Trump names Transportation Secretary Duffy as interim NASA administrator
U.S. President Donald Trump on Wednesday tapped Transportation Secretary Sean Duffy to serve as the interim administrator of NASA, a role that has remained vacant since Trump withdrew his initial nominee.Duffy will temporarily take over the post that has been in the spotlight due to Trump's feu ...
Gold edges higher as Trump tariff moves keep markets on edge
[BENGALURU] Gold prices edged higher on Thursday (Jul 10) as US President Donald Trump’s latest tariff announcements kept markets cautious, with investors...
Prime US REIT signs new lease, raising occupancy at Maryland building to 85%
The Edge Singapore - Prime US REIT has announced that it has clinched a new tenant for an 11-year lease at the re-branded Waterfront at Washingtonian, Gaithesburg, Maryland. The tenant, who signed the 120,000 sq ft lease, is an American advanced clean energy and fuel design engineering company, backed by a global e-comm ...
Food Empire to invest US$37 million to expand soluble coffee manufacturing facility in India
Therese Soh - It will raise the plant’s capacity by around 60% and support the company’s fast-growing branded consumer business, which has driven 4 straight...
Food Empire to invest US$37 million to expand India coffee facility, eyes Asia for growth
Therese Soh - As part of the group’s vertical integration strategy, the expansion will raise the plant’s capacity by around 60% to boost the fast-growing...
Trump announces 50% tariff on copper effective Aug 1
WASHINGTON: United States President Donald Trump announced on Wednesday (Jul 9) a 50 per cent tariff on copper, saying on social media that it would be effective on Aug 1 and that the decision was made after a national security assessment. "Copper is necessary for Semiconductors, Aircraft, Ship ...
Dollar catches breath, Brazil real slides on tariff threat; bitcoin near record high
TOKYO :The U.S. dollar slipped further from a two-week high versus major peers on Thursday, as President Donald Trump's latest tariff salvos failed to shake markets, except in Brazil where a threatened 50 per cent levy sent the real sliding as much as 2.8 per cent overnight.The dollar felt addi ...
Dollar steady, Brazilian real slides on tariff threat; bitcoin near record high
TOKYO/LONDON :The U.S. dollar stabilised on Thursday after retreating from a two-week high versus major peers, as markets took U.S. President Donald Trump's latest tariff salvos in their stride, except in Brazil where a threatened 50 per cent levy sent the real sliding.The dollar had been knock ...
Prime US Reit signs 120,000 sq ft lease at Class A office tower in Maryland
Chloe Lim - This new anchor lease will bring the building to above 85% occupancy
Prime US Reit signs 120,000 sq ft lease at Class A tower in Maryland
Chloe Lim - This new anchor lease will bring the building to above 85% occupancy
Prime US Reit signs 120,000 sq ft lease at Waterfront at Washingtonian in Gaithersburg, Maryland
Chloe Lim - The Class A office tower is located within the I-270 corridor submarket of Gaithersburg
BOJ will hold off rate hikes until March due to US tariff hit, ex-policymaker says
[TOKYO] The Bank of Japan will likely hold off raising interest rates again until at least next March to assess the damage...
US fiscal expansion keeps USD weak as treasury yields fall: Lombard Odier
Samantha Chiew - The USD is likely to remain under pressure despite the potential for short-term rallies, as markets digest the fiscal implications of the Trump administration’s latest budget and prepare for expected interest rate cuts by the Federal Reserve. According to Lombard Odier’s latest CIO Office Viewpo ...
Despite IPO boom, HKEX hype could ‘moderate’ with trade tensions set to impact 1HFY2025 results: Morningstar
Jovi Ho - With the Stock Exchange of Hong Kong (SEHK) set to be the world’s top market in terms of IPO proceeds this year, analysts from Morningstar Equity Research and CGS International (CGSI) have eyed the financial results of operator Hong Kong Exchanges and Clearing (HKEX), itself listed on the Hong Kon ...
Government watching job situation for fresh graduates closely, exploring further support: Gan Siow Huang
[SINGAPORE] Amid a challenging hiring outlook, the government is watching the employment situation of fresh graduates closely, Gan Siow Huang, Minister of...
