Posts by Mark Darwin
Walmart denies ABC News report it could join investor group to buy TikTok
[NEW YORK] Walmart on Friday (Apr 4) denied a report from ABC News that it was considering joining a group of investors to buy short video app TikTok. Earlier on Friday, ABC News reporter Selina Wang said in a post on X that the world’s largest retailer was “actively considering” joining a group of investors…
Read MoreFed’s Powell says larger-than-expected tariffs mean higher inflation, slower growth
[WASHINGTON] US President Donald Trump’s new tariffs are “larger than expected” and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve chair Jerome Powell said on Friday (Apr 4) in remarks that pointed to the potentially difficult set of decisions ahead for the central bank. “We face a…
Read MoreEurope: Shares confirm correction in worst day since 2020 after China’s tariff response
[BENGALURU] European shares slumped on Friday (Apr 4), with the benchmark Stoxx 600 and Germany’s DAX confirming correction territory, as China’s retaliation to sweeping US tariffs intensified fears of a global recession triggered by the trade war. China announced a slew of countermeasures against tariffs imposed by US President Donald Trump, including additional tariffs of…
Read MoreSembcorp optimistic on 2028 renewables target, China market despite headwinds
[SINGAPORE] Sembcorp Industries is “well-positioned” to achieve its target of 25 gigawatts (GW) of gross installed renewables capacity by 2028, said the company’s chairman and chief executive in its FY2024 annual report. The company’s gross renewables capacity stands at 17 GW as at February, “a notable increase from 12.9 GW a year ago”, said Sembcorp…
Read MoreThe Best Features to Look for in a Landing Page Creator
A well-designed landing page can significantly impact the success or failure of acquiring a first or retaining a paying customer. Landing pages significantly impact conversion rates because they make a favorable first impression on potential clients. However, not every landing page creator comes with similar tools and capabilities. When selecting a solution, it’s essential to…
Read More‘Worst-case scenario’ for tech wipes US$1.4 trillion from Nasdaq
[NEW YORK] There’s virtually nowhere to hide for many US technology companies under President Donald Trump’s new tariff regime, the harshest in a century. After Thursday’s (Apr 3) slump wiped US$1.4 trillion in market capitalisation from the Nasdaq 100 Stock Index, the gauge is down 16 per cent in the past six weeks. The Magnificent…
Read More‘It was an amazing act’: Finian Tan of alleged nickel trading scammer Ng Yu Zhi’s charade
[SINGAPORE] Ng Yu Zhi spoke the traders’ lingo, was always checking nickel prices and, at one point, monitored the hurricane situation in Australia to make sure the loading of his nickel cargo would not be affected. Finian Tan said that when the nickel cargo was loaded uneventfully, he high-fived Ng. “It was an amazing act,…
Read MoreJapan could lose US$17 billion in car exports due to US tariffs, says UN trade agency
The tariffs cover more than US$460 billion worth of US imports of vehicles and auto parts annually [GENEVA] Japan could lose US$17 billion in car export potential in the US following President Donald Trump’s decision to introduce 25 per cent tariffs on the automotive sector, the International Trade Centre (ITC) said on Friday (Apr 4). …
Read MoreMalaysia Smelting warns of disrupted tin output after gas blast
It is not clear when fuel supplies would resume and some shipments of tin could be impacted [KUALA LUMPUR] Malaysia Smelting Corp (MSC), one of the world’s biggest tin producers, has reported disruptions to deliveries from its Port Klang smelter after a pipeline explosion interrupted gas supply, exacerbating pressure on a market already grappling with…
Read MoreJunk bonds suffer worst rout since 2020 with US hit hardest
[NEW YORK] US junk corporate bonds led the biggest slump in global high-yield debt since 2020 as the steepest American tariffs in a century triggered fears about worldwide growth. The extra yield investors demand to own the risky debt instead of Treasuries widened 45 basis points on Thursday (Apr 4) to 386 basis points, marking…
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