Posts by Mark Darwin
Apple considers raising iPhone prices, WSJ reports
Raising prices could help tech giant cushion higher costs stemming from tariffs that have hampered global supply chains Published Mon, May 12, 2025 · 08:13 PM [NEW YORK] Apple is weighing price hikes for its upcoming fall iPhone lineup but is keen to avoid linking any increases to US tariffs on imports from China, where…
Read MoreCobalt Holdings plans London’s biggest IPO in two years
[LONDON] Cobalt Holdings unveiled plans for an initial public offering in London in what could potentially be the biggest UK first-time share sale in more than two years. The firm, which purchases and hold physical stock of the key battery metal, wants to raise about US$230 million through the sale of new shares, according to…
Read MoreNissan to cut over 10,000 more jobs globally
Published Mon, May 12, 2025 · 05:35 PM [TOKYO] Nissan Motor will slash more than 10,000 jobs globally, bringing the total cuts including previously announced layoffs to about 20,000 or 15 per cent of its workforce, Japan’s public broadcaster NHK reported on Monday (May 12). The struggling Japanese carmaker last month warned it would likely…
Read MoreMarkets rally after China and US slash tariffs for 90 days
[HONG KONG] Stocks rallied on Monday (May 12) after Chinese and US officials held “substantial” trade talks and slashed their tit-for-tat tariffs for 90 days, fuelling hopes the two sides will pull back from a standoff that has rattled global markets. Investors have been on a rollercoaster ride since Donald Trump unveiled eye-watering tolls on…
Read MoreGold falls as trade talks, easing tensions affect haven demand
Published Mon, May 12, 2025 · 07:33 AM [SINGAPORE] Gold fell as its haven status was affected by signs of progress in trade talks between US and China, along with some relief to geopolitical tensions. Bullion fell as much as 1.4 per cent in early trading in Asia, following a weekly gain of 2.6 per…
Read MoreInvestors seeking emerging currency bargains zero in on Asia
[SINGAPORE] After years of coming second to popular Latin American carry trades, Asian currencies are finding their cheapness has become an asset as traders seek to capitalise on the dollar’s eroding premium status. Currencies such as South Korea’s won, the Indonesian rupiah, and the Indian rupee rank among the most undervalued in emerging markets relative…
Read MoreGreenback set for weekly gain amid US trade deal optimism
THE US dollar was on track for a weekly gain against major currencies, including the Swiss franc, yen and euro on Friday (May 9), after a US-UK trade deal increased optimism about upcoming US-China talks. Financial markets headed into the weekend with the focus squarely on the ongoing trade negotiations between Washington and Beijing in…
Read MoreAlphabet shares take US$138 billion blow as search warnings blare
FOR more than a year, Alphabet shareholders have fretted over long-term risks posed by artificial intelligence (AI) to the company’s money-printing search business. Last week the threat became much more immediate. Court testimony from an Apple executive on Wednesday (May 7) revealed that the iPhone maker is exploring adding AI services to its Web browser…
Read MoreCATL to raise at least US$4 billion from Hong Kong listing: sources
[HONG KONG] Chinese battery maker CATL is launching its Hong Kong public offering on Monday (May 12), aiming to raise at least US$4 billion at about a 5 per cent discount to its domestic share price, three people with knowledge of the deal said on Sunday. CATL’s Shenzhen-listed shares last traded at 248.27 yuan on…
Read MoreDirector filings across financials, real estate and Singapore’s largest private dental group
OVER the five trading sessions from May 2 to May 8 institutions were net buyers of Singapore stocks, with net institutional inflow of SS$123 million, adding to the S$56 million of net inflow for the preceding four sessions. This brings the net institutional outflow for the 2025 year to May 8 to S$1.61 billion. Institutional…
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