Hyundai's slow EV ramp-up in India hurts its decarbonisation efforts, Greenpeace says
BENGALURU : A slow ramp-up of electric vehicle sales for Hyundai and its affiliate Kia in India and increased sales of gasoline-engine SUVs are undermining their decarbonisation efforts, Greenpeace East Asia said on Tuesday. Hyundai and Kia saw their per-vehicle tailpipe emissions drop in their majo ...
Copper extends rally as US dollar weakens on Trump tariff report
Bloomberg - Copper extended this year’s rally on a report the incoming Trump administration will slowly ramp up trade tariffs rather than impose sizeable levies in one go. The report, based on unnamed sources, said the approach was aimed at boosting negotiating leverage and helping to avoid a spike in inflati ...
BOJ’s deputy chief signals chance of rate hike next week
Bloomberg - Bank of Japan Deputy Governor Ryozo Himino signalled the possibility of an interest rate hike next week by saying that the board will be discussing it, making it clear that the option is on the table. “In conducting monetary policy, it is difficult but essential to judge the right timing,” Him ...
Nvidia CEO tours China during Beijing antitrust probe, AI curbs
NVIDIA chief Jensen Huang is embarking on a trip to China this week, visiting major cities at a time Beijing is investigating...
Singapore family offices exceed 2,000 in 2024, up 43% on year
Wong Chia Peck - The city-state is emerging as one of Asia’s principal hubs for privately held companies that manage the wealth of ultra-rich families
Nvidia CEO to tour China amid Beijing antitrust probe, AI curbs
Bloomberg - Nvidia chief Jensen Huang is embarking on a trip to China this week, visiting major cities at a time Beijing is investigating his company’s domestic presence and Washington is slapping new curbs on the sale of its AI chips abroad. The Nvidia CEO is due to arrive in Shenzhen for employees’ annua ...
‘Long-suffering’ US office S-REITs beckon with ‘overwhelmingly attractive valuations’: UOBKH
Jovi Ho - “Long-suffering” US office S-REITs have exhibited nascent signs of recovery, says UOB Kay Hian (UOBKH) Research analyst Jonathan Koh. Leasing volume has picked up and tenants are more willing to commit to larger and long-term leases. Physical occupancy is trending higher as more companies demand ...
Tech supplier Arm plans to hike prices, has considered developing its own chips
ARM Holdings, a technology supplier to chip firms, is developing a long-term strategy to hike prices by as much as 300 per...
India's HCLTech drops 8% after Q3 revenue misses estimates
HCLTech, India's no. 3 software services provider, plunged 8 per cent on Tuesday after reporting a smaller-than-expected quarterly revenue and as a slew of brokerages cut their ratings on the shares. The company on Monday reported a 5.1 per cent rise in consolidated revenue to 298.9 billion rup ...
Bank of Japan deputy governor flags chance of rate hike next week
THE Bank of Japan (BOJ) will debate whether to raise interest rates next week as prospects of sustained wage gains heighten and...
Stocks close to wiping out ‘Trump bump’ as rate fears kick in
Bloomberg - It’s the round-trip ticket no one on Wall Street wanted. The S&P 500 Index on Monday briefly dropped below where it ended on Nov 5, just before Donald Trump was elected US president, and closed only slightly above that level on Monday. Investors are dumping stocks and interest rates are cli ...
UOBKH expects SGX to report higher revenue and adjusted patmi for 1HFY2025 on broad-based outperformance
Felicia Tan - UOB Kay Hian (UOBKH) has kept its “hold” call and target price of $11.83 ahead of the Singapore Exchange ’s (SGX) results for the 1HFY2025 ended Dec 31, 2024. The exchange will release its results on the morning of Feb 6. In its Jan 14 report, the UOBKH team says it is expecting SGX to report ...
Asia: Markets mixed as traders eye US inflation data, earnings
ASIAN markets diverged on Tuesday (Jan 14) as bargain buying after recent losses played against ongoing worries about the outlook for the...
7 tankers drop anchor off Singapore after US hits Russian oil with sanctions
Tan Weizhen - Seven oil tankers have dropped anchor off Singapore after the US imposed sanctions on Russian oil producers.
Philips CEO sees subdued China sales this year
PHILIPS CEO Roy Jakobs said he still expects subdued demand in China this year due to healthcare anti-corruption efforts by the Chinese...
Risk of TikTok ban has users rushing to download two other Chinese-made apps
A PAIR of Chinese-made social apps, Xiaohongshu and Lemon8, have taken over the top two positions on Apple’s iPhone download charts in...
