Posts by Kim Browne
Some Chinese exporters hasten US dollar conversion amid trade war
[NEW YORK] Some Chinese exporters are speeding up the conversion of their US dollar income into yuan on bets the worst of the tariff-led loss in the local currency may be over. In a Bloomberg survey of 18 Chinese exporters this month, all of them said they’d already converted, or will immediately switch, their greenback…
Read MoreChina still backs overseas coal plants despite 2021 pledge, research shows
[SINGAPORE] Chinese firms are still building new coal-fired power plants in Indonesia despite a 2021 pledge to stop financing coal projects overseas, according to an analysis of energy investments in Brics countries released on Tuesday. China is involved in constructing 7.7 gigawatts of new coal-fired power, mostly plants used to run nickel smelters in Indonesia,…
Read MoreWhite House Looks to Take Steps to Ease Pain From Car Tariffs
The Trump administration said it plans to announce measures as early as Tuesday to ease the impact of tariffs on imported cars and car parts to give automakers more time to relocate production to the United States. Tariffs of 25 percent on imported vehicles and on auto parts will remain in place. But the tariffs…
Read MoreAmara surges 27% to all-time high on privatisation offer
The S$0.895 offer represents a 33% premium over the company’s net asset value per share as at end-December 2024 [SINGAPORE] Shares of hotel group Amara soared shortly after the market opened on Tuesday (Apr 29), after news broke on Monday that it received a voluntary conditional general offer at S$0.895 apiece. The counter hit S$0.895…
Read MoreHouse Passes Bill to Ban Sharing of Revenge Porn, Sending It to Trump
The House on Monday overwhelmingly passed bipartisan legislation to criminalize the nonconsensual sharing of sexually explicit photos and videos of others — including A.I.-generated images known as “deepfakes” — and to mandate that platforms quickly remove them. The vote of 409 to 2 cleared the measure for President Trump, who was expected to quickly sign…
Read MoreTrump to tout US investments from Nvidia, J&J, Hyundai, Toyota
[WASHINGTON] CEOs and senior executives from Nvidia, Johnson & Johnson, Hyundai Motor, Toyota Motor, and SoftBank Group are among the more than two-dozen business leaders slated to visit the White House on Wednesday for an event highlighting US investments, officials told Reuters. President Donald Trump plans to promote a broad range of investments in the…
Read MoreStocks to watch: CapitaLand Ascendas Reit, Sats, Frasers Centrepoint Trust, First Sponsor, Stoneweg Reit, UOI, LMIRT
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Apr 29): CapitaLand Ascendas Reit (Clar): The Reit reported a growth in portfolio rental reversions of 11 per cent in the first quarter of 2025, despite occupancy dipping, in a bourse filing on Monday. All geographies across Clar’s portfolio…
Read MoreBrent crude oil prices drop on demand fears
[HOUSTON] Brent crude oil prices fell more than US$1 a barrel on Monday morning as economic worries from the US-China trade war were pressuring demand. Brent crude futures settled at US$65.86 a barrel, down US$1.01, or 1.51 per cent. US West Texas Intermediate crude finished at US$62.05 a barrel, down 97 cents or 1.545 per cent. Brent…
Read MoreRepublicans Sneak Staggering Asylum Fee into Budget Bill
Trump’s whiplash tariff proposals turned the stock market—and Americans’ retirement savings—into a rollercoaster of losses. Still, Trump’s base is weathering the storm. The falling numbers are not stemming from his supporters, per Luntz, but rather a large chunk of the population who helped him secure the White House in November but would otherwise identify as…
Read MoreU.S. Navy Loses $60 Million Jet as Pressure Increases on Hegseth
The U.S. Navy lost a $60 million fighter jet in the Red Sea Monday in another setback for Secretary Defense Pete Hegseth. The F/A-18 Super Hornet fighter jet fell overboard from the USS Harry S. Truman aircraft carrier, currently stationed in the area part of the U.S.’s military campaign against the Houthi rebels in Yemen.…
Read MoreTurns Out Trump Is Massively Exaggerating His Deportation Numbers
Trump’s whiplash tariff proposals turned the stock market—and Americans’ retirement savings—into a rollercoaster of losses. Still, Trump’s base is weathering the storm. The falling numbers are not stemming from his supporters, per Luntz, but rather a large chunk of the population who helped him secure the White House in November but would otherwise identify as…
Read MoreRight-Wing Canadian Candidate Begs Trump to Stop Posting Weird Things
Trump’s whiplash tariff proposals turned the stock market—and Americans’ retirement savings—into a rollercoaster of losses. Still, Trump’s base is weathering the storm. The falling numbers are not stemming from his supporters, per Luntz, but rather a large chunk of the population who helped him secure the White House in November but would otherwise identify as…
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