Posts by Stephanie Irvin
TI and Intel shares sink as China tariffs hit US-made chips
[CHICAGO] Shares of chipmakers with US manufacturing plants fell on Friday (Apr 11) after China announced new tariffs, targeting semiconductor imports. Beijing will raise tariffs on all US goods from 84 per cent to 125 per cent, and the China Semiconductor Industry Association issued an emergency notice, which stated that customs determines the origin of…
Read MoreUS: Wall Street ends whipsaw week higher as Fed comments soothe market
[NEW YORK] Wall Street posted solid gains on Friday (Apr 11) as big banks kicked off first-quarter earnings season and investors closed the book on a turbulent week of wild swings driven by the chaos of US President Donald Trump’s multi-front trade war. All three major US indices ended the session sharply higher after assurances…
Read MoreSingapore shares settle lower on Friday; STI down 1.8%
[SINGAPORE] The Straits Times Index (STI) closed down on Friday (Apr 11), along with most regional indices. The STI closed down 1.8 per cent or 65.3 points at 3,512.53. The trio of local banks lost ground, with DBS coming in as the biggest loser on the STI, settling 3.9 per cent or S$1.54 lower at…
Read MoreQuick Divorce Guide: What You Need to Know
Divorce can feel overwhelming, but it doesn’t have to be a long, drawn-out process. If you’re looking for a quick divorce, there are several options and steps you can take to make it easier. This guide will walk you through the basics of a quick divorce, from understanding your options to preparing for the emotional…
Read MoreTikTok drives ByteDance’s 29% growth while China business slows
[NEW YORK] ByteDance’s revenue jumped 29 per cent to US$155 billion in 2024, after online video phenom TikTok drove a worldwide expansion that helped offset an economic downturn back home in China. Its international sales grew a much quicker 63 per cent to US$39 billion, contributing to roughly a quarter of the topline, according to…
Read MoreBain seeks to raise at least US$7 billion for new Asia PE fund
[HONG KONG] Bain Capital is looking to raise billions of US dollars for its next Asia fund and a special situation fund in the region, as it moves to back private equity (PE) and credit deals in countries from Japan to India, according to sources familiar with the matter. The investment firm plans to raise…
Read MoreBuying the dip, nervous selling drive trading volumes up in Singapore amid tariff volatility
[SINGAPORE] Brokerages recorded a surge in trading activity amid heightened market volatility after US President Donald Trump announced sweeping tariffs on Apr 2. Trading volume for Tiger Brokers’ Singapore platform shot up 124 per cent from Apr 1 to Apr 4, as trading value jumped 313 per cent, said James Ooi, market strategist at Tiger…
Read MoreBerkshire yen bond deal is its smallest ever amid trade war
[TOKYO] Berkshire Hathaway sold 90 billion yen (S$834 million) of bonds on Friday (Apr 11) in its smallest yen deal ever in a market rocked by an escalating trade war. All six tranches in the offering by Warren Buffett’s firm, ranging from three years to 30 years, offered higher premiums than the previous yen note…
Read MoreSingapore’s STI tumbles more than 3% as tariff tensions resume
The US confirms that Trump’s tariff hikes brought the additional rate on many Chinese products to 145% [SINGAPORE] Singapore shares declined more than 3 per cent after the market opened on Friday (Apr 11), as tariff uncertainty returned. The US confirmed on Thursday that President Donald Trump’s tariff hikes brought the additional rate on many…
Read MoreBig US companies went bankrupt at fastest pace since 2010: S&P
[NEW YORK] Large US companies filed bankruptcy at the fastest rate in 15 years to the first three months of 2025, S&P Global Market Intelligence said on Thursday (Apr 10). A total of 188 bankruptcies were filed by large companies to March, the most since 254 such filings were made over the first three months…
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