Trump's 'America First' policies targeting South Korea, says acting president
SEOUL: South Korea's acting President Choi Sang-mok said on Tuesday (Mar 11) that United States President Donald Trump's "America First" policies had started targeting his country.
Citi cuts US stocks, raises China on pause in US exceptionalism
Bloomberg - Citigroup Inc downgraded US equities to neutral from overweight while upgrading China to overweight, saying that US exceptionalism is at least on pause. The US investment bank had been overweight American stocks since October 2023, but the hiatus in their ability to outperform has become more obviou ...
PBOC starts paring yuan support amid US exceptionalism doubts
[HONG KONG] Doubts over US exceptionalism are giving China a much needed break from strongly defending its currency, as the yuan’s strength...
Gold holds steady as market awaits US data, tariff impact
GOLD held steady on Tuesday (Mar 11) as investors awaited a key inflation print this week to assess the US Federal Reserve’s...
Japan's trade minister fails to win tariff exemption assurance from US
WASHINGTON: Japan's trade minister on Monday (Mar 10) said he asked the United States not to impose trade tariffs on his country, but did not win any assurance that Japa
Billionaires at Trump’s swearing-in have since lost US$209 billion
The companies behind the inauguration attendees’ fortunes have been some of the biggest losers, dropping a combined US$1.39 trillion in market value...
Panama Canal weighs pipeline to move gas, with eye on Asian clients
PANAMA CITY : The Panama Canal is exploring the construction of a pipeline to move liquefied petroleum gas (LPG) across the trade passage, canal administrator Ricuarte Vasquez said on Monday, with Japan seen as a top potential client for gas coming from the U.S.WHY IT'S IMPORTANTThe canal, one ...
Indonesia to build oil refineries with total capacity of 1 million bpd, minister says
JAKARTA : Indonesia will build oil refineries on several of its islands, including Kalimantan and Sulawesi, with a total capacity of 1 million barrels per day, upgrading from a planned single refinery with a 500,000 bpd capacity, the energy minister said.Last week, the government said it wanted to a ...
Analysis:Japan firms must get used to reverse break-up fees after Nippon Steel's $565 million blow
TOKYO/NEW YORK : Japanese suitors face a heightened chance of U.S. targets baking in hefty termination fees to protect against a deal collapsing due to regulatory or political reasons, following Nippon Steel's stranded $14.9 billion bid for U.S. Steel.A reputation for reliability has long given ...
YouTube’s biggest star MrBeast makes more money from chocolate than videos
In addition to Feastables, Beast Industries is a shareholder in the snack brand Lunchly and the owner of Viewstats, a software firm...
Banks sell off as Singapore’s STI drops 2% on US, Asia market tumble
Therese Soh - The declines are an extension of losses that have been ongoing for the past few weeks
Singapore’s STI tumbles 1.5%, joining Asia stock rout on US market plunge sparked by recession fears
Tan Weizhen - The declines are an extension of losses that have been ongoing for the past few weeks
Singapore’s STI tumbles 1.5%, joining the Asia plunge as US markets dive on tariff, recession fears
Tan Weizhen - The declines are an extension of losses that have been ongoing for the past few weeks
Japan, Australia shares tumble as US markets dive on tariff, recession fears
Tan Weizhen - The declines are an extension of losses that have been ongoing for the past few weeks
Uncertainty could weigh on US markets, Asia in near term, say analysts, amid global market sell-off
Therese Soh - Investors fear the impact of tariffs on America’s major trading partners, such as China, Canada and Mexico
Singapore bank stocks tumble as STI drops 2% after US, Asia market retreat
Therese Soh - US markets dropped deep into negative territory on fears over tariffs and recession risks.
Banks sell off as Singapore’s STI drops 2% after US, Asia market tumble
Therese Soh - US markets dropped deep into negative territory on fears over tariffs and recession risks.
Stocks to watch: Singapore Exchange, DFI Retail Group, Jardine Matheson
Bapat Sara Manish - [SINGAPORE] THE following companies saw new developments that may affect trading of their securities on Tuesday (Mar 11).
