Posts by Yurie Miyazawa
Europe: Shares down for third week after tariff whiplash
[BENGALURU] European stocks lost ground on Friday (Apr 11), with the Stoxx 600 down for a third week, after a surge in volatility in response to abrupt US tariff shifts that deepened fears over the economic impact of a trade war. The pan-European Stoxx 600 edged 0.1 per cent lower to 486.8, after China raised…
Read MoreJPMorgan Q1 profit tops estimates
[NEW YORK] JPMorgan Chase topped first-quarter profit estimates on Friday (Apr 11), driven by record equities trading and higher fees from debt underwriting and merger advisory. CEO Jamie Dimon, however, remained circumspect on the economy as corporate America navigated the fallout of President Donald Trump’s tariffs, which have raised inflationary risks and fears of recession.…
Read MoreTaiwan’s Vanguard to hasten construction of Singapore factory
[TAIPEI] Taiwan’s Vanguard International Semiconductor said on Friday (Apr 11) it will speed up construction of its 12-inch wafer fab in Singapore as geopolitical risks prompt customers to seek more options to make chips outside China. Construction of the factory, part of VSMC, a joint venture Vanguard unveiled last year with European chipmaker NXP Semiconductors,…
Read MoreApple’s iPhone 16 hits Indonesia stores after months long ban
[JAKARTA] Smartphone buyers were cheered by shopkeepers in Jakarta on Friday (Apr 11) after Apple’s latest smartphone went on sale following a months long ban in Indonesia. The marketing and sale of iPhone 16 models was prohibited by the government in October over Apple’s failure to meet regulation requiring that 40 per cent of smartphone…
Read MoreGold versus Bitcoin – a battle for portfolio diversification
[SINGAPORE] As US President Donald Trump’s eye-watering tariffs triggered a tanking of the world’s markets in the past week, the paths of two alternative assets diverged. One was gold, which recorded a new high of US$3,132.43 per ounce, then faltered during the extreme sell-offs, and then rose back to above US$3,100 on Thursday (Apr 10).…
Read MoreTesla China scraps ‘order now’ option for two imported EVs
[HONG KONG] Tesla’s website in China has removed the ‘order now’ option for Model S and Model X electric vehicles (EVs), which are both imported, just days after China retaliated against US President Donald Trump’s tariffs by raising levies of its own. Tesla’s China website was offering an ‘order now’ option for the two models…
Read MoreGoogle lays off hundreds of employees in Android, Pixel Group: The Information
[BENGALURU] Alphabet’s Google on Thursday (Apr 10) laid off hundreds of employees in its platforms and devices unit, which works on the Android software, Pixel phones and the Chrome browser, The Information reported on Friday, citing a source with direct knowledge of the situation. The cuts follow the company’s January buyout offers to employees in…
Read MoreAsia: Stocks, dollar sink as Trump tariff panic returns
[HONG KONG] Stocks and the dollar tumbled while gold hit a fresh record high as panic gripped markets again on Friday after Donald Trump admitted that his global tariff blitz could see “a transition cost”. The US president’s decision to delay crippling duties for 90 days sparked a frenzied scramble for equities that had been…
Read MoreUSD weakens against SGD as tariff uncertainty roils markets
[SINGAPORE] The US dollar fell to its weakest point against the Singapore dollar since November 2024, as markets continued to be volatile following continued global trade uncertainty. The greenback has fallen around 1.4 per cent against the Singapore dollar since the start of the week, weakening on Friday (Apr 11) morning by 0.3 per cent. The…
Read MoreAlibaba’s Jack Ma wants AI to serve, not lord over, humans
[BEIJING] Alibaba co-founder Jack Ma, a longstanding advocate for artificial intelligence (AI), warned that AI should not replace humans but work instead to meet their every need. The Chinese billionaire, who once likened AI to love, argued that the technology should be tailored to serve people and make their lives better. It should protect livelihoods,…
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