Posts by Stephanie Irvin
China’s GAC starts auto sales in Brazil, eyes local plant by late 2026
[SAO PAULO] Chinese automaker GAC announced on Friday (May 23) its product launch in Brazil, saying it expects its line of hybrid and electric cars to garner market acceptance that would allow it to start building a factory in the country in late 2026. GAC’s move comes at a time of growing competition in the…
Read MoreTrump shocks with US Steel-Nippon approval but details elusive
[NEW YORK] US President Donald Trump on Friday (May 23) announced a partnership between United States Steel and Japan’s Nippon Steel, shocking markets with an agreement he said would keep the once-iconic American firm in the US but otherwise providing no specifics. He stopped short of explicitly endorsing Nippon Steel’s earlier proposed US$14.1 billion takeover…
Read MoreTrump threatens EU, smartphones as tariff rhetoric escalates
[WASHINGTON] US President Donald Trump dug in on his threat to impose a 50 per cent tariff on the European Union and said a potential 25 per cent charge on smartphones would apply to all foreign-made devices, in the latest escalation of a trade war that is rattling markets and confusing businesses. Trump on Friday…
Read MoreOil gains on short-covering, nuclear talks
Published Sat, May 24, 2025 · 06:29 AM [HOUSTON] Oil prices gained on Friday (May 23) as US buyers covered positions ahead of the three-day Memorial Day weekend amid worries over the latest round of nuclear talks between American and Iranian negotiators. Brent crude futures settled at US$64.78 a barrel, up 34 US cents, or…
Read MoreWant to Be a CEO Someday? These Five Success Moves Could Make All the Difference
CEO success isn’t just about a fancy title or corner office views. It’s about leading with vision, navigating pressure with clarity, and building something worth remembering. The path to business leadership comes with decisions that shape your future long before you land at the top. So what separates the ones who rise with purpose from…
Read MoreUS: Wall St falls at open after Trump threatens EU, Apple with fresh tariffs
Published Fri, May 23, 2025 · 09:40 PM [NEW YORK] Wall Street dropped at the open on Friday (May 23) after US President Donald Trump recommended 50 per cent tariffs on the European Union, while Apple slid after he warned the company would have to pay tariffs if its phones were not made in the…
Read MoreRBI’s record US$31.6 billion payout to bolster government finances
A bonanza from the central bank will help meet the government’s 4.4% fiscal deficit target for the current financial year Published Fri, May 23, 2025 · 08:21 PM [NEW DELHI] India’s central bank will give a record dividend to the government, shoring up finances to bolster growth in Asia’s third-largest economy. The Reserve Bank of…
Read MoreManulife US Reit gets nod to extend asset disposal deadline to Dec 31
[SINGAPORE] The manager of United States office real estate investment trust (Reit) Manulife US Reit (MUST) on Friday (May 23) announced it has received approval from lenders to extend the deadline for the disposal of assets by six months to Dec 31. The Reit will use US$25 million in cash, in addition to proceeds from…
Read MoreFoxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal: sources
[HONG KONG] Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about US$3 billion, two people with knowledge of the matter said. UTAC’s owner, Beijing-based private equity firm Wise Road Capital, has hired Jefferies to run a sale process…
Read MoreOutlook for US dollar assets remains stable for now, but investors must watch the market: MAS chief
[SINGAPORE] The outlook for US dollar assets remains stable for the moment although in the near term, the market bears watching, said Monetary Authority of Singapore (MAS) chief Chia Der Jiun at the Qatar Economic Forum on Tuesday (May 20). Earlier on May 16, Moody’s had downgraded the US’ credit rating from “AAA” – the…
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