Posts by Yurie Miyazawa
US: Wall St muted at open after April inflation data
Published Tue, May 13, 2025 · 09:41 PM [NEW YORK] Wall Street’s main indexes were subdued at the open on Tuesday (May 13), as investors assessed the latest inflation numbers and their impact on monetary policy after markets came off sharp gains from the temporary Sino-US trade truce. The Dow Jones Industrial Average rose 97.2 points,…
Read MoreGreenback’s relief rally from US-China tariff truce is but a brief blip: analysts
[SINGAPORE] Traders rewarded the US dollar with gains against major Asian currencies after trade tensions between Beijing and Washington thawed – but the greenback could soon be singing the blues again as analysts expect the relief rally to be short-lived. The US dollar index – which measures the greenback’s value against a basket of six…
Read MoreCarriers moving MRO work outside China even before tariff chaos: SIA Engineering
[SINGAPORE] There has been little to no impact from tariffs on SIA Engineering Company’s (SIAEC) operations for now, but these are still early days, said chief executive officer Chin Yau Seng in a briefing on Tuesday (May 13). It has been just 42 days since the “Liberation Day” tariffs were launched and the company is…
Read MoreKeppel, Huawei to collaborate on solar and battery tech for Asean power grids
[SINGAPORE] The infrastructure division of Keppel will work with Chinese tech giant Huawei International to design and develop solar photovoltaic (PV) systems and battery energy storage system (Bess) technologies for interconnected power grids across South-east Asia. Both companies will also collaborate on PV and Bess solutions for low-carbon data centres and industrial parks, and digital…
Read MoreTrump family bitcoin operation set to go public
[NEW YORK] A bitcoin mining start-up backed by US President Donald Trump’s two eldest sons announced plans on Monday to go public on the New York Stock exchange via a merger. American Bitcoin made a deal to be acquired by publicly traded Gryphon Digital Mining in a stock-for-stock merger transaction. The combined company will operate…
Read MoreCordlife receives offer for 10% stake from subsidiary of stem cell company Medeze
[SINGAPORE] Private cord-blood bank Cordlife announced on Tuesday (May 13) that it has received a voluntary conditional cash partial offer for a 10 per cent stake in the company from Medeze Treasury, a wholly owned subsidiary of Medeze, a South-east Asian stem cell company. This is the Thai-listed group’s first step into the Singapore market,…
Read MoreTikTok, Meta face tough curbs in Asia even as US efforts stall
[HONG KONG] Some of the toughest new laws attempting to rein in TikTok, Instagram and Snapchat are not coming from Washington or Brussels. They are emerging from capitals such as Canberra, Jakarta and Kuala Lumpur. Governments across the Asia-Pacific region are leading the global charge to protect children from online harms, presenting an unprecedented challenge…
Read MoreApple plans AI-powered battery management mode for devices in iOS 19
[LOS ANGELES] Apple is planning to use artificial intelligence (AI) technology to address a frequent source of customer frustration: the iPhone’s battery life. The company is planning an AI-powered battery management mode for iOS 19, an iPhone software update due in September, according to sources with knowledge of the matter. The enhancement will analyse how…
Read MoreUS: Stocks rally on Trump trade de-escalation with China
Published Tue, May 13, 2025 · 06:19 AM [NEW YORK] Wall Street stocks finished solidly higher on Monday, cheering an announcement that the United States and China sharply de-escalated a trade war that has rattled global markets. Major indices traded within a tight range in a buoyant session after US President Donald Trump touted a “total reset”…
Read MoreUS: Wall St surges at open as US, China slash tariffs
Published Mon, May 12, 2025 · 09:45 PM [NEW YORK] Wall Street’s main indexes opened sharply higher on Monday (May 12) as the United States and China reached a deal to reduce tariffs, signalling a truce in a punishing trade war that had kept markets on edge for weeks. The Dow Jones Industrial Average rose…
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