Posts by Stephanie Irvin
US graphite firms seek 920% duty to thwart China on EV material
US PRODUCERS of a crucial material used in electric vehicle batteries have initiated a trade action seeking sharp tariff increases on Chinese graphite, arguing that Beijing’s massive state subsidies are artificially lowering prices and making it impossible for their companies to compete. A trade association representing US graphite producers filed petitions with two federal agencies…
Read MoreChina central bank urges financial institutions to guard against rate risks in bond market
CHINA’S central bank on Wednesday (Dec 18) urged financial institutions to guard against interest rate risks when trading in bonds, signalling discomfort among policymakers over recent frenzied buying that has helped drive yields sharply lower. The People’s Bank of China (PBOC) held meetings with some financial institutions who were engaged in aggressive bond trading activity…
Read MoreFoxconn said to have approached Nissan to take controlling stake
HON Hai Precision Industry, the Taiwan-based manufacturer of iPhones and other electric products known as Foxconn, has approached Nissan Motor to take a controlling stake, a person with knowledge of the matter said. Foxconn, which has been investing heavily in factories to build electric vehicles, would be interested in the entirety of the maker…
Read MoreSTI extends losses; falls 0.5% on Wednesday
THE Straits Times Index (STI) fell for a second day on Wednesday (Dec 18), while regional indices had mixed results. The STI was down 0.5 per cent or 20.31 points at 3,779.62. Across the broader market, advancers outnumbered decliners 258 to 224, after 783.4 million shares worth S$905 million changed hands. The trio of local…
Read MoreCromwell E-Reit secures five major leases in Q4
They are with new and existing tenants across its logistics and office portfolios in the Netherlands, UK, Germany and Denmark CROMWELL European Real Estate Investment Trust (Cromwell E-Reit)‘s manager said it signed or renewed five leases in the fourth quarter of this year, spanning more than 78,000 square metres (sq m). On Wednesday (Dec 18),…
Read MoreDelta Sky Club Executive Membership Guide
Thinking about joining the Delta Sky Club as an Executive member? This guide will help you figure out if it’s the right fit for you. We’ll break down the perks, costs, and access rules so you know exactly what you’re getting into. Whether you’re a frequent flyer or just want a comfortable spot to unwind…
Read MoreBlack Friday Spending by Category
Black Friday is that time of year when everyone seems to lose their minds over sales. It’s like a shopping frenzy, with folks lining up at stores or clicking away online to snag the best deals. From electronics to fashion, the discounts are hard to resist. But have you ever wondered how much money people…
Read MoreSingapore shares fall as STI falters, mirroring regional trend
THE Straits Times Index (STI) faltered on Tuesday (Dec 17), following the regional indices. It ended down 0.6 per cent or 21.1 points at 3,799.93. Across the broader market, decliners outnumbered advancers 275 to 194, with 890.1 million shares worth S$1.1 billion having changed hands. The trio of local banks closed down on Tuesday, with…
Read MoreClar to acquire and lease back DHL’s Indiana logistics property in S$150.3 million deal
CAPITALAND Ascendas Reit (Clar) is proposing to acquire logistics property DHL Indianapolis Logistics Center in Whiteland, Indianapolis, Indiana, for S$150.3 million from DHL USA. The completion of the deal is slated for the first quarter of 2025. Following this, DHL USA will enter a long-term leaseback of about 11 years till December 2035 of the…
Read MoreTikTok CEO Chew meets Trump at Mar-a-Lago ahead of US ban
TIKTOK CEO Shou Chew met president-elect Donald Trump at Mar-a-Lago on Monday (Dec 16) just weeks before the popular video app is expected to be banned in the United States over national security concerns. The private meeting, confirmed by a source, came just hours after Trump suggested he would somehow try to reverse the ban…
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