Posts by Stephanie Irvin
China EV battery giant CATL’s Hong Kong IPO positive for mainland listings: Morningstar
[SINGAPORE] Chinese electric vehicle battery maker Contemporary Amperex Technology Company Limited (CATL) has drawn strong demand in its Hong Kong IPO on Tuesday – the world’s largest listing this year. CATL shares jumped in its Hong Kong trading debut, raising HK$35.7 billion (S$5.9 billion) despite being blacklisted by the Pentagon and amid geopolitical unstability. Shares…
Read MoreCATL rises in Hong Kong trading debut after world’s top listing in 2025
[HONG KONG] Contemporary Amperex Technology Co Limited (CATL) rose in its Hong Kong trading debut after the Chinese battery giant wrapped up the world’s biggest listing this year by raising HK$35.7 billion (S$5.9 billion) despite being blacklisted by the Pentagon and grinding through geopolitical storms. Shares of CATL, as the largest maker of electric vehicle…
Read MoreTop Vietnam steelmaker says local building boom will fuel growth
[HANOI] Vietnam’s top steelmaker Hoa Phat Group is counting on the nation’s rising economic growth and massive infrastructure projects from railways to seaports to fuel the company’s expansion and cushion any fallout from US tariffs. The company targets 15 per cent annual revenue growth in the 2025 to 2030 period, chief executive officer Nguyen Viet…
Read MoreGM to stop exporting vehicles from US to China, company says
Published Tue, May 20, 2025 · 07:09 AM [DETROIT] General Motors informed employees and dealers for its China export business on Thursday in China that it would stop shipping vehicles to China from the United States, the company said. The move comes as the United States and China continue discussions on tariffs and other trade…
Read MoreUS Federal Reserve officials signal rates likely to stay on hold until at least September
[NEW YORK] Two US Federal Reserve officials, including New York Fed chief John Williams, suggested policymakers may not be ready to lower interest rates before September as they confront a murky economic outlook. “It’s not going to be that in June we are going to understand what’s happening here, or in July,” Williams said on…
Read MoreUS: Stocks end higher, shrugging off Moody’s downgrade
[NEW YORK] Wall Street stocks edged higher on Monday after shrugging off a spike in US Treasury bond yields following Moody’s downgrade of the US credit rating. But yields subsequently eased as markets concluded Moody’s analysis contained no surprises. After the knee-jerk reaction, “the market settles down and focuses on the economic fundamentals,” said Subadra Rajappa, Head…
Read MoreUS: Wall St opens lower after Moody’s rating cut; yields rise
Published Mon, May 19, 2025 · 09:51 PM [NEW YORK] Wall Street’s main indexes opened lower on Monday (May 19) as Treasury yields rose after Moody’s downgraded the US sovereign rating, sharpening focus on its mounting debt. The Dow Jones Industrial Average fell 111.9 points, or 0.26 per cent, at the open to 42,542.81. The…
Read MoreDFI Retail Group’s Q1 underlying profit falls 18% on sale of Chinese supermarket
[SINGAPORE] DFI Retail Group’s underlying profit for Q1 2025 fell 18 per cent compared with the same period a year ago, due to the divestment of Yonghui Superstores last year. The Chinese supermarket operator contributed US$23 million in earnings in the corresponding period a year ago. Excluding the divestment, the underlying profit of the…
Read MoreOssia appoints Asian Corporate Advisors as independent financial adviser for privatisation offer
The controlling shareholders of Ossia have made an unconditional offer on May 15 to take the company private at S$0.16 a share [SINGAPORE] Mainboard-listed Ossia International has appointed Asian Corporate Advisors as the independent financial adviser (IFA) for the unconditional offer made by Ossia’s controlling shareholders to take the lifestyle products retailer and distributor private.…
Read MoreSTI slips 0.6%, weighed down by US credit rating downgrade
[SINGAPORE] Singapore shares closed the first trading day of the week lower, as with most of the regional major indexes, as United States equity and bond futures slid in early Asia trading after the American government got its top credit rating downgraded a notch. Singapore’s blue-chip barometer Straits Times Index (STI) dipped 0.6 per cent…
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