Posts by Stephanie Irvin
Chinese firms place US$16 billion in order for new Nvidia chips: report
Washington has banned exports of the company’s most advanced chips to China since 2022 [BENGALURU] Chinese companies including ByteDance, Alibaba Group and Tencent Holdings have placed at least US$16 billion in orders for Nvidia’s H20 server chips in the first three months of the year, the Information reported on Wednesday (Apr 2), citing two sources…
Read MoreApple production hubs hit by tariffs, sending shares plummeting
[LOS ANGELES] Apple is finding itself squarely in the crosshairs of US President Donald Trump’s new tariffs, even after a years-long effort to insulate the iPhone maker from trade wars and supply chain disruptions. A long list of levies unveiled by the White House are poised to hit the company especially hard, triggering an after-hours…
Read MoreUS: Wall Street ends up, but Trump tariff speech sends futures lower
[BENGALURU] US stock indexes finished higher after a choppy trading session on Wednesday (Apr 2), falling early and then rebounding as investors made last-minute bets to position themselves ahead of US President Donald Trump’s sweeping tariff announcements. Trump began speaking after Wall Street closed, and both S&P 500 futures and Nasdaq futures reversed gains as…
Read MoreOCBC to finance £10 billion in UK investments by 2030 under new partnership
[SINGAPORE] OCBC plans to deploy £10 billion (S$17.4 billion) in financing over the next six years to support foreign direct investment into the United Kingdom, the bank said on Wednesday (Apr 2). The funds will be channelled into “priority British growth sectors” – including in energy, transportation, infrastructure, data centres and real estate – by…
Read MoreXiaomi 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…
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