Posts by Stephanie Irvin
Airbus plans to buy US$2 billion of parts from India every year
Indian carriers have a pending order book of about 1,800 aircraft, one of the world’s largest order pipelines [NEW DELHI] Airbus plans to bolster its sourcing from India to US$2 billion a year by 2030 – a jump of almost 43 per cent from the current levels – as it eyes growing sales in the…
Read MoreGoogle launches new Ironwood chip to speed AI applications
The new chip brings functions from earlier split designs together and increases the available memory, which makes it better suited for serving AI applications [SAN FRANCISCO] Alphabet’s on Wednesday (Apr 9) unveiled its seventh-generation artificial intelligence (AI) chip named Ironwood, which the company said is designed to speed the performance of AI applications. The Ironwood…
Read MoreST Engineering bags S$1.4 billion contract for Taichung MRT Blue line
[SINGAPORE] ST Engineering announced on Thursday (Apr 10) that its urban solutions business secured a S$1.4 billion contract to provide turnkey rail services for Taiwan’s new Taichung mass rapid transit (MRT) Blue line. This deal was awarded by the Rapid Transit System Bureau of the Taichung City Government. It is part of a broader contract…
Read MoreSingapore’s STI up around 5% as Trump takes a pause on tariffs
[SINGAPORE] Singapore stocks soared in a relief rally after US President Donald Trump announced on Wednesday (Apr 9) a 90-day pause to his steep reciprocal tariffs on his “worst offender” countries, lowering them to 10 per cent during the period. The Straits Times Index (STI) rallied as much as 8.7 per cent shortly after the…
Read MoreStocks to watch: ST Engineering, SGX, SIA, DBS, UOB, Venture Corp
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Apr 10). ST Engineering: The company announced on Thursday that its urban solutions business has secured a S$1.4 billion contract to provide turnkey rail services for the new Taichung mass rapid transit Blue Line. The contracted scope covers a…
Read MoreVirgin Australia targeting June IPO despite tariff turmoil: sources
[SYDNEY] Bain Capital-controlled airline Virgin Australia is pushing ahead with plans for an initial public offering (IPO) in June, despite the market turmoil caused by US President Donald Trump’s trade war, sources familiar with the matter said. Virgin Australia’s new chief executive officer Dave Emerson has already started to brief potential domestic investors and will…
Read MoreAuthor of explosive Meta memoir stars at US Senate hearing, details Zuckerberg working with China
[SAN FRANCISCO] The former Facebook employee behind a scathing book about parent company Meta on Wednesday alleged that the social networking giant collaborated with the Chinese government on artificial intelligence, censorship and more, then lied to Congress about what it was doing. Former global policy director Sarah Wynn-Williams, who worked at the company from 2011…
Read MoreAmazon cancels some inventory orders from China after tariffs
[SEATTLE] Amazon.com has cancelled orders for multiple products made in China and other Asian countries, according to a document reviewed by Bloomberg and sources familiar with the matter, suggesting the company is reducing its exposure to tariffs imposed by US President Donald Trump. The orders for beach chairs, scooters, air conditioners and other merchandise from…
Read MoreIn China, whispers of change as some companies tell staff to work less
[BEIJING] A handful of major Chinese companies like home appliance maker Midea have new badges of honour this year: mandatory clock-off times for staff and bans on after-hours meetings. Staff at Midea once toiled till late in the evening, but now they’re told to leave by 6.20 pm. The company’s page on social media app…
Read MoreJapan’s Nikkei down 3.9% at close
[TOKYO] Tokyo stocks ended almost four per cent lower on Wednesday (Apr 9) and the yen firmed against the dollar after US tariffs against countries including Japan came into force. The Nikkei 255 index of shares ended the day down 3.93 per cent at 31,714.03. The yen came off earlier highs to trade at 145.27…
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