Posts by Yurie Miyazawa
Temu, Shein see US sales surge ahead of small parcel tariff
[NEW YORK] Online shopping giants Temu and Shein saw their sales rebound in March and April as US shoppers stockpiled products such as makeup brushes and home appliances before tariff-led price increases set in. Shein recorded some of its best US sales growth in the past 12 months as revenue jumped 29 per cent in…
Read MoreAsia: Markets boosted by ‘Big Progress’ in Japan tariff talks
[HONG KONG] Tokyo led stocks higher on Thursday (Apr 17) as optimism over Japan-US trade talks offset Federal Reserve boss Jerome Powell’s warning that Donald Trump’s tariffs could force officials to choose between fighting inflation or unemployment. Investors are keeping a nervous eye on Washington for the next three months as governments scramble to cut…
Read MoreFrasers Property Industrial enters JV to invest in A$600 million Aussie industrial portfolio
[SINGAPORE] Frasers Property Industrial has entered into a capital partnership with an investment vehicle sponsored by Morgan Stanley Real Estate Investing for industrial assets in Australia. The 50:50 joint venture (JV) covers a portfolio of eight industrial assets valued at about A$600 million (S$501 million), said Frasers Property on Thursday (Apr 17). Spanning a total…
Read MoreOlam to sell whole stake in port operator for US$175 million
[SINGAPORE] Agribusiness giant Olam will dispose of its entire stake in port and logistics operator Arise P&L for a US$175 million consideration, as part of plans to monetise one of its units. The group said it entered into a conditional sale and purchase agreement with Equitane DMCC to dispose of its whole stake in Arise…
Read MoreCapitaLand Investment launches its first retail Reit in China with assets worth 2.8 billion yuan
[SINGAPORE] CapitaLand Investment (CLI) announced on Thursday (Apr 17) that it intends to launch its first real estate investment trust (Reit) in China, to be named CapitaLand Commercial C-Reit (CLCR). The company said that CLCR will be seeded with the mature assets CapitaMall SKY+ in Guangzhou and CapitaMall Yuhuating in Changsha, with a combined value…
Read MoreKeppel DC Reit scores higher Q1 DPU of S$0.02503 on acquisitions, strong portfolio performance
[SINGAPORE] Keppel Data Centre Reit (Keppel DC Reit) recorded a higher distribution per unit (DPU) of S$0.02503 for the first quarter, up 14.2 per cent from S$0.02192 in the previous corresponding period, said its manager. Distributable income (DI) for the period rose 59.4 per cent to S$61.8 million from S$38.8 million previously. The rise in…
Read MoreTSMC Q1 profit set to jump, but Trump’s policies cloud its future
[TAIPEI] Taiwan Semiconductor Manufacturing Company (TSMC), the main global producer of advanced chips used in artificial intelligence (AI) applications, is set to report a 57 per cent leap in first-quarter profit on Thursday (Apr 17), though it is also likely to flag risks from US President Donald Trump’s trade policies. The world’s largest contract chipmaker,…
Read MoreTSMC’s quarterly profit surges but Trump policies cloud outlook
The company’s shares have dropped 20 per cent so far this year, given uncertainty about US trade and tariff policies Published Thu, Apr 17, 2025 · 07:31 AM — Updated Thu, Apr 17, 2025 · 02:07 PM [TAIPEI] Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, on Thursday (Apr 17) logged a forecast-beating…
Read MoreTSMC upbeat on outlook as robust AI demand offsets tariff uncertainty
[TAIPEI] TSMC gave a bullish outlook for the year on robust demand for AI applications, adding that while there was uncertainty over US tariffs, the world’s largest contract chip manufacturer had yet to see any change in customer behaviour. The Taiwanese company, a bellwether for the global chip industry, stood by its annual outlooks for…
Read MoreOil up 2% to a two-week high as new US sanctions target Iran’s exports
[HOUSTON] Oil prices rose nearly 2 per cent on Wednesday (Apr 16) to a two-week high on concerns about global supplies after Washington issued new sanctions targeting Chinese importers of Iranian oil. Brent crude futures settled up US$1.18, or 1.8 per cent, to US$65.85 a barrel, while US West Texas Intermediate crude ended US$1.14, or…
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