Posts by Swedan Margen
Tariffs spark caution but no financing rush this time round: Citi’s Damien Tan
‘The key difference is that during the Covid-19 pandemic, there were a lot of demands for funding, bolstering of balance sheets, and drawdown of loans,’ Tan says [SINGAPORE] Tariffs have roiled markets and economies but Citi has not seen the “same rush for financing” as it did during the Covid-19 pandemic, said Damien Tan, the…
Read MoreGoogle faces court battle over breakup of ad tech business
GOOGLE faces a fresh federal court test on Monday (Sep 22) as US government lawyers ask a judge to order the breakup of the search engine giant’s ad technology business. The lawsuit is Google’s second such test this year after the California-based tech juggernaut saw a similar government demand to split up its empire shot…
Read MoreNew SGX indices: how they compare to the STI and what the 50 stocks are
[SINGAPORE] The Singapore Exchange (SGX) has launched two new indices – the iEdge Singapore Next 50 Index and the iEdge Singapore Next 50 Liquidity Weighted Index. Unveiled on Monday (Sep 22), these benchmarks track the performance of the 50 largest and most liquid mainboard-listed companies that fall outside of the flagship Straits Times Index (STI). …
Read MoreNew SGX indices: how they compare to the STI and what their 50 constituents are
[SINGAPORE] The Singapore Exchange (SGX) has launched two new indices – the iEdge Singapore Next 50 Index and the iEdge Singapore Next 50 Liquidity Weighted Index. Unveiled on Monday (Sep 22), these benchmarks track the performance of the 50 largest and most liquid mainboard-listed companies that fall outside of the flagship Straits Times Index (STI). …
Read MoreTiger Handler Once Accused of Whipping a Tiger 31 Times, Fatally Mauled by Animal at Oklahoma Tiger Reserve
Tiger handler Ryan Easley was killed Saturday after he was fatally mauled by a tiger that he had trained for years at Growler Pines Tiger Preserve in Hugo, Oklahoma. The exact cause of Easley’s death has not been disclosed but there are reports that Easley was performing an educational demonstration with a tiger he’s trained…
Read MoreHong Kong airport to shut for 36 hours due to Typhoon Ragasa
HONG Kong International Airport will suspend all passenger flights for 36 hours from Tuesday evening, Qantas Airways said, as the Asian financial hub prepares for one of its strongest super typhoons in years. Hong Kong‘s Airport will be closed from 8 pm (1200 GMT) on Sep 23 to 8 am on Sep 25, Qantas said in a statement,…
Read MoreChery Automobile said set to price Hong Kong IPO at high end of range
[HONG KONG] Chery Automobile is set to price its Hong Kong initial public offering (IPO) at the high end of a marketed range after strong demand for the stock, according to sources familiar with the matter. China’s biggest car exporter plans to price the stock at HK$30.75 each, the sources said, asking not to be…
Read MoreChery Automobile set to price Hong Kong IPO at higher end of range
[HONG KONG] Chery Automobile is set to price its Hong Kong initial public offering (IPO) at the high end of a marketed range after strong demand for the stock, according to sources familiar with the matter. China’s biggest car exporter plans to price the stock at HK$30.75 each, the sources said, asking not to be…
Read MoreWarren Buffett’s Berkshire Hathaway exits China’s BYD, filing shows
[BEIJING] Warren Buffett’s Berkshire Hathaway has fully exited Chinese automaker BYD, a filing showed, ending a 17-year investment that grew over 20-fold in value in that period. The filing by Berkshire’s energy subsidiary recorded the value of its BYD investment as zero as of end-March, down from US$415 million at the end of 2024. Buffett’s…
Read MoreLion Group to move to Changi’s Terminal 4, launch daily Subang, Ipoh, Penang flights
[SINGAPORE] Lion Group will be moving its operations to Changi Airport’s Terminal 4 and will launch daily flights to Subang, Ipoh and Penang. The move from its current operations at Terminal 3 will happen in November this year, while new flights will start in December. Lion Group comprises Batik Air Indonesia, Batik Air Malaysia and…
Read MoreChina’s steel work plan vows to ban new capacity, promote demand
Beijing has been expected to lay out its plans for the world’s biggest steel industry since promising to cut output at its annual policy meeting in March [LONDON] China will ban new steel capacity and reduce production, in the latest move to help balance supply and demand in the one-billion-tonne a year industry. The government’s…
Read MoreNissan revamps ProPilot to rival Tesla driver-assist technology
[TOKYO] Nissan Motor is on a mission under new chief executive officer Ivan Espinosa to rebuild its business. Refreshing its lineup is a key part of that, but so is winning back customers who demand cutting-edge technology. Leveraging its partnership with Wayve Technologies, the UK-based artificial intelligence (AI) startup backed by SoftBank Group., Nissan is…
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