Posts by Riah Marton
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 America is planning for a recession. Corporate chiefs from Delta Air Lines to Walmart are warning of a wave of pessimism that’s swamping demand and making…
Read MoreReal Housewives Star Makes Iconic Reveal as Yorkie on The Masked Singer
Michael Becker/FOX/Phylicia J. L. Munn/Bravo “Guys, I’m a funny person,” the “XXPEN$IVE” singer said upon her elimination. “They just don’t let me be funny on the other show.” Erika added that her diehard fans would recognize her singing voice in “two seconds,” so she had to lean into other aspects of her personality to throw…
Read MoreStocks to watch: ST Engineering, SGX, SIA, DBS, UOB, Venture Corp, YZJ Shipbuilding
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Apr 10). ST Engineering: The company announced on Thursday that its urban solutions business has secured a S$1.4 billion contract to provide turnkey rail services for the new Taichung mass rapid transit Blue Line. The contracted scope covers a…
Read MoreStocks to watch: ST Engineering, SGX, SIA, DBS, UOB, Venture, YZJ Shipbuilding, CapitaLand Investment
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Apr 10). ST Engineering: The company announced on Thursday that its urban solutions business has secured a S$1.4 billion contract to provide turnkey rail services for the new Taichung mass rapid transit Blue Line. The contracted scope covers a…
Read MoreTrump 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 for the American steel producer. The comment appeared to contradict recent actions by the Trump administration. On Monday, Trump directed a national security panel to take…
Read MoreVirgin 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 trade war, sources familiar with the matter said. Virgin Australia’s new chief executive officer Dave Emerson has already started to brief potential domestic investors and will…
Read MoreApple’s iPhone cost could rise 90% if it’s made in US: Bank of America report
[LUTON] It’s possible for Apple to move its iPhone production to the US, but it would almost double the cost of making the device while creating logistical headaches, according to the Bank of America (BOA). “The cost of an iPhone can increase 25 per cent purely on higher labour cost in the US,” a group…
Read MoreThe Best Bags and Purses To Bring On Your Vacation
The products featured in this article are from brands available in NBCUniversal Checkout. E! makes a commission on purchases. If you’re packing for a vacation, you’re probably trying put together some easy outfits. But before you stuff your suitcase to the brim, don’t forget to pack a few purses and bags. A bag or purse might…
Read MoreNike’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, the wholesalers that sell the goods and ultimately shoppers will all likely share portions of the cost, according to a source familiar with the matter…
Read MoreEurope: Shares resume selloff as trade war escalates; healthcare slumps
EUROPEAN shares tumbled further on Wednesday as China more than doubled its tariffs on US imports, with healthcare stocks leading declines after US President Donald Trump threatened more sector-specific tariffs. The pan-European Stoxx 600 slumped 3.5 per cent to 469.89 points, as the previous session’s rally fizzled out. The healthcare sector fell 5.8 per cent to…
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