Posts by Stephanie Irvin
Cars didn’t arrive after months – so Singapore dealer for China EV brand Neta closed: sources
[SINGAPORE] The abrupt closure of Evology Automobile – the dealer/distributor for China automotive brand Neta – earlier this month happened because expected vehicle stock was not delivered, The Business Times learnt. Industry sources indicated that Evology management decided not to continue operations when its initial shipment of Neta cars had yet to materialise after months…
Read MoreNokia posts quarterly profit miss, flags disruption from Trump’s tariffs
Comparable operating profit fell to 156 million euros (S$232.7 million) in the first quarter of 2025 Published Thu, Apr 24, 2025 · 02:49 PM [HELSINKI] Nokia reported first-quarter profit well below market expectations on Thursday (Apr 24) and flagged a short-term disruption from US tariffs with an estimated impact of between 20 million and 30…
Read MoreLatest Singapore six-month T-bill cut-off yield falls to 2.38%
Demand shrinks with the auction receiving S$16.6 billion in applications for the S$7.4 billion on offer [SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) fell to 2.38 per cent, the auction results by the Monetary Authority of Singapore on Thursday (Apr 24) showed. This marked a decline from the 2.5 per cent…
Read MoreAsia: Markets mostly up as Trump soothes Fed fears
[TOKYO] Asian markets were mixed on Thursday (Apr 24) after US President Donald Trump said he had “no intention” of firing the US central bank head and made conciliatory comments on his trade war with China. Trump’s attacks on the Federal Reserve for not cutting interest rates had raised fears that he would fire its…
Read MoreLas Vegas Sands drops out of contest to develop New York City area casino
Applications are due in June, with a final decision expected by December, according to the New York State Gaming Facility Location Board Published Thu, Apr 24, 2025 · 10:50 AM [LOS ANGELES] Las Vegas Sands is dropping efforts to develop a New York casino, partly over concerns that online betting in the state would crimp…
Read MoreTrump considers reducing Chinese car part tariffs: FT
Published Thu, Apr 24, 2025 · 09:53 AM [NEW YORK] The Trump administration is considering reducing tariffs on auto parts ahead of a May 3 deadline that has drawn the ire of global carmakers, according to the Financial Times (FT). The proposal would exempt car parts from tariffs US President Donald Trump has levied on…
Read MoreNvidia supplier SK Hynix’s profit soars 158% on AI demand boost
[SEOUL] SK Hynix’s operating profit jumped a bigger-than-expected 158 per cent, helped by both a global race in artificial intelligence (AI) and stockpiling ahead of US tariffs of both advanced chips and memory used in PCs and smartphones. The Icheon, South Korea-based company on Thursday (Apr 24) warned that macroeconomic uncertainty create volatility in demand…
Read MoreKering sales drop more than expected in first quarter as Gucci crisis deepens
[PARIS] The crisis at Kering’s flagship Gucci label deepened in the first quarter, the company said on Wednesday (Apr 23) as it flagged possible job cuts with no signs of improvement in sight. Kering’s first-quarter sales, marked by a 14 per cent annual decline with a 25 per cent drop at Gucci came in below…
Read MoreOil falls 2% after sources say Opec+ to mull accelerating output
[HOUSTON] Oil prices slipped 2 per cent on Wednesday (Apr 23) as sources said Opec+ would consider accelerating its oil output increases in June, but losses were curbed following a report that US President Donald Trump may cut tariffs on Chinese imports. Brent crude futures settled down US$1.32, or 1.96 per cent, at US$66.12 a…
Read MoreBusiness Credit Scores: The Numbers Game
When it comes to running a business, understanding your credit score is key. Just like personal credit scores, business credit scores can greatly impact your ability to secure loans, negotiate terms with suppliers, and even affect your insurance rates. In this article, we’ll break down what business credit scores are, how they work, and why…
Read More