News
CEOs brace for recession even after tariff reprieve boosts stocks
[NEW YORK] Donald Trump’s 90-day reprieve on some tariffs sent the stock market soaring on Wednesday (Apr 9). But the chaos sown by the president’s trade war means corporate...
Trump says he does not want to see US Steel go to Japan
[WASHINGTON] US President Donald Trump said on Wednesday he does not want US Steel Corp to go to Japan, suggesting he does not support Nippon Steel’s US$14 billion bid...
Virgin Australia targets June IPO despite tariff turmoil
[SYDNEY] Bain Capital-controlled airline Virgin Australia is pushing ahead with plans for an initial public offering (IPO) in June, despite the market turmoil caused by US President Donald Trump’s...
Virgin Australia targeting June IPO despite tariff turmoil: sources
[SYDNEY] Bain Capital-controlled airline Virgin Australia is pushing ahead with plans for an initial public offering (IPO) in June, despite the market turmoil caused by US President Donald Trump’s...
Apple’s iPhone cost could rise 90% if it’s made in US: BOA
[LUTON] It’s possible for Apple to move iPhone production to America, but it would almost double the cost of making the device while creating logistical headaches, according to Bank...
Nike’s 30-year gamble on Vietnam is rattled by Trump tariffs
[NEW YORK] At Nike headquarters in Beaverton, Oregon, executives are trying to figure out how to best spread the pain of new tariffs.Nike, the factories that produce its goods,...
Amazon cancels some inventory orders from China after tariffs
[SEATTLE] Amazon.com has cancelled orders for multiple products made in China and other Asian countries, according to a document reviewed by Bloomberg and sources familiar with the matter, suggesting...
Coalition urges California attorney general to halt OpenAI’s for-profit restructuring
SAN FRANCISCO — A coalition of California nonprofits, foundations and labor groups are raising concerns about ChatGPT maker OpenAI, urging the state attorney general to halt the artificial intelligence startup’s...
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...
