Posts by Mark Darwin
Multibillion dollar exodus hits China ETFs amid Trump tariff war
[SAO PAULO] Investors are dumping exchange-traded funds tracking Chinese stocks at a record pace as the world’s biggest economies face off in an escalating trade war that is set to challenge global growth. Outflows from US-listed emerging market ETFs that invest across developing nations, as well as those that target specific countries, totalled US$5.57 billion…
Read MoreHonda to make 90% of US sales locally by relocating Mexico, Canada production, Nikkei reports
The automaker plans to increase US vehicle production by as much as 30% over two to three years Published Tue, Apr 15, 2025 · 05:59 PM [TOKYO] Honda is considering switching some car production from Mexico and Canada to the US, aiming for 90 per cent of cars sold in the country to be made…
Read MoreFrasers Property COO Anthony Boyd leaving amid senior management changes
[SINGAPORE] Several of Frasers Property’s senior management team will be leaving the company, including group chief operating officer (COO) Anthony Boyd and group chief digital officer Samuel Tan. According to an internal memo seen by The Business Times, Boyd will be stepping down from his role on Jul 4 after two decades in the real…
Read MoreChina to tighten EV battery rules to reduce fire and explosion risks
The standards, said to have been approved by regulators in March but not publicly available until now, are to be implemented from July 2026 Published Tue, Apr 15, 2025 · 05:05 PM [BEIJING] China is tightening regulations on battery-powered vehicles and will require its automakers to comply with higher battery safety standards, aiming to reduce…
Read MoreMalaysia telco U Mobile to partner with China’s Huawei and ZTE for 5G network
U Mobile secures a government contract to roll out Malaysia’s second 5G network Published Tue, Apr 15, 2025 · 03:41 PM [KUALA LUMPUR] Malaysian mobile data service company U Mobile said on Tuesday (Apr 15) it will use infrastructure technology from China’s Huawei Technologies and ZTE to roll out Malaysia’s second 5G network. Malaysia announced…
Read MoreMore luxury car purchases by alleged nickel fraudster, the court heard
[SINGAPORE] Ng Yu Zhi, the alleged nickel fraudster, bought a vintage Mercedes Benz for his girlfriend Qian Yijun for S$288,000 – half a year after he had bought her a Mercedes Benz for S$550,000. He also purchased at least three more cars around this period, paying nearly S$1 million. The High Court continued to hear…
Read MoreChina’s Duality Biotherapeutics shares rise 130% in Hong Kong debut
[SYDNEY] Duality Biotherapeutics stock more than doubled on its Hong Kong debut on Tuesday (Apr 15), after the Chinese firm raised US$213 million in an initial public offering (IPO) launched the day financial markets reacted savagely to a US tariffs announcement. The stock rose as high as HK$218 each, a gain of 130.4 per cent…
Read MoreNomura scales back China wealth unit, seeks new securities CEO
[HONG KONG] Nomura Holdings has scaled back its original focus on China wealth to prioritise an expansion in brokerage and asset management in the world’s second largest economy, according to sources with knowledge of the matter. Nomura Orient International Securities has trimmed staffing by about two-thirds in its China wealth business over the past two…
Read MoreMorgan Stanley, JPMorgan lead US$16.5 billion bank borrowing spree
[NEW YORK] Morgan Stanley and rival JPMorgan Chase are raising a combined US$14 billion in the US investment-grade market on Monday (Apr 14), the first of the six biggest banks on Wall Street to tap primary debt markets after reporting first-quarter earnings. Four notes totalling US$8 billion are being offered by Morgan Stanley while JPMorgan…
Read MoreCATL reports 33% jump in net income even as battery prices fall
[HONG KONG] Chinese battery making giant Contemporary Amperex Technology Co Limited (CATL) reported a 33 per cent jump in first-quarter earnings, defying a slowdown in demand for electric vehicles (EVs) and a drop in the prices of the cells that power them. Net income came in at 14 billion yuan (S$2.5 billion), versus estimates of…
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