UOL unit prices S$75 million fixed rate notes at 2.78%
Therese Soh - They will be issued as the second tranche of the fifth series of a S$2 billion multicurrency medium-term note programme
Stocks to watch: DBS, Singtel, ST Engineering, UOL, SGX, Food Empire, Prime US Reit, Soilbuild Construction
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 10):
Hong Kong Jockey Club to unload US$1 billion in Blackstone, Warburg funds
Salamat Sanwan - The sales come as other Asia funds and wealthy investors dial back investments in the US, concerned that Trump’s trade wars have...
Australia takes another step toward a central bank digital currency
[SYDNEY] Australia’s central bank said on Thursday it was taking another major step toward a wholesale central bank digital currency (CBDC) with...
Barclays hires sales trader in Hong Kong after pullback
The firm is making a global push to expand the business and build out its platform by ploughing more capital into profitable...
Japan's wholesale inflation slows, relieves interest rate-hike pressure
TOKYO :Japan's annual wholesale inflation slowed in June for the third successive month, data from the Bank of Japan showed on Thursday, backing up the central bank's view that price pressure from rising raw material costs will gradually dissipate.While food prices continued to rise steadi ...
Japan June wholesale prices rise 2.9% y/y
TOKYO :Japan's annual wholesale inflation slowed in June for the third straight month, data showed on Thursday, backing up the central bank's view that price pressures from rising raw material costs will gradually dissipate.The corporate goods price index (CGPI), which measures the price c ...
Trump unveils new tariff rates, including 50% levy on Brazil
Hadriana Lowenkron / Bloomberg - US President Donald Trump unveiled a new round of tariff demand letters on Wednesday, including a 50% rate on Brazil, one of the highest so far announced for the levies which are set to hit in August. Trump cited the treatment of former President Jair Bolsonaro — a right-wing populist leader — i ...
AI chip startup Groq discusses US$6 billion valuation, The Information reports
US semiconductor startup Groq has spoken to investors about raising between US$300 million and US$500 million at a US$6 billion post-investment valuation,...
India plans to kickstart rare-earth output to cut China reliance
Salamat Sanwan - Currently, producing magnets in the South Asian nation without subsidies is nearly impossible
AI chip startup Groq discusses $6 billion valuation, The Information reports
U.S. semiconductor startup Groq has spoken to investors about raising between $300 million and $500 million at a $6 billion post-investment valuation, The Information reported on Wednesday, citing people with knowledge of the matter.The company is seeking the cash to fulfill a recently inked deal wi ...
Samsung’s bet on foldable phones faces major test with slimmer new model
[SEOUL] Samsung Electronics on Wednesday unveiled thinner, lighter new foldable phones as it aims to fend off Chinese competition in the higher-margin, premium segment...
Opec bars five leading news organisations from oil conference
Most meetings are now held online, a move that’s deprived reporters of the traditional opportunity to question ministers before and after production...
Nvidia becomes first company to reach US$4 trillion in value
[NEW YORK] Nvidia became the first company to touch US$4 trillion in market value on Wednesday, a new milestone in Wall Street’s...
Microsoft touts US$500 million AI savings while slashing jobs
Artificial intelligence implementation has fuelled replacement anxiety for many workers, particularly in the tech industry
Oil steady on strong petrol demand, Red Sea attacks while Trump tariffs loom
[HOUSTON] Oil prices were steady on Wednesday as investors weighed strong US petrol demand data and attacks on shipping in the Red Sea, while...
Europe: Shares close at four-week high on banks boost; US trade talks in focus
EUROPEAN shares closed at a four-week high on Wednesday, with banks the biggest boost as investors awaited signs of progress on a...
US: Nasdaq ends at record as stocks shrug off latest Trump tariffs
[NEW YORK] The Nasdaq vaulted to a fresh record on Wednesday, shrugging off new tariff threats from President Donald Trump as Nvidia...
US Fed minutes show committee split around inflation worries
Trump has expanded the use of tariffs on US trading partners, while forging ahead with policy changes on taxes, immigration and regulation,...
