Posts by Mark Darwin
Singapore shares rebound on Thursday, mirroring regional indices; STI up 5.4%
[SINGAPORE] Most of the Straits Times Index (STI) constituents clocked gains on Thursday (Apr 10), as regional indices rebounded. The STI closed up 5.4 per cent or 184.14 points at 3,577.83. The trio of local banks recovered some ground. DBS added 6.8 per cent or S$2.51 to S$39.67; OCBC rose 7 per cent or S$1.01…
Read MoreApple airlifts 600 tonnes of iPhones from India ‘to beat’ Trump tariffs: sources
[NEW DELHI] Tech giant Apple chartered cargo flights to ferry 600 tonnes of iPhones, or as many as 1.5 million, to the US from India, after it stepped up production there in an effort to beat President Donald Trump’s tariffs, sources told Reuters. The details of the push provide an insight into the US smartphone…
Read MoreChina announces quartz discovery vital to chips to rival US mine
The timing of the announcement highlights Beijing’s desire to minimise leverage points the US [BEIJING] China announced it has discovered new deposits of high-purity quartz, a mineral with a small but crucial role in the production of semiconductors and solar panels. High-purity quartz is one of the few critical minerals dominated by the US, with…
Read MoreCargill’s asset network, innovation help food businesses manage market volatility
[SINGAPORE] In agribusiness where volatility stays, food giant Cargill is responding to its customers’ evolving needs with flexibility and innovation. “We are fortunate as Cargill… to have the flexibility to work across different value chains,” John Fering, the company’s group president of food Asia-Pacific (Apac), told The Business Times. One example is Cargill’s innovation in…
Read MoreTSMC sales beat estimates as AI demand soars ahead of US tariffs
Major tech companies, including Alphabet and Meta Platforms, have not revised plans to invest tens of billions of US dollars in artificial intelligence, or talked about a scaleback [TAIPEI] Taiwan Semiconductor Manufacturing Company’s (TSMC) quarterly revenue rose a larger-than-anticipated 42 per cent, reflecting strengthening demand for artificial intelligence (AI) servers and smartphones before US tariffs…
Read MoreTesla’s Saudi Arabia entry puts ‘funding secured’ feud to rest
[RIYADH] Tesla is opening up shop in Saudi Arabia in the latest sign Elon Musk has put to rest a once-bitter feud with one of the kingdom’s most powerful men. The company will showcase its model lineup, plus prototypes of its Cybercab and the humanoid robot Optimus, at a launch event on Thursday (Apr 10)…
Read MoreAsia: Stocks crack higher as Trump delays painful tariffs
[HONG KONG] Asian stocks rocketed on Thursday as investors breathed a huge sigh of relief after Donald Trump announced a pause on crippling tariffs on US partners, with Chinese markets even brushing off his decision to ramp up duties on Beijing to 125 per cent. Equities surged across the board, tracking a blistering performance on…
Read MoreChinese sellers on Amazon to hike prices or exit US as tariffs soar, association says
[SHENZHEN] Chinese companies that sell products on Amazon are preparing to hike prices for the US or quit that market due to the “unprecedented blow” from President Donald Trump’s tariff hikes, the head of China’s largest e-commerce association said. Trump said on Wednesday he would raise tariffs on Chinese imports to 125 per cent from…
Read MoreBusiness Name Protection: Trademark Costs Revealed
When you’re starting a business, protecting your brand is super important. One way to do this is through trademark registration. But how much will it cost? In this article, we’ll break down the various trademark fees involved in the process, so you know what to expect and can budget accordingly. Let’s get into the nitty-gritty…
Read MoreCuckoo Malaysia delays IPO due to volatile global market
The company says it will allow investors who have submitted their applications to withdraw from the initial public offering [SINGAPORE] Household goods maker Cuckoo International (MAL) is postponing its initial public offering (IPO) on the Malaysian stock exchange by two months due to the current global market volatility, according to a statement late Wednesday (Apr…
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