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Singapore’s STI stumbles over 2% as Trump’s 104% tariff hit on China kicks in
[SINGAPORE] Singapore stocks slid further on Wednesday (Apr 9) following this week’s rout, with US President Donald Trump’s reciprocal tariffs officially put in place. The tariffs, which include a...
Japan debt deals pulled as tariffs hit deals outlook across Asia
[TOKYO] Three Japanese companies have postponed the sale of 100 billion yen (S$916.7 million) worth of yen-denominated bonds in the wake of global financial market volatility induced by US...
Chinese shipping earnings face ‘harder-than-expected’ tariff hit as recession risks rise
[HONG KONG] Chinese shippers may see an outsized hit on earnings as the latest tariffs from US President Donald Trump risk hammering global trade.Container liners such as Cosco Shipping...
DBS’, Bank of China’s printing vendor hit by ransomware attack; more than 11,000 customers affected
[SINGAPORE] About 8,200 customers of DBS Bank – as well as 3,000 from the Bank of China’s Singapore branch – have had their customer information compromised after a printing...
Junk bonds suffer worst rout since 2020 with US hit hardest
[NEW YORK] US junk corporate bonds led the biggest slump in global high-yield debt since 2020 as the steepest American tariffs in a century triggered fears about worldwide growth.
The...
Apple production hubs hit by tariffs, sending shares plummeting
[LOS ANGELES] Apple is finding itself squarely in the crosshairs of US President Donald Trump’s new tariffs, even after a years-long effort to insulate the iPhone maker from trade...
Analysts raise gold price forecasts after spot prices hit fresh record
[SINGAPORE] Gold’s record-breaking rally is not over yet, especially amid looming recession risks and central bank demand, said analysts. After spot gold hit a fresh record of US$3,249 per...
Cordlife served two letters of demand from customers; any settlement likely to hit group’s finances
One group of clients seeking damages under contract breach, negligence; the other wants warranties and cost compensation[SINGAPORE] Cordlife received two letters of demand on Mar 28, with regard to...
