Posts by Stephanie Irvin
TikTok hawks tapped for jobs contrast with Trump’s murky stance
SOME of the loudest US critics of TikTok are set to occupy senior roles in the next Trump administration, providing counterweights to the incoming president’s newfound openness to the popular Chinese-owned app as it faces an American ban. Besides nominating Senator Marco Rubio Secretary of State, President-Elect Donald Trump announced he wants China hawk…
Read MoreUS foreign investment panel split on Nippon-US Steel deal: FT
THE US Treasury has informed Japan’s Nippon Steel that the panel reviewing its proposed US$14.9 billion purchase of US Steel has not yet come to an agreement on how to address security concerns, the Financial Times reported on Sunday (Dec 15). Treasury, which leads the Committee on Foreign Investment in the US (CFIUS), wrote to…
Read MoreSouth Korea’s central bank vows to stabilise markets amid political turmoil
SOUTH Korea’s central bank vowed to stabilise financial markets and highlighted the importance of “uninterrupted implementation” of key fiscal and economic measures, in its first statement since lawmakers voted to impeach President Yoon Suk-yeol. “The Bank of Korea (BOK) intends to utilise all available policy instruments, in conjunction with the government, to respond to and…
Read MoreTuan Sing CEO and director add to stakes
Over the five trading sessions from Dec 6 to 12, institutions were net sellers of Singapore stocks, leading to a net institutional outflow of S$104 million, reversing a quarter of the S$418 million net inflow over the preceding five sessions. Stocks that led the net institutional outflow over the five sessions through to Dec 12…
Read MoreHow Much Americans Spend on Fast Food
Fast food is a major part of American life. It’s quick, easy, and everywhere, making it a popular choice for many. But have you ever wondered just how much people are spending on it? With busy schedules and rising costs, fast food becomes a go-to for a lot of folks. Let’s break down the numbers…
Read MoreOil up 2%, settles at 3-week high as more sanctions loom on Russia, Iran
Oil prices climbed about 2 per cent on Friday (Dec 13) to settle at a three-week high, on expectations that additional sanctions on Russia and Iran could tighten supplies and that lower interest rates in Europe and the US could boost fuel demand. Brent futures rose US$1.08, or 1.5 per cent, to settle at US$74.49…
Read MoreTony Robbins Explains Why High Energy Leads to Success
Energy stands as the cornerstone of transformation in every aspect of life – from business success to personal relationships and physical well-being. The correlation between energy levels and results is undeniable, yet many fail to recognize its fundamental importance in achieving their goals. Tony Robbins sparked my curiosity when he taught the connection between energy…
Read MoreCurrencies drop as China disappointment rattles emerging markets
EMERGING-market currencies in Asia and the South African rand retreated as China’s policy makers appeared to disappoint investors expecting fiscal measures to boost the economic outlook. The EM currency index fell for the third day, with the Thai baht, South African rand and the Indonesian rupiah leading the losses on Friday (Dec 13). China…
Read MoreMacquarie said to bid for Axiata’s telecom infrastructure arm
Macquarie Asset Management has submitted a bid to buy Axiata Group’s telecom infrastructure unit in a transaction that could value it at about US$3.5 billion, according to people with knowledge of the matter. Axiata is evaluating the offer for edotco Group and has yet to make a decision, the people said, asking not to be…
Read MoreHSBC sent fintech Stenn into administration over fears about client list
HSBC Holdings triggered the shuttering of trade-finance firm Stenn Technologies after uncovering transactions that were supposed to be with key customers but were potentially bogus instead, people familiar with the matter said. HSBC, which provided Stenn with a revolving credit facility, became concerned that the company’s relationships with large customers in Taiwan and Japan may…
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