss banks to test use cases for Swiss franc stablecoin
ZURICH, April 8 : Six Swiss banks have joined forces to test potential use cases for a Swiss franc stablecoin in Switzerland, banking giant UBS said on Wednesday.Jointly with the company Swiss Stablecoin AG, the banks are launching a secure digital live environment, a so-called sandbox, to explore w ...
