Posts by Stephanie Irvin
Trump says he will introduce 25% tariffs on autos, pharmaceuticals and chips
US PRESIDENT Donald Trump said on Tuesday (Feb 18) he intends to impose auto tariffs “in the neighbourhood of 25 per cent” and similar duties on semiconductors and pharmaceutical imports, the latest in a series of measures threatening to upend international trade. On Friday, Trump said levies on automobiles would come as soon as Apr…
Read MoreIntel has biggest rally since 2020 on breakup speculation
INTEL soared 16 per cent on speculation that the iconic chipmaker could be broken up in a deal involving Taiwan Semiconductor Manufacturing Company (TSMC ) and Broadcom. TSMC has discussed the idea of operating Intel’s US factories and owning a controlling stake in the venture, Bloomberg News reported last week. Broadcom, meanwhile, has held informal…
Read MoreUS: Wall St opens higher with Fed policy, Trump tariffs in focus
WALL Street’s main indexes opened higher on Tuesday (Feb 18), as investors focused on potential tariff developments and the US Federal Reserve’s interest-rate strategy following last week’s drop in Treasury yields. The Dow Jones Industrial Average rose 37.8 points, or 0.08 per cent, at the open to 44583.91. The S&P 500 rose 7.0 points,…
Read MoreParkson Retail Asia reports S$5.8 million in Q4 profit
Earnings per share for its continuing operations stands at S$0.0086, down from S$0.0116 previously DEPARTMENT store operator Parkson Retail Asia posted net profit of S$5.8 million for the fourth quarter ended Dec 31, down 26.3 per cent from S$7.8 million the year before. The figure excludes its discontinued operations. Revenue for the quarter went up…
Read MoreEx Parte Hearing? Don’t Panic, Read This First
Getting a notice for an ex parte hearing can feel overwhelming, especially if you’re unfamiliar with the process. But don’t let the legal jargon or urgency throw you off. These hearings are often about addressing emergencies, and there are steps you can take to handle them effectively. Let’s break this down so you know what…
Read MoreRobinhood expects to launch crypto products in Singapore in 2025
ROBINHOOD Markets plans to launch Singapore crypto offerings in 2025 through an entity of European digital-assets exchange Bitstamp, which it recently acquired. The company intends to roll out the services with guidance from local regulators by late 2025, although it has not yet set a launch date, said Johann Kerbrat, vice-president and general manager of…
Read MoreAsia: Tech rally helps Hong Kong lead markets higher
HONG Kong resumed its tech-led rally on a healthy day for Asian markets on Tuesday (Feb 18) as a meeting between President Xi Jinping and China’s top business leaders fanned hopes that a years-long crackdown on the private sector is coming to an end. The Hang Seng Index’s gains extended an impressive start to the…
Read MoreTPG proposes to privatise Econ Healthcare in S$88 million deal
US private equity firm TPG, through its special purpose vehicle, is looking to take Catalist-listed nursing operator Econ Healthcare (Asia) private by way of a scheme of arrangement, in a near S$88 million deal. Incorporated in the Cayman Islands, the offeror Enabler Bidco is looking to acquire all of the issued shares of Econ Healthcare,…
Read MoreVirgin overtakes Qantas as Australia’s largest domestic airline
VIRGIN Australia overtook Qantas Airways to become Australia’s largest and most reliable airline at the end of last year, sending a warning to the marquee carrier and supporting a potential return to the stock market. Bain Capital-owned Virgin Australia garnered a domestic market share of 35 per cent as at December, surpassing Qantas’ 34.6 per…
Read MoreIndonesia amends mining law to boost access, support processing
Indonesia is a major coal exporter and has rich deposits of tin, copper and bauxite, among other metals INDONESIA’S parliament on Tuesday (Feb 18) passed a bill to revise the country’s mining law, aimed at boosting development of domestic mineral processing industries and regulating mining access for small businesses and religious groups. The amendment seeks…
Read More