Posts by Stephanie Irvin
EV maker VinFast’s Q1 loss widens on higher spending as deliveries rise
Published Mon, Jun 9, 2025 · 07:21 PM [BENGALURU] Vietnamese electric vehicle maker VinFast on Monday (Jun 9) reported its sixth consecutive quarterly net loss as it continues to ramp up spending to boost sales volumes. VinFast reported a net loss of US$712.4 million for the first quarter, less than the US$1.3 billion loss in…
Read MoreSingapore stocks close Monday higher ahead of US-China talks; STI up 0.1%
[SINGAPORE] Local stocks rose on Monday (Jun 9), in line with gains in Asian markets on hopes that a fresh round of US-China trade talks will ease tensions. Investors also digested the latest China inflation and trade data. Trade tensions between the world’s largest economies may be moderating after China said on Saturday that it…
Read MoreDBS tops US$100 billion market value in Singapore Exchange first
[SINGAPORE] DBS Group Holdings became the first listed company in Singapore to top US$100 billion in market value, helped by a softer US currency that amplified gains on the local stock market. South-east Asia’s top lender gained as much as 0.9 per cent in Singapore trading on Monday (Jun 9), and is trading at a…
Read MoreShein and Reliance aim to sell India-made clothes abroad within a year, sources say
[MUMBAI/LONDON] Fashion retailer Shein and partner Reliance Retail plan to rapidly expand their Indian supplier base and start overseas sales of India-made Shein-branded clothes within six to 12 months, said two people with knowledge of the matter. The China-founded, Singapore-headquartered e-commerce firm has been discussing plans with the Indian retailer since before the US imposed…
Read MoreAlibaba, Tencent freeze AI tools during high-stakes China exam
[BEIJING] China’s most popular artificial intelligence (AI) chatbots such as Alibaba’s Qwen have temporarily disabled functions including picture recognition, to prevent students from cheating during the country’s annual “gaokao” college entrance examinations. Apps including Tencent Holdings’ Yuanbao and Moonshot’s Kimi suspended photo-recognition services during the hours when the multi-day exams take place across the country.…
Read MoreNomura to shut branch in China as it scales back wealth business
The closure comes four years after Nomura announced the opening of the office in late 2021, when it was pushing to expand in areas that are home to rich Chinese. Published Mon, Jun 9, 2025 · 12:05 PM [TOKYO] Nomura Holdings is closing one of its four branches in China, as the Japanese securities firm…
Read MoreAsia: Markets rally ahead of latest China-US trade talks
[HONG KONG] Stocks rallied on Monday (Jun 9) on hopes that a fresh round of China-US trade talks later in the day will ease tensions between the economic superpowers, while investors were also cheered by forecast-topping US jobs data. The gains extended a run-up across global markets in recent weeks as fears about US President…
Read MoreGold falls on strong US jobs data and improved trade outlook
[BENGALURU] Gold prices fell on Monday (Jun 9) as a stronger-than-expected US jobs report cooled expectations of interest rate cuts from the Federal Reserve, while optimism over easing trade tensions between US-China weighed on the bullion’s safe-haven demand. Spot gold fell 0.2 per cent to US$3,303.19 an ounce, as at 0056 GMT. US gold futures…
Read More‘Very clever’; ‘lost confidence’: Shareholders react to OCBC’s latest exit offer for Great Eastern
[SINGAPORE] OCBC on Friday (Jun 6) made a conditional exit offer at S$30.15 per share for the 6.28 per cent stake in Great Eastern it does not own, in a bid to delist the insurer. The offer, which OCBC said was made “at the request of Great Eastern”, was deemed “fair and reasonable” by the…
Read MorePrivate assets giant Brookfield expects alternative investments to replace public markets in 25 years
[SINGAPORE] Bruce Flatt, the billionaire chief executive officer of Toronto-based Brookfield, is understandably bullish on the prospects of alternative investments. The Canadian investment giant has, after all, amassed more than US$1 trillion in assets under management (AUM), and is one of the world’s largest managers of alternative assets, also commonly known as private markets. Flatt…
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