News
Singapore banks face nickel questions
[SINGAPORE] Singapore’s three banks have come under an uncomfortable spotlight for their financing of Indonesia’s Harita Nickel, a mining company whose smelters and refineries are primarily coal-powered.The attention is...
Asia: Equities resume selloff as Trump cranks up trade war
[HONG KONG] Equities and oil plunged again on Wednesday after Donald Trump ramped up his trade war by hitting China with tariffs of more than 100 per cent as...
TSMC could face US$1 billion or more fine from US probe: sources
TAIWAN Semiconductor Manufacturing could face a penalty of US$1 billion or more to settle a US export control investigation over a chip it made that ended up inside a...
China drives record gold ETF inflows as trade war deepens
[NEW YORK] Chinese investors funnelled a record amount of cash into gold-backed exchange-traded funds (ETFs) last week, drawn by the safety of the asset as combative trade war rhetoric...
Hedge funds move into Asia power market with new hires
[SINGAPORE/TOKYO] Hedge funds have joined the hunt for power-trading talent in Asia, as they push into the region’s increasingly active and volatile electricity markets with the aim of offsetting...
After Trump tariffs, Malaysia gloves could be priced out in non-US markets
[SINGAPORE] Glove makers in Malaysia are more likely to weather the tariff-induced storm as the duties imposed on the country’s exports to the United States are lower than other...
Apple’s historic sell-off has bulls balking from tariff risks
[NEW YORK] A sharp sell-off in shares of Apple illustrates investor scepticism about its ability to navigate US President Donald Trump’s tariffs on China, Vietnam and India – countries...
Europe: Shares notch best session since November 2022 after tariff-sparked pullback
EUROPEAN shares rose from 14-month lows on Tuesday, after four straight sessions of heavy selling, although investors continued to closely watch developments as countries responded to sweeping US tariffs.The pan-European Stoxx...
Wall Street braces for souring corporate earnings amid trade war
[NEW YORK] US stocks reeling from the impact of President Donald Trump’s tariffs face another big test starting later this week: corporate earnings. And they’re not looking good. Investors...
Greenback falls as prospect of tariff talks calms global markets
THE US dollar fell on Tuesday (Apr 8) while the euro perked up as stocks bounced in Asia and Europe on hopes that US President Donald Trump will enter...
