prices
CATL reports 33% jump in net income even as battery prices fall
[HONG KONG] Chinese battery making giant Contemporary Amperex Technology Co Limited (CATL) reported a 33 per cent jump in first-quarter earnings, defying a slowdown in demand for electric vehicles...
Brent, WTI prices climb more than US$1 on possible Iran crude restriction
[BENGALURU] Brent and West Texas Intermediate (WTI) crude climbed more than US$1 on Friday (Apr 11) after US Energy Secretary Chris Wright said the US could end Iran’s oil...
EU, China will look into setting minimum prices on electric vehicles, EU says
[BERLIN] The European Union and China have agreed to look into setting minimum prices of Chinese-made electric vehicles (EVs) instead of tariffs imposed by the EU last year, a...
Chinese sellers on Amazon to hike prices or exit US as tariffs soar, association says
[SHENZHEN] Chinese companies that sell products on Amazon are preparing to hike prices for the US or quit that market due to the “unprecedented blow” from President Donald Trump’s...
Oil prices sink to 2021 lows as tariff war fans recession fears
[SINGAPORE] Crude oil prices have plunged to their lowest levels since 2021, when Covid curbs hurt business activity, amid an escalating tariff crisis that is fuelling trade war recession...
UOB Kay Hian downgrades DBS to ‘sell’, OCBC to ‘hold’; cuts target prices
[SINGAPORE] UOB Kay Hian (UOBKH) downgraded Singapore banks DBS and OCBC to “sell” and “hold”, respectively, citing forecasts of higher credit costs and “anaemic” loan growth resulting from US...
Risks of bad loans, slowdown in region spark cuts in banks’ target prices; DBS downgraded to ‘sell’, OCBC, UOB get ‘hold’ rating
[SINGAPORE] Analysts have downgraded their outlook on Singapore banks amid concerns of weaker loan growth and higher credit costs, as Trump’s tariffs threaten a global trade war. UOB Kay...
Gold prices recover as trade war tensions lift safe-haven demand
[BENGALURU] Gold prices edged higher on Tuesday (Apr 8) from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the...
