Trump aims to boost Taiwan arms sales further, Reuters says
Bloomberg - President Donald Trump is planning to ramp up weapons sales to Taiwan to a level exceeding the pace set during his first term, Reuters reported, a move that risks escalating military tensions with China at a time the two nations are already locked in difficult talks over tariffs. Two US officials fa ...
High-yielding bonds in EM may beat peers as treasuries decline
Marcus Wong / Bloomberg - Riskier emerging-market bonds may continue to beat their lower-yielding peers as the dollar’s slide softens a rise in Treasury yields, protecting investor returns, according to analysis by Bloomberg. Debt from India, Indonesia, Brazil and South Africa has outperformed EM peers since April 2, when ...
NetEase shares near record high as China’s Gen Z embraces games
Henry Ren and Sangmi Cha / Bloomberg - NetEase shares are closing in on their first new all-time high in over four years, as a wave of youthful consumerism adds to a host of positives for China’s game stocks. Hong Kong-listed shares of the company behind hits like Eggy Party are now less than 3% away from their 2021 record. The stock r ...
Tariff turmoil leads global funds to pile back into Japan stocks
Alice French / Bloomberg - Tariff turmoil is drawing global investors back to Japan’s stock market, as prospects of better shareholder returns entice funds fleeing economic uncertainty in the US. Global investors have been net buyers of cash Japanese equities for the last eight consecutive weeks — the longest streak since ...
Acrophyte Hospitality Trust undergoes strategic review, in talks for potential transaction involving stapled securities
Therese Soh - Managers say there is no certainty that any transaction will materialise
Trump pressed Powell to lower rates in White House meeting
Amara Omeokwe and Josh Wingrove / Bloomberg - President Donald Trump pushed Federal Reserve Chair Jerome Powell to lower interest rates at their first in-person meeting since the president’s inauguration, the White House said. The president told Powell that he believes the Fed chair is making a mistake by not lowering rates, White House Press ...
Trump will hold press conference with Musk as he departs DOGE
Derek Wallbank / Bloomberg - US President Donald Trump will hold a news conference at the White House alongside Elon Musk to mark the world’s richest man’s departure from his official role leading the administration’s effort to slash the size and scope of the federal government. “I am having a Press Conference tomorrow ...
Oil prices set for weekly drop with tariff legal battles, OPEC+ in focus
BEIJING : Oil prices were on track to end the week down more than 1 per cent on Friday amid whipsawing tariff rulings in the U.S. and as the market braced for a potential OPEC+ output hike.Brent crude futures slipped 26 cents, or 0.41 per cent, to $63.89 a barrel by 0104 GMT. U.S. West Texas Interme ...
Oil prices head for weekly drop as OPEC+ may discuss larger output hike for July
LONDON :Oil prices were flat on Friday and heading for a second consecutive weekly loss, as investors weigh a potentially larger OPEC+ output hike for July, and uncertainty spreads around U.S. tariff policy after the latest courtroom twist.Brent crude futures fell by 9 cents, or 0.14 per cent, to $6 ...
Oil set for slight weekly decline as market eyes another OPEC+ output hike
LONDON :Oil prices were stable on Friday, but on track for a second consecutive weekly decline, pressured by expectations of another OPEC+ output hike and uncertainty about U.S. tariffs after the latest legal twist kept them in place.Brent crude futures gained 23 cents, or 0.36 per cent, to $64.38 a ...
Trump administration considers allowing tariffs of up to 15% for 150 days, WSJ reports
President Donald Trump's administration is considering a stopgap effort to impose tariffs on large parts of the global economy under an existing law that includes language allowing for tariffs of up to 15 per cent for 150 days, the Wall Street Journal reported on Thursday, citing people familia ...
Trump tariffs stay in place for now, after appellate ruling
[WASHINGTON] US President Donald Trump on Thursday won a temporary reprieve for his aggressive tariff strategy, with an appeals court preserving his sweeping...
Global airlines to address trade war, net-zero uncertainties at annual summit
NEW DELHI : An unpredictable trade war and daunting environmental targets are on the agenda for global airline bosses at an annual summit in India, as the industry's outlook is clouded by concerns that geopolitical uncertainty will dampen travel demand and raise costs.More people are flying tha ...
Bessent says US-China talks ‘stalled,’ pushes for Trump-Xi call
Daniel Flatley / Bloomberg - US Treasury Secretary Scott Bessent said trade talks with China are “a bit stalled,” and that a call between President Donald Trump and Chinese President Xi Jinping may be needed for the world’s two largest economies to reach a deal. “I would say that they are a bit stalled,” Bessent said ...
Microsoft touts AI sales at town hall, reveals Barclays contract
MICROSOFT touted its progress selling artificial intelligence tools to corporate customers during a companywide town hall on Thursday, including a major deal...
Appeals court allows Trump tariffs to stay in effect for now
Erik Larson / Bloomberg - A federal appeals court temporarily paused a sweeping ruling against President Donald Trump’s global tariffs while it takes more time to consider the administration’s request for a longer-lasting hold. A brief order granting a so-called administrative stay was issued Thursday by the US Court of ...
