Posts by Kim Browne
OCBC remains bullish on investment outlook despite US credit downgrade by Moody’s
[SINGAPORE] Local bank OCBC remains positive about the investment outlook for the next one year, despite Moody’s downgrade of the United States’ credit rating on Friday (May 16). The ratings agency downgraded the US from “AAA” – the highest rating for credit reliability – to “AA1”, citing rising fiscal deficits and higher interest payments. Nevertheless,…
Read MoreSome Chinese companies eye Singapore listings to expand markets amid trade war: sources
AT LEAST five companies from mainland China or Hong Kong are planning IPOs, dual listings, or share placements in Singapore in the next 12 to 18 months, four sources said, as Chinese firms look to expand in South-east Asia amid global trade tensions. The companies include a Chinese energy company, a Chinese healthcare group and…
Read MoreHealthcare S-Reits outperforming broader S-Reit market and sub-segments so far this year
HEALTHCARE S-Reits have been the top-performing Reit sub-sector this year, offering an average total return of 6.2 per cent against a 1.1 per cent decline in the iEdge S-Reit Index. The sub-sector also outperformed other Reit sub-sectors over the one-year and three-year periods, clocking average returns of 16.8 and 6.2 per cent, respectively. The two…
Read MoreTesla moves to stymie shareholder lawsuits after Musk pay saga
Published Sun, May 18, 2025 · 10:00 AM [NEW YORK] Tesla took a step to prevent future shareholder lawsuits like the one that blocked a record-setting pay package for chief executive Elon Musk. The automaker late on Friday (May 16) disclosed changes to its corporate bylaws that will require investors to own at least 3…
Read MoreTrump’s rush to cut AI deals in Saudi Arabia, UAE opens rift with China hawks
[HONG KONG] US President Donald Trump’s flurry of artificial intelligence (AI) deals during his tour of the Middle East is opening a rift within his own administration as China hawks grow increasingly concerned the projects are putting US national security and economic interests at risk. The Trump team has worked out agreements for parties in…
Read MoreFamily offices added US stocks ahead of Trump’s ‘Liberation Day’
Published Sun, May 18, 2025 · 08:00 AM [LONDON] Investment firms for the world’s wealthy increased their stock bets ahead of US President Donald Trump imposing new tariffs that sent global markets into a tailspin before eventually clawing back losses. Family offices for a European dynasty, hedge fund billionaire Noam Gottesman and duty-free shopping tycoon…
Read MoreTrump’s Embrace of White South Africans Takes Dark, Unnerving New Turn
One of them is “Alyas,” a Yazidi religious minority who testified to seeing horrific violence and murder carried out against his people in Iraq. He finally gained refugee status just recently. He was set to travel to the U.S. in February after waiting for years, until this was abruptly suspended under Trump, leaving him, his…
Read MoreLet’s Start Talking About Jail Time for Trump and His MAGA Enablers
Donald Trump did not fire any commissioners from the [Federal Trade Commission] today. Donald Trump declared that he had fired the commissioners. That is, functionally, he announced a desire that he should have the power to fire FTC commissioners and named the commissioners that he would fire if he were to have that power—a power…
Read MoreVideo: How Staffing Shortages Have Plagued Newark Airport
What’s causing major flight delays and disruptions at Newark Liberty International Airport? Niraj Chokshi, a reporter at The New York Times covering transportation, explains how a staffing shortage has contributed to the chaos and what’s being done to address it. Source link
Read MoreNissan plans to close plants in Japan, Mexico: Yomiuri
[TOKYO] Nissan Motor plans to close two factories in Japan, as well as locations in four other countries as part of its restructuring and cost-cutting process, the Yomiuri newspaper and other news outlets reported, citing unidentified sources. In Japan, Nissan is looking to close facilities in Oppama and Hiratsuka operated by manufacturing subsidiary Nissan Shatai,…
Read MoreOil posts weekly gain but remains under supply hike pressure
[HOUSTON] Oil settled higher on Friday (May 16), notching a second straight week of gains on easing US-China trade tensions, although prices were held back by expectations of higher supply from Iran and Opec+ (Organization of the Petroleum Exporting Countries). Brent crude futures settled up 88 US cents or 1.4 per cent at US$65.41 per…
Read MoreUS: Wall Street advances on trade hopes, data shows investor pessimism
[NEW YORK] Wall Street’s main indices rose on Friday (May 16) for their fifth straight day, buoyed by the US-China tariff truce earlier in the week even as economic survey data showed a deterioration in consumer sentiment. The S&P 500 steadily added to gains from late morning, while investors took weak data in their stride.…
Read More