Posts by Stephanie Irvin
Apple analyst sentiment hits five-year low after two downgrades
[NEW YORK] Apple was hit with a pair of downgrades on Thursday (Sep 11), in the latest sign of caution towards the iPhone maker, which has sharply underperformed its large-cap tech peers this year. With the downgrades, Apple’s recommendation consensus – a proxy for the ratio of buy, hold, and sell ratings – has dropped…
Read MoreECB holds rates unchanged, offers no clues about next move
The ECB halved its key rate to 2% in the year to June but has been on hold ever since [FRANKFURT] The European Central Bank left interest rates unchanged on Thursday (Sep 11) as expected but offered no clues about its next move, even as investors continue to bet that more support will be needed…
Read MoreChinese carmakers may keep price advantage despite Mexico levies
[MEXICO CITY] Mexico’s plan to levy tariffs of up to 50 per cent on vehicles from China may not unduly impact the Asian nation’s auto manufacturers whose inherently lower production costs mean their cars are still competitive. BYD, the world’s biggest maker of electric cars based in Shenzhen, sells its Dolphin Mini, a small hatchback…
Read MoreAlibaba 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…
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