Posts by Stephanie Irvin
JD.com to add 100,000 delivery riders in China to take on Meituan
The move is a response to a rival forbidding riders from accepting delivery orders from JD, the company says Published Mon, Apr 21, 2025 · 01:40 PM [NEW YORK] JD.com plans to add 100,000 full-time riders within the next three months, amplifying its food delivery push as competition against market leader Meituan heats up. The…
Read MoreDHL to stop global shipments worth over US$800 to US consumers
Published Mon, Apr 21, 2025 · 12:53 PM [WASHINGTON] Global shipping giant DHL will “temporarily” suspend the shipping of parcels worth more than US$800 from businesses to individuals in the United States as at Monday (Apr 21), the company said, citing delays in US customs clearances. “As a result of recent US Customs regulatory updates,…
Read MoreStocks to watch: ST Engineering, Keppel, Keppel DC Reit, CDL, ICP
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Apr 21). ST Engineering: Ravinder Singh, group chief operating officer (technology and innovation) and president for defence and public security, will retire on May 31. Mervyn Tan, managing director for investment at venture capital firm Vertex, will join the…
Read MoreChina shipbuilders rip Trump’s ‘short-sighted’ US port fees
The government has protested against the “discriminatory” steps on Friday, urging Washington to “correct wrongdoings”. Published Mon, Apr 21, 2025 · 07:13 AM [BEIJING] China’s shipbuilders on Saturday (Apr 19) blasted as “short-sighted” US port fees announced by US President Donald Trump’s administration on China-linked ships, a measure aimed at the nation’s shipbuilding industry. Trump…
Read MoreVolvo to cut up to 800 US jobs as Trump’s tariffs bite
Published Mon, Apr 21, 2025 · 06:50 AM [NEW YORK] Volvo Group plans to lay off as many as 800 workers at three US facilities over the next three months due to market uncertainty and demand concerns in the face of US President Donald Trump’s tariffs, a spokesperson said on Friday (Apr 18). Volvo Group…
Read MoreTesla to delay US launch of affordable EV, a lower-cost Model Y: sources
[SAN FRANCISCO/NEW DELHI/SEOUL] Tesla’s long-awaited plans for an affordable car include a US-made, stripped-down version of its best-selling electric SUV, the Model Y, but the production launch has been delayed, three sources with knowledge of the matter told Reuters. Tesla has promised affordable vehicles beginning in the first half of the year, providing a potential…
Read MoreKeppel DC Reit lead independent director Kenny Kwan fails to get re-elected at AGM
[SINGAPORE] Keppel DC Real Estate Investment Trust (Reit) lead independent director and chair of its nomination and remuneration committee Kenny Kwan failed to get re-elected at the annual general meeting (AGM) on Apr 15. About 49.9 per cent of the votes cast endorsed his reappointment as a director, representing 632,589,622 units. The 50.1 per cent…
Read MoreQ&M Dental seeks secondary listing on Bursa; demands 72.3 million yuan from Aoxin Q&M CEO
[SINGAPORE] Q&M Dental Group is proposing a secondary listing on the main market of Bursa Malaysia. The move would broaden its investor reach and base, as well as potentially increase the liquidity of its shares through separate trading platforms, the Singapore-listed company said in a bourse filing on Thursday (Apr 17) night. It added that…
Read MoreUS House committee calls on JPMorgan, BofA to drop roles in mega HK listing of battery maker CATL
[HONG KONG] The chairman of a US congressional committee on China is calling on Bank of America and JPMorgan Chase to withdraw from working on the Hong Kong first-time share sale of battery maker Contemporary Amperex Technology Co Limited (CATL), which could be the year’s biggest listing. The two banks are exposing themselves and their…
Read MoreBoeing jet returns to US from China amid tariff war
[SEOUL] A Boeing jet that arrived at a completion plant near Shanghai last month appeared to be returning to Seattle, flight tracking data showed on Friday (Apr 18), in a sign that at least one Chinese airline could be halting deliveries due to US tariffs. The US planemaker was reported earlier this week to face…
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