Posts by Stephanie Irvin
Alibaba dumps 151.3 million SingPost shares, slashing its stake to below 5%
This means the Chinese e-commerce giant is no longer a substantial shareholder of the national postal service provider [SINGAPORE] Alibaba Investment, a subsidiary of Chinese e-commerce giant Alibaba Group, sold off 151.3 million shares in Singapore Post (SingPost) for S$64.4 million on Tuesday (Sep 9). The transaction lowers its stake in the national postal service…
Read MoreRussia export slide forcing a rethink at some Chinese carmakers
[HONG KONG] Russia turned into a lucrative market for Chinese automakers after the invasion of Ukraine, as they rushed in to fill the void left by foreign brands. That easy access may be over. In late 2024, Moscow started raising a “recycling fee” on imported vehicles that’s seen the price of passenger cars with one-…
Read MoreCEOs eyeing tech deals record flock to key Goldman confab
[NEW YORK] CEOs, investors, analysts and even some bankers gathering for one of the tech industry’s biggest summits this week in San Francisco will likely spend time whispering about how 2025 could go down as the best year ever for deals in their sector. Such chatter would have been nearly unthinkable just six months ago,…
Read MoreFrom vision to action: Global Asia Insurance Partnership’s new CEO targets greater coverage in Asia
[SINGAPORE] As the Global Asia Insurance Partnership’s (GAIP) new chief executive officer, Cheng Min Hung is on a mission to tackle one of the region’s most pressing challenges: a growing insurance protection gap. This gap means much of Asia lacks adequate insurance coverage for major risks, including healthcare expenses, financial protection for families in the…
Read MoreDon’t be fooled by gold’s recent gleam
Will gold keep running? It is outshining most liquid assets in 2025. Up 20 per cent through Aug 22 and 56 per cent since the end of 2023, its gains top US, Singapore and world stocks – to say nothing of Singapore and global bonds’ puny returns. Singapore’s status as a global finance and…
Read MoreChina’s WM Motor to restart production after government-backed revival plan
Chinese EV makers have faced years-long price wars as they battle intense competition in an overcrowded sector Published Sun, Sep 7, 2025 · 11:00 AM [BEIJING] Chinese electric vehicle (EV) maker WM Motor said on Saturday (Sep 6) that it aimed to resume production and launch new models at its plant in the eastern city…
Read MoreRussian gas sales to China would not harm US, energy secretary says
Since coming back to the office, Trump has not imposed direct sanctions on Russian energy entities Published Sat, Sep 6, 2025 · 10:10 AM [WASHINGTON] Energy Secretary Chris Wright said on Friday (Sep 5) that he is not worried that any Russian sales of gas to China would harm US exporters of the fuel. Russia…
Read MoreUS immigration agents arrest hundreds at Hyundai plant, mostly South Koreans
[ATLANTA/WASHINGTON/SEOUL] Hundreds of workers at a Hyundai Motor car battery facility under construction in Georgia were detained in a raid by US authorities on Thursday (Sep 4), stopping work on a plant that is one of the Korean automaker’s major investments in the US. About 475 workers, most of whom were South Korean nationals, were…
Read MoreEurope: Stocks retreat at close as weak US payrolls stoke slowdown fears
[BENGALURU] European stocks surrendered early gains to finish lower on Friday (Sep 5), dragged by energy and financial shares, as investors turned cautious after softer-than-expected US payrolls data heightened concerns about cracks in the world’s largest economy. The pan-European Stoxx 600 ended 0.16 per cent lower at 549.21, with the energy index weighing heavily with…
Read MoreGoogle hit with 2.95-billion-euro EU antitrust fine over adtech practices
[BRUSSELS] Alphabet’s Google was hit with a 2.95-billion-euro (S$4.4 billion) EU antitrust fine on Friday (Sep 5) for anti-competitive practices in its lucrative adtech business, marking its fourth penalty in its decade long fight with EU competition regulators. The move by the European Commission was triggered by a complaint from the European Publishers Council…
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