News
India says ‘no’ to BYD while wooing rival Tesla to invest
With a 100 per cent duty on fully built vehicles – by far the highest among major economies – the country has long shielded domestic players with steep tariffs[DELHI]...
Gold prices recover as trade war tensions lift safe-haven demand
[BENGALURU] Gold prices edged higher on Tuesday (Apr 8) from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the...
Businesses anxious over tariffs, Fed must look at ‘hard data’ in policy response: official
CHICAGO Federal Reserve Bank President Austan Goolsbee said that businesses are anxious about US President Donald Trump’s tariffs but that the central bank would need to look at “hard...
Chinese shipping earnings face ‘harder-than-expected’ tariff hit as recession risks rise
[HONG KONG] Chinese shippers may see an outsized hit on earnings as the latest tariffs from US President Donald Trump risk hammering global trade.Container liners such as Cosco Shipping...
PBOC set to reveal hand on yuan as depreciation talk mounts
[NEW YORK] A dramatic escalation in the trade war has brought China to a crossroads, with policymakers set to decide if they should retain a tight grip on the...
Oil prices slide 2% to near 4-year low as US trade conflict fuels recession fears
[NEW YORK] Oil prices slid 2 per cent to a near four-year low on Monday on worries US President Donald Trump’s latest trade tariffs could push economies around the world into...
US: Dow, S&P 500 lower after volatile session; Nasdaq ends positive
[NEW YORK] Wall Street stocks finished mostly lower on Monday following a volatile session amid rising recession worries due to President Donald Trump’s trade wars.Both the Dow and S&P 500 ended...
Tesla shares drop amid auto tariffs and ‘brand crisis’
Tesla shares took a hit Monday after a leading analyst slashed his price target by more than 40%, citing a “perfect storm” created by President Trump’s auto tariffs and...
DBS’, Bank of China’s printing vendor hit by ransomware attack; more than 11,000 customers affected
[SINGAPORE] About 8,200 customers of DBS Bank – as well as 3,000 from the Bank of China’s Singapore branch – have had their customer information compromised after a printing...
Tesla shares plunge below Lutnick’s ‘never this cheap’ level
[NEW YORK] Tesla’s stock extended losses on Monday (Apr 7), dropping below a price at which Commerce Secretary Howard Lutnick predicted they’d never fall to again.The shares plunged as...
