News
Euro jumps over 2% against dollar after hefty US tariffs
[LONDON] The euro rallied more than 2 per cent against the dollar on Thursday (Apr 3) and was set for its best day in more than nine years as...
Venture capitalist Finian Tan sought to invest in alleged scammer Ng Yu Zhi’s nickel business
[SINGAPORE] Well-known venture capitalist Finian Tan was told in August 2020 that someone was keen to invest in his funds. That person turned out to be the alleged nickel...
Tariffs disrupt Bitcoin mining supply chain rooted in Asia
[KUALA LUMPUR] Lauren Lin is in a hurry. She has less than 48 hours to ship about 5,600 Bitcoin mining machines from Thailand to the US before tariffs imposed...
Tariffs rip through South-east Asia stocks, sink Vietnam’s market
[HANOI] South-east Asian stocks and currencies fell after Asian emerging nations were given some of the biggest tariff increases by US President Donald Trump. Vietnamese shares tumbled.Vietnam’s main stock...
US emerges as biggest loser in markets from Trump’s tariffs
US equity index futures tumble more than 4% after President Trump announces a sweeping series of tariffs[NEW YORK] Donald Trump’s shake-up of the global trading system is hurting US...
Singapore’s dollar in pole position to extend lead in Asia
Demand for the city-state’s currency may sustain even as expectations for further MAS policy easing grow, with core inflation in February rising at the slowest pace since June 2021[SINGAPORE]...
MAS tells fintech platforms to communicate underlying products in investment accounts clearly: sources
Consumers should be clear that a fintech platform that offers underlying banking products does not equate to it being a bank[Singapore] Fintech platforms have been told by the Monetary...
Starbucks faces new hot spill lawsuits weeks after US$50 million ruling
[LOS ANGELES] Starbucks was facing two new lawsuits over spilled hot drinks on Wednesday (Apr 2), just weeks after a court ordered the coffee giant to pay US$50 million...
Trump signs order ending duty-free treatment for cheap shipments from China
[WASHINGTON] US President Donald Trump signed an executive order on Wednesday that closes a trade loophole known as “de minimis” that has allowed low-value packages from China and Hong...
Stoneweg E-Reit manager unveils proposed conversion to stapled group
The move will enhance corporate structure and has potential to optimise tax efficiency and the holding structure of properties, its manager notes[SINGAPORE] The manager of Stoneweg European Reit (Stoneweg...