Jardine Matheson Holdings names Lincoln Pan as CEO-designate as group managing director John Witt retires
Therese Soh - Pan will helm the group as CEO with effect from Dec 1
Jardine Matheson Holdings names Lincoln Pan as CEO-designate ahead of group managing director John Witt’s retirement
Therese Soh - Pan will helm the group as CEO from Dec 1
Chasen reverses into $33.2 mil earnings for FY2025 mainly from operations and divestment of CZ Group
Felicia Tan - Chasen Holdings has reported earnings of $33.2 million for the FY2025 ended March 31, reversing from its loss of $6.6 million in FY2024. Earnings per share (EPS) stood at 8.95 cents on a fully diluted basis. This year’s bottomline was mainly propped up by the operations and divestment of CZ Group, ...
Acrophyte Hospitality Trust another listed entity to 'evaluate strategic options'
The Edge Singapore - The managers of Acrophyte Hospitality Trust are "evaluating a range of strategic options", citing capex needed to enhance its portfolio of hospitality assets in the US. "In connection with their evaluation, the managers are also in discussions with the sponsor in respect of a potentia ...
US asks judge to dismiss criminal charge over Boeing 737 Max crashes
THE US Justice Department asked a federal judge in Texas to dismiss its criminal case against Boeing over two fatal crashes of its 737...
Musk aiming to send uncrewed Starship to Mars by end of 2026
LOS ANGELES :Two days after the latest in a string of test-flight setbacks for his big new Mars spacecraft, Starship, Elon Musk said on Thursday he foresees the futuristic vehicle making its first uncrewed voyage to the red planet at the end of next year.Musk presented a detailed Starship developmen ...
SEC dropping enforcement case against Binance crypto exchange
Nicola M White / Bloomberg - The US Securities and Exchange Commission moved to end its legal battle against crypto exchange Binance Holdings Ltd., the latest sign of the regulator’s dramatic shift in how it polices cryptocurrency. The regulator and the exchange’s co-founder Changpeng Zhao filed a joint motion on Thursday t ...
Stocks to watch: IHH Healthcare, Keppel, Jardine Matheson, Cordlife
Isabelle Chong - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 30).
Zixin Group reports FY2025 earnings of RMB42.7 million up 219.9% y-o-y
Zixin Group has reported earnings of RMB42.7 million for its FY2025 ended March, up 219.9% y-o-y, on the back of a 33.1% rise in revenue to RMB424.8 million. The company attributes the growth to higher volume and new products. With an increase in capacity, it enjoyed better efficiency too, as part o ...
Japan April factory output falls 0.9% month-on-month
TOKYO :Japan's factory output fell in April by 0.9 per cent from the previous month, better than a median market forecast for a 1.4 per cent drop, government data showed on Friday.Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to increase ...
Japan April jobless rate unchanged at 2.5%
TOKYO :Japan's jobless rate in April was unchanged at 2.5 per cent from last month, government data showed on Friday.Economists' median forecast was for 2.5 per cent.The jobs-to-applicants ratio in April was also unchanged from the previous month at 1.26. The median forecast was 1.26.
Former Dyna-Mac's Lim to invest in Fuji Offset Plates Manufacturing at 45 cents each for 16.7% stake
The Edge Singapore - Lim Ah Cheng, the former executive chairman of Dyna-Mac Holdings, plans to invest $4.5 million for 10 million new shares in Fuji Offset Plates Manufacturing, controlled by executive chairman David Teo Kee Bock. Lim left Dyna-Mac last December after Korean conglomerate Hanwha took control; Teo is bes ...
Bank of England’s Bailey says uncertain outlook demands careful approach to rate cuts
[DUBLIN] Bank of England Governor Andrew Bailey said on Thursday that the central bank’s “gradual and careful” approach to future interest rate...
Core inflation in Japan capital hits 3.6%, keeps BOJ rate-hike chance alive
TOKYO :Core inflation in Japan's capital hit 3.6 per cent in the year to May, data showed on Friday, marking a more than two-year high in a sign persistent rises in food costs will keep the central bank under pressure to hike interest rates further.Factory activity is stalling with separate dat ...
Core inflation in Japan capital hits 2-year high, keeps rate hike chance alive
TOKYO :Core inflation in Japan's capital hit a more than two-year high on persistent rises in food costs, data showed on Friday, keeping the central bank under pressure to hike interest rates further.But factory output slid in April in a sign manufacturers are feeling the pinch from slowing glo ...
Goldman letter helps sway judge who sent Leissner to prison over 1MDB
Patricia Hurtado / Bloomberg - Former Goldman Sachs Group Inc. banker Tim Leissner didn’t think he should go to prison for his role in the looting of the Malaysian investment fund 1MDB. Neither did US prosecutors, who praised his cooperation with their investigation. But US Judge Margo Brodie in Brooklyn, New York, paid more at ...
Trump told Fed Chair he was ‘making a mistake’ not cutting rates: White House
[WASHINGTON] US President Donald Trump on Thursday stepped up pressure on Jerome Powell to cut interest rates, the White House said, describing...
South Korea's April factory output unexpectedly declines 0.9% m/m
SEOUL :South Korea's factory output unexpectedly declined in April, depressed by a drop in electricity and gas output, government data showed on Friday.Industrial production fell 0.9 per cent in April from a month earlier on a seasonally adjusted basis, underperforming expectations for a 0.5 pe ...
