Posts by Swedan Margen
BHP delays Jansen potash project as costs surge; logs record copper output
[BENGALURU] BHP Group flagged delays and cost overruns of about 30 per cent for its key Jansen Stage 1 potash project on Friday (Jul 18), even as the miner reported record annual copper production above two million metric tonnes (Mt) and warned of a decline next year. The cost blowouts that could be up to…
Read MoreJapan, EU to explore joint rare earths procurement: Nikkei
[BENGALURU] Japan and the European Union will consider joint public-private partnerships as they look to reduce their reliance on China in areas such as the procurement of rare earths, the Nikkei newspaper reported on Thursday (Jul 17). As China, the dominant supplier of rare earths, tightens export controls, global manufacturers are concerned that Beijing’s decision…
Read MoreDBS shares rally to a new record as the STI clocks yet another high
[SINGAPORE] DBS shares hit a new high on Friday morning (Jul 18), bringing the Straits Times Index (STI) to a fifth consecