Posts by Stephanie Irvin
TSMC shares in focus on return from holiday after DeepSeek jolt
TAIWAN Semiconductor Manufacturing Company (TSMC) will be in focus as shares resume trading on Monday (Feb 3) after a global sell-off in artificial intelligence (AI) linked stocks last week. Investors were caught off-guard by news of Chinese startup DeepSeek’s AI model that almost rivalled leading US developers, causing a rout in chip stocks while Taiwan…
Read MoreCar prices face US$3,000 increase as tariffs hit auto sector
PRESIDENT Donald Trump’s tariffs against Canada and Mexico will threaten production at automakers across North America and send record vehicle prices even higher, with about a quarter of a trillion US dollars in trade set to be disrupted. Trump on Saturday (Feb 1) followed through on his warning to impose 25 per cent tariffs on…
Read MoreStellantis managers to step down as part of shakeup
STELLANTIS is planning another shakeup of its management ranks as the automaker deepens its overhaul following the ouster of chief executive officer Carlos Tavares, according to sources familiar with the matter. Chief software officer Yves Bonnefont is stepping down from his role, said the sources, who asked not to be identified discussing internal matters. Linda…
Read MoreInnoTek shifts gears to AI, EVs to capture industry changes
Already in China, Thailand and Vietnam, the company is mulling a move into Malaysia FACED with a changing disk drive industry more than 15 years ago, InnoTek – previously Magnecomp, a supplier of high-precision disk drive components – sold its core business to a big customer at a “good price”. It then focused on growing…
Read MoreAffidavits: When You Need One and How to Get It Right
Ever found yourself tangled in legal matters and heard the term ‘affidavit’ thrown around? It’s more common than you think. Affidavits are those official documents where you write down facts and swear they’re true. They’re used in all sorts of situations, like court cases, settling estates, or even in some insurance claims. But there’s more…
Read MoreTariffs worry Wall Street over earnings hit, inflation pressure
Investors are bracing for a looming hit to US corporate profits and pressure on inflation after President Donald Trump on Saturday (Feb 1) signed an executive order imposing tariffs on its largest trading partners, with markets seen as not having fully factored in risks from higher levies on foreign imports. The president’s executive order imposes…
Read MoreSteel, aluminium tariffs will impact millions of tonnes of imports
AluminIum and steel were among the first tariffs to be enacted during President Donald Trump’s first term. A revival of those measures is expected Saturday (Feb 1), which would affect millions of tonnes of imported metal. The US relies on foreign supplies to meet demand for metals used in construction and to manufacture vehicles, technology…
Read MoreMeta posts longest rally since 2015 as Wall Street cheers AI bet
Meta Platforms shares posted their longest streak of daily gains in almost a decade, with its latest earnings report adding to investor confidence about its strategy with artificial intelligence (AI). The stock rose 0.3 per cent on Friday, up for a 10th straight session in the longest rally since an 11-day run that ended in…
Read MoreOil posts weekly losses as US set to impose tariffs on Canada, Mexico
Oil prices eased on Friday (Jan 31) and closed the week lower as investors awaited 25 per cent tariffs by the US on Canada and Mexico, expected on Saturday. Brent crude futures for March, which expire on Friday, settled down 11 cents at US$76.76 a barrel. The more actively traded second month futures were down…
Read MoreVeteran bankers Eric Tham and Tan Jeh Wuan to join board of Raffles Medical’s insurance unit
VETERAN bankers Eric Tham and Tan Jeh Wuan have been designated to the board of Raffles Health Insurance as non-executive and independent directors, with effect from Feb 1, 2025. Commenting on their appointments, Raffles Medical Group executive chairman Loo Choon Yong said, “Their vast experience in the banking and financial sector will contribute positively to…
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