SEC fines Blackstone, KKR, Apollo, others in texting crackdown
Bloomberg - Affiliates of Blackstone, KKR & Co., Apollo Global Management and Charles Schwab are among a dozen investment advisers and brokerages that will collectively pay more than US$63 million ($86.36 million) for failing to track employees’ use of unauthorised communications platforms. The settlemen ...
Gold gains on uncertainty over Trump policies; US data awaited
GOLD prices gained on Tuesday (Jan 14), amid uncertainty around the incoming Trump administration’s policies and fresh positioning ahead of crucial US...
US 'TikTok refugees' flee to Chinese app Xiaohongshu
SAN FRANCISCO: With TikTok facing an imminent shutdown in the United States, American content creators have taken flight - to another Chinese social media app. Xiaohongshu, known as RedNote in English, surged to the top of the Apple App Store downloads on Monday (Jan 13), as users flocked to its In ...
HR professionals prepare for changes due to workplace fairness Bill
HUMAN resources (HR) groups have given their thumbs-up for the landmark Bill tackling workplace discrimination that was passed in Parliament on Jan...
White House unveils new curbs on exporting Nvidia AI chips
Bloomberg - The White House unveiled sweeping new limits on the sale of advanced AI chips by Nvidia Corp. and its peers, leaving the Trump administration to decide how and whether to implement curbs that have encountered fierce industry opposition. The rules, which are set to take effect in one year, establish ...
RHB keeps ‘buy’ call on Marco Polo Marine, raises earnings estimates on higher capacity
Felicia Tan - RHB Bank Singapore analyst Alfie Yeo has kept his “buy” call and target price of 8 cents on Marco Polo Marine as he continues to like the company’s prospects. In his Jan 13 report, the analyst highlighted several positive factors such as the deployment of Marco Polo Marine’s new commissionin ...
Rolling US tariffs would be ‘problematic’ for Fed: UBS
Bloomberg - A decision by US President-elect Donald Trump to ramp up tariffs gradually once he takes office would be “problematic” for the US Federal Reserve as it battles the last-mile of inflation, according to Arend Kapteyn at UBS. “We think of tariffs as a one-off price level shift and then it goes aw ...
China discusses sale of TikTok US to Elon Musk as one possible option: sources
The talks in Beijing suggest that the social media platform’s fate may no longer be in ByteDance’s sole control
China discusses sale of TikTok US to Elon Musk as one possible option
CHINESE officials are evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok if the company fails to...
China discusses sale of TikTok US to Musk as one possible option
Bloomberg - Chinese officials are evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok if the company fails to fend off a controversial ban on the short-video app, according to people familiar with the matter. Beijing officials strongly prefer that TikTok remains under the ...
Singapore shares in the red on Tuesday; STI falls 0.1%
Megan Cheah - Across the broader market, advancers beat decliners 278 to 226, with 938.1 million securities worth S$994.3 million changing hands
Singapore shares trading lower on Tuesday; STI down 0.1%
Megan Cheah - SINGAPORE shares were trading in negative territory on Tuesday (Jan 14), after overseas markets closed mixed.
Singapore shares open lower on Tuesday; STI down 0.1%
Therese Soh - SINGAPORE shares began Tuesday (Jan 14) trading in negative territory as overseas markets closed mixed.
China mulls potential sale of TikTok US to Musk: Report
Chinese officials are mulling a potential option that involves the sale of TikTok's United States operations to billionaire Elon Musk if the company fails to fend off a potential ban, Bloomberg News reported o
China securities regulator vows efforts to stabilise market
Bloomberg - China’s top securities regulator said it will work on building a mechanism to stabilise the market, vowing to anchor market expectations in 2025 after a disappointing start to the new year. The China Securities Regulatory Commission said stability is top of its agenda in 2025 as it pledged to make ...
Global electric vehicle sales up 25% in record 2024
GLOBAL sales of fully electric and plug-in hybrid vehicles rose by a quarter last year to over 17 million cars, helped by...
Global electric vehicle sales up 25% to over 17 million in record 2024
GLOBAL sales of fully electric and plug-in hybrid vehicles rose by a quarter last year to over 17 million cars, helped by...
Robinhood to pay US$45 million to settle SEC charges over record keeping, other violations
ONLINE trading firm Robinhood Markets has agreed to pay US$45 million to settle US Securities and Exchange Commission (SEC) charges over record...
