Posts by Stephanie Irvin
Trump asks Supreme Court to pause law threatening TikTok ban
PRESIDENT-ELECT Donald Trump thrust himself into the high-stakes fight over the fate of TikTok in the US by urging the Supreme Court to pause a law that would ban the social media platform if it is not sold by its Chinese parent company. Trump said the court should give him time after his Jan 20…
Read MoreBrazil yanks temp work visas for China’s BYD after trafficking claims
BRAZIL has stopped issuing temporary work visas for BYD, the Ministry of Foreign Affairs said on Friday (Dec 27), in the wake of accusations that some workers at a site owned by the Chinese electric vehicle (EV) producer had been victims of human trafficking. The announcement came days after labour authorities said they found 163…
Read MoreJBS, Marfrig shares tumble as China launches beef-import probe
SHARES of JBS, the world’s biggest meat company, and other Brazilian beef producers slumped on the news that China is starting a probe into its imports of the meat, which have surged in recent years. The Asian country, the world’s largest beef buyer, will decide if a surge in shipments from overseas has hurt the…
Read MoreChinese bonds post best returns in decade with more gains seen
CHINESE government bonds are primed for their best year in a decade, with local fund managers and strategists predicting more gains for 2025. They are set to reap a 9 per cent total return in 2024, the highest since 2014, as measured by a Bloomberg Index which excludes currency moves. The nation’s 10-year yields have…
Read MoreBank Indonesia’s 25% stake in bond market fuels liquidity fears
INVESTORS in Indonesia are growing increasingly wary about potential stress in the nation’s bond markets as the central bank ramps up debt holdings to record levels. Bank Indonesia now owns about 25 per cent of the country’s outstanding bonds, up from just 5 per cent before the pandemic, amid a buying binge driven by its…
Read MoreNidec announces 257 billion yen unsolicited bid for Makino Milling
JAPANESE manufacturing giant Nidec said on Friday (Dec 27) it planned to launch a tender offer for Makino Milling Machine at a 42 per cent premium to Thursday’s closing share price, with or without the target company’s approval. Nidec said it would spend about 257 billion yen (S$2.2 billion) on the bid to take Makino…
Read MoreSingapore shares open higher on Friday; STI rises 0.6%
SINGAPORE stocks began trading higher on Friday (Dec 27) morning following a muted showing from US equities. As at 9.02 am, the Straits Times Index (STI) rose 22.28 points or 0.6 per cent to 3,783.73. Across the broader market, gainers outnumbered losers 72 to 32 after 40.9 million securities worth S$45.9 million changed hands. OKH…
Read MoreCSE Global unit’s US lawsuit may impact 2024 earnings
The company could not quantify the impact, since legal proceedings are in the preliminary stage TECHNOLOGY solutions provider CSE Global said on Friday (Dec 27) that its financial performance for the current financial year ending Dec 31 may be affected by a lawsuit its unit intends to file in the US. It said its wholly…
Read MoreOil prices ease as markets weigh China stimulus hopes
OIL edged lower on Thursday (Dec 26) in light holiday trade as the US dollar’s strength offset hopes for additional fiscal stimulus in China, the world’s biggest oil importer. Brent crude futures settled down 32 US cents, or 0.43 per cent, at US$73.26 a barrel. US West Texas Intermediate crude closed at US$69.62, down 0.68…
Read MoreFast Company Tells the Success Story of Hot Wheels
The remarkable journey of Hot Wheels from a simple toy car manufacturer to a global cultural phenomenon demonstrates how authentic collaboration and innovative thinking can transform a brand. Since its inception in 1968, Hot Wheels has maintained its position as a leader in the toy industry by fostering a unique collaborative environment that encourages pushing…
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