News
US asset sell-off hammers greenback against safe-haven currencies, euro
THE US dollar dropped versus safe-haven currencies and the euro on Wednesday (Apr 9) as investors worried about the economic impact of US tariffs, which spooked the world’s equity...
UOB Kay Hian cuts Sats target price to S$2.89, downgrades it to ‘hold’ on likely tariff impact
[SINGAPORE] Freight handler Sats might be hit by a potential slowdown in globalisation and decline in global trade volume as a result of the United States’ reciprocal tariffs, prompting...
California lawmakers tackle potential dangers of AI chatbots after parents raise safety concerns
When her 14-year-old son took his own life after interacting with artificial intelligence chatbots, Megan Garcia turned her grief into action.Last year, the Florida mom sued Character.AI, a platform...
US exits carbon talks on shipping, urges others to follow
There were plans for the world’s first carbon levy for shipping on greenhouse gas (GHG) emissions[LONDON] The United States has withdrawn from talks in London looking at advancing decarbonisation...
Bank Indonesia will act boldly to maintain rupiah stability
[JAKARTA] Indonesia’s central bank will act boldly to maintain rupiah stability by intervening in the spot, domestic non-deliverable forwards, and bond markets, a deputy governor said on Wednesday (Apr...
Japan’s Nikkei down 3.9% at close
[TOKYO] Tokyo stocks ended almost four per cent lower on Wednesday (Apr 9) and the yen firmed against the dollar after US tariffs against countries including Japan came into...
China engineers orderly yuan drop as trade war threatens growth
[NEW YORK] China is guiding the yuan weaker at a carefully orchestrated pace, as the central bank seeks to blunt some of the economic impact of the trade war...
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...
