Posts by Stephanie Irvin
Lured by Thailand perks, China’s EV makers face reality check
IT’S HARD to miss the aggressiveness of Chinese automakers in the Thai market on the drive from Suvarnabhumi Airport into Bangkok: huge billboards featuring BYD, Changan Auto, GAC, Great Wall Motor, SAIC MG and many other Chinese brands line the highways and roads. And on the streets of the capital, Chinese car dealerships are often…
Read MoreUS tariffs provide opportunities for Greenlink Digital Bank: chairman
[SINGAPORE] The continued uncertainty with US tariffs could provide more opportunities rather than challenges to Greenlink Digital Bank (GLDB). GLDB chairman Geng Jing believes that the tariffs could spur deeper cooperation and trade between South-east Asia countries, as well as China. “Tariffs will likely not have a short-term impact but a medium- to long-term one,”…
Read MoreAmazon cloud revenue, income forecast disappoint, shares slide
AMAZON.COM on Thursday reported first-quarter cloud revenue growth and forecast operating income below estimates, disappointing investors. Shares of the company fell as much as 5 per cent in after-hours trading before moderating. Amazon Web Services, the company’s cloud unit, recorded a 16.9 per cent increase in quarterly revenue, to US$29.27 billion, missing expectations of 17.4…
Read MoreRyanair threatens to cancel huge Boeing order if tariffs raise prices
[DUBLIN] Ryanair on Thursday (May 1) threatened to cancel orders for hundreds of Boeing aircraft if a US-led tariff war leads to materially higher prices, and said it could look at alternative suppliers, including Chinese planemaker Comac. The threat by Europe’s largest low-cost carrier and one of Boeing’s biggest customers was the latest sign of…
Read MoreUS: Wall Street leaps at the open on Microsoft, Meta boost
Published Thu, May 1, 2025 · 09:52 PM [NEW YORK] Wall Street’s main indexes jumped at the open on Thursday, powered by shares of Meta and Microsoft, as their strong quarterly results pointed to a resilient outlook for the technology sector. The Dow Jones Industrial Average rose 248.7 points, or 0.61 per cent, at the…
Read MoreGM slashes guidance with up to US$5 billion hit from tariffs
[DETROIT] General Motors cut its full-year profit outlook citing as much as US$5 billion of exposure to auto tariffs, among the biggest financial hits revealed by any company so far from President Donald Trump’s trade war. The automaker now expects earnings before interest and taxes to fall into a range of US$10 billion to US$12.5…
Read MoreQ&M Dental makes cash offer for remaining Aoxin Q&M shares at S$0.0321 each
[SINGAPORE] Mainboard-listed Q&M Dental Group (Singapore) has made a mandatory unconditional cash offer to acquire all the shares it does not already own in its subsidiary Aoxin Q&M at S$0.0321 per share. In a bourse filing on Thursday (May 1), Aoxin Q&M’s board informed shareholders that Q&M had released the offer document on Wednesday. The…
Read MoreNio delivers 53% more vehicles in April following Firefly brand launch
The EV maker officially launched its lower-priced Firefly brand in China on Apr 19, with plans to gradually reach global markets [SINGAPORE] Chinese electric vehicle (EV) maker Nio delivered 23,900 vehicles in April 2025, marking a 53 per cent year-on-year increase, the company said on Thursday (May 1). The total comprises initial deliveries from Firefly, the…
Read MoreAn investor’s guide to navigating the Australian election
THE outcome of Australia’s tight federal election could be the next catalyst for local assets as a tariff standoff between the US and China continues to rattle markets. The benchmark S&P/ASX 200 Index is heading into Saturday’s vote down 5 per cent from its February record high as tensions simmer between the world’s two biggest…
Read MoreTelegram weighs US$2 billion bond sale to refinance 2021 debt
Published Thu, May 1, 2025 · 01:45 PM [DUBAI/LONDON] Telegram is holding investor meetings about a bond sale worth about US$2 billion as the social media app seeks to refinance its debut debt offering from 2021, according to sources familiar with the situation. The messaging service’s managers are holding discussions on offering the new notes…
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