Posts by Yurie Miyazawa
Gold prices climb on safe-haven demand ahead of US reciprocal tariffs
Investors are also awaiting the automobile tariffs, which will take effect on Apr 3 [BENGALURU] Gold prices advanced on Wednesday (Apr 2) as anxious investors flocked to the safe-haven metal, bracing for announcements on US reciprocal tariffs that could escalate the global trade war. Spot gold was up 0.3 per cent at US$3,120.64 an ounce,…
Read MoreStocks to watch: Sembcorp, Nio, SingPost, Fu Yu
[SINGAPORE] The following companies saw new developments that may affect trading of its securities on Wednesday (Apr 2).
Read MoreBankers get boost in Asia-Pacific as M&A growth tops US, Europe
[NEW YORK] The race is far from over, but the Asia-Pacific has come out of the blocks much faster than the US and Europe in dealmaking activity this year. The volume of mergers and acquisitions (M&A) in Apac is up 19 per cent from the first quarter last year, helped by pending blockbusters such as…
Read MoreXiaomi car with driver assistance crashes, three reported dead
[HONG KONG] Xiaomi confirmed that one of its SU7 electric vehicles (EVs) was involved in an accident on an expressway in China. Local media reported that three people died in the incident that is likely to spark scrutiny over the smart driving software deployed in many of today’s cars. The technology giant’s stock fell as…
Read MoreOil eases off five-week highs as traders weigh impact of imminent Trump tariffs
[NEW YORK] Oil prices edged lower on Tuesday as traders braced for reciprocal tariffs that US President Donald Trump is due to announce on Wednesday, which could intensify a global trade war. However, Trump’s threats to impose secondary tariffs on Russian oil and to attack Iran fueled supply worries, limiting losses. Brent futures settled down 28 cents, or…
Read MoreGhibli-inspired viral feature drives record ChatGPT usage
[BENGALURU] The frenzy to create Ghibli-style AI art using ChatGPT’s image-generation tool led to a record surge in users for OpenAI’s chatbot last week, straining its servers and temporarily limiting the feature’s usage. The viral trend saw users from across the globe flood social media with images based on the hand-drawn style of the famed…
Read MoreUS dollar struggles for direction before Trump’s reciprocal tariffs, awaits data
THE greenback was roughly unchanged on Tuesday (Apr 1) as investors braced for reciprocal tariffs that US President Donald Trump is due to announce. Markets will monitor the US Job Openings and Labor Turnover Survey (JOLTS) and the ISM manufacturing index later in the session, both of which could provide further insights into how uncertainty…
Read MoreUOB to take legal action against former Yang Kee Logistics CEO, The Online Citizen over ‘defamatory’ remarks
The bank says Ken Koh failed to retract and apologise for the allegations he made [SINGAPORE] UOB will initiate legal proceedings against Ken Koh, the former chief executive of Yang Kee Logistics, after he failed to retract and apologise for “baseless” and “defamatory” allegations. The bank will also pursue “appropriate legal action” against online news…
Read MoreEuropean private equity company Inflexion opens Singapore office
Move includes hiring a managing director for investor relations focusing on Asia-Pacific [SINGAPORE] London-based private equity company Inflexion is expanding to Singapore with the opening of an office in the city-state. The firm, which specialises in mid-market transactions, said on Tuesday (Apr 1) that it is appointing Shane Gong as managing director in the investor…
Read MoreSingapore’s GLP closes first digital infrastructure fund at US$358 million in AUM
[SINGAPORE] Singapore-based GLP has successfully wrapped up its inaugural digital infrastructure-based fund, the GLP China IDC Income Fund I, with assets under management of US$357.76 million, the investment manager said on Tuesday (Apr 1). The fund, supported by a consortium of prominent domestic and international institutional investors, will take over a data centre in the…
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