Stocks to watch: DFI Retail Group, Jardine Matheson
Bapat Sara Manish - [SINGAPORE] THE following companies saw new developments that may affect trading of their securities on Tuesday (Mar 11).
China’s auto titans push for AI, flying cars and new plates
[NEW YORK] As China’s political elite gathered for the annual National People’s Congress (NPC) in Beijing last week, auto executives offered a...
Japan revises down Q4 GDP growth on lower consumption
TOKYO :Japan's economy expanded in the October-December quarter at a slower pace than initially reported, government data showed on Tuesday, weighed by weaker consumption but still likely supporting the case for further interest rate hikes.Gross domestic product expanded an annualised 2.2 per c ...
Japan revises annualised Q4 GDP growth estimate to 2.2% from 2.8%
TOKYO : Japan's economy expanded an annualised 2.2 per cent in the October-December period from the previous quarter, a slower pace than initially reported, government data showed on Tuesday.The revised gross domestic product figure released by the Cabinet Office compared with economists' ...
Japan January household spending rises 0.8% year/year
TOKYO : Japanese household spending rose 0.8 per cent in January from a year earlier, internal affairs ministry data showed on Tuesday, worse than the median market forecast for a 3.6 per cent rise.On a seasonally adjusted, month-on-month basis, spending fell 4.5 per cent, versus an estimated 1.9 pe ...
Couche-Tard rejects Seven & i's antitrust concerns over $47 billion takeover bid
TOKYO :Canada's Alimentation Couche-Tard on Tuesday said it is confident there is a "clear path" to overcome U.S. regulatory hurdles in its proposed $47 billion acquisition of Japan's Seven & i, and expressed frustration at the 7-Eleven owner's "limited engagement.& ...
Couche-Tard sees clear path to regulatory approval for Seven & i takeover
TOKYO : Canada's Alimentation Couche-Tard said on Tuesday it is confident in attaining the U.S. regulatory approvals required to buy out Japan's Seven & i Holdings after the latter said antitrust law would be a barrier to any deal.In a statement Couche-Tard said it had submitted a revi ...
Bank of Japan’s next rate hike is likely in June, former executive says
Kazuo Momma sees the likelihood of an early hike is low as it would require a clear risk of falling behind the...
Delta Air Lines cuts profit forecast as US economic uncertainty hits travel
[CHICAGO] Delta Air Lines on Monday slashed its first-quarter profit estimates by half, sending its shares down 14 per cent, and its...
EU worries US embrace of crypto assets could impact Europe financial stability
BRUSSELS : Euro zone finance ministers are worried that the change of policy under the new U.S. administration to embrace cryptocurrencies could affect euro zone monetary sovereignty and financial stability, top officials said on Monday.Last week, U.S. President Donald Trump, who vowed to be a " ...
Nissan board meets Tuesday to discuss whether to replace CEO Uchida
YOKOHAMA, Japan : Nissan's board of directors will meet on Tuesday to discuss potential successors to CEO Makoto Uchida, who is under pressure to step down due to the Japanese automaker's worsening earnings performance and failed merger talks with Honda.His position has become untenable bu ...
Nissan picks chief planning officer Espinosa as successor for CEO Uchida
YOKOHAMA, Japan : Nissan on Tuesday named chief planning officer Ivan Espinosa to take the helm from April 1, marking the end to weeks of speculation over who would succeed Makoto Uchida as leader of the troubled Japanese carmakerNissan made the announcement in a statement, confirming that Uchida wo ...
Apple readies dramatic software overhaul for iPhone, iPad and Mac
A key goal of the overhaul is to make Apple’s different operating systems look similar and more consistent
Apple, Meta likely to face modest fines over DMA breaches: sources
[BRUSSELS] Apple and Meta Platforms are set to face modest fines for allegedly breaching landmark rules aimed at reining in their power, people with...
Oracle gives strong outlook, fuelling Stargate cloud optimism
Investors are closely tracking data centre spending across the industry for any signs of a pullback
Oil settles down 1.5% as tariffs prompt fears of slow demand
[NEW YORK] Oil prices were down 1 per cent on Monday on fears that US tariffs on Canada, Mexico and China would slow...
