Posts by Stephanie Irvin
Xiaomi shares extend losses as police investigate EV accident
[HONG KONG] Xiaomi shares suffered another sell-off on Wednesday (Apr 2), signalling unabated investor concerns after Chinese police launched a probe into a deadly accident that involved one of its electric vehicles. The firm’s Hong Kong-listed stock slid 4.2 per cent to close at the lowest level since mid-February, after swinging between losses and…
Read MoreBusiness Credit Cards: The Good, Bad and Ugly
Business credit cards can be a powerful tool for entrepreneurs, but they come with their own set of pros and cons. Understanding the landscape of these cards is essential for making informed decisions. In this article, we’ll explore the benefits, drawbacks, and some key players in the business credit card market, helping you navigate through…
Read MoreTrump tariffs push gold even higher; fears yet fully materialised, say market watchers
[SINGAPORE] Despite earlier expectations of US President Donald Trump’s reciprocal tariffs, investors were caught off guard by the scale and rationale of his latest move, sparking a rush to gold as equities sank. In Asian trading on Thursday (Apr 3), spot gold surged to a fresh high of US$3,167.71 per ounce, while June gold futures…
Read MoreHere are the top 5 performing Singapore stocks in Q1 – DBS, UOB and OCBC are not among them
[SINGAPORE] The Straits Times Index (STI) achieved multiple highs in the first quarter of 2025, driven by factors such as investors flocking to safe havens and fresh records hit by the banks. The index briefly crossed 4,000 for the first time on Mar 28, reaching an all-time high of 4,005.18 points. In Q1 2025, the…
Read MoreWalmart keeps price pressure on suppliers after Beijing pushback
[NEW YORK] Walmart is continuing to push Chinese suppliers to cut prices to offset US President Donald Trump’s tariffs, even after Beijing officials summoned the US retailer’s executives last month to discuss the issue, according to sources familiar with the matter. The world’s largest retailer has not backed down from its requests to suppliers to…
Read MoreHong Kong considers new OTC stock market for delisted companies
[HONG KONG] Hong Kong is drafting rules for an over-the-counter (OTC) market for delisted shares to give investors at risk of owning a growing pile of nearly worthless securities a chance of recouping some losses. The city’s stock exchange and regulator are working on a blueprint for what is commonly referred to as a pink…
Read MoreAustralian, New Zealand dollars exposed to collateral damage from tariff fallout
[SYDNEY] The Australian and New Zealand dollars were left adrift on Wednesday as investors awaited details on US tariffs that could well trigger a global trade war, dragging on economic growth and commodity prices. Neither country has much direct exposure to the United States – under 4 per cent of Australia’s exports go there –…
Read MoreCan DBS turn Panin Bank around? Analysts think so.
[SINGAPORE] A potential acquisition of Indonesia’s Panin Bank could benefit from DBS’ strong track record of turning around unprofitable targets, and is a good place for South-east Asia’s biggest bank to park its surplus capital, analysts have said. Citi research analyst Tan Yong Hong cited DBS’ 2020 acquisition of India’s Lakshmi Vilas Bank as an…
Read MoreFu Yu seeks claims against six individuals after probe
[SINGAPORE] Components manufacturer Fu Yu is pursuing claims against six individuals, including its largest shareholder Victor Lim, over a probe into its unit that made unverifiable arrangements for a payment worth millions. Fu Yu Supply Chain Solutions (FYSCS), a wholly owned subsidiary of the company, was put under investigation after an internal audit revealed that…
Read MoreSembcorp unit proposes to more than double stake in power supplier Senoko Energy
[SINGAPORE] Sembcorp Industries is moving to raise its stake in energy supplier Senoko Energy that could potentially more than double its interest in the company. Its wholly owned subsidiary Sembcorp Utilities has signed a deal to boost its interest in Senoko to a maximum 70 per cent – more than double its current 30 per…
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