Posts by Stephanie Irvin
Shein executive seeks to reassure investors after Trump crackdown on low-value imports
FAST-FASHION retailer Shein’s executive chairman Donald Tang told investors in a letter on Monday (Feb 17) that “growth remains strong” despite the United States ending the duty-free treatment of low-value e-commerce packages from China and hiking tariffs. Shein is working towards an initial public offering (IPO) in London, but US President Donald Trump’s decision to…
Read MoreShein executive seeks to reassure investors after Trump crackdown on low-value imports
FAST-FASHION retailer Shein’s executive chairman Donald Tang told investors in a letter on Monday (Feb 17) that “growth remains strong” despite the United States ending the duty-free treatment of low-value e-commerce packages from China and hiking tariffs. Shein is working towards an initial public offering (IPO) in London, but US President Donald Trump’s decision to…
Read MoreBHP sees recovery in steel and copper demand, logs lowest profit in six years
BHP sees signs of economic recovery in China and central bank rate cuts reviving demand for steel and copper but flagged risks to global growth from potential trade tensions, as it logged its lowest first-half profit in six years. The world’s largest listed miner on Tuesday (Feb 18) reported an underlying attributable profit of US$5.08…
Read MoreSouth Korea aims to secure 10,000 GPUs for national AI computing centre
SOUTH Korea on Monday (Feb 17) announced plans to secure 10,000 high-performance graphics processing units (GPUs) within this year in a bid to keep pace as the global artificial intelligence (AI) race escalates. “As competition for dominance in the AI industry intensifies, the competitive landscape is shifting from battles between companies to a full-scale rivalry…
Read MoreOil rises as drone strikes Caspian pump station, while Russia-Ukraine peace talks loom
OIL prices strengthened on Monday (Feb 17) as an attack on an oil pipeline pumping station in the Caspian Sea slowed flows from Kazakhstan, while investors monitored developments of a possible Moscow-Kiev ceasefire agreement that could ease sanctions and increase global supplies. The US dollar index, which hovered near a two-month low after weaker-than-expected US…
Read MoreOiltek applies to transfer listing to SGX mainboard
The company says the shift could result in better liquidity and improved share performance VEGETABLE and edible oil engineering process company Oiltek International has applied to move its listing from the Singapore Exchange (SGX) Catalist board to the mainboard. In a bourse filing on Monday (Feb 17), the company said that the move would enhance…
Read MoreTikTok grabs US market share from Shein despite looming risks
TIKTOK Shop, the Bytedance-owned social media giant’s e-commerce feature, saw its sales outdo competition in the US just before President Donald Trump’s disruptive trade actions. The popular video app, which brought in-app shopping to its millions of American users in 2023, continued to surpass Shein and PDD Holdings’ Temu in January, according to Bloomberg Second…
Read MoreECB watchers are now forecasting even lower rates for 2026
Economists expect 0.9 per cent expansion in the euro area this year, down from 1 per cent in the previous poll EURO-ZONE forecasters are increasingly predicting that the European Central Bank (ECB) will resume interest-rate cutting after a pause with a reduction below 2 per cent in 2026. Frankfurt officials are still widely expected to…
Read MoreEvergrande, HNA units ordered to liquidate by Hong Kong’s judge
UNITS of two high-profile Chinese companies received Hong Kong court orders to liquidate, the latest in a string of wind-up decisions in the city as creditors ramp up their legal efforts to recover funds. Tianji Holding became the second key unit of defaulted builder China Evergrande Group to receive a wind-up order this year, following…
Read MoreMarina Bay Sands gets record S$12 billion loan amid tourism boom
The loan will be used for refinancing and to fund the expansion of the company’s integrated resort MARINA Bay Sands has obtained a S$12 billion multi-tranche loan to fund a planned expansion of its casino resort in Singapore, according to a source familiar with the matter, marking the largest such financing in the city state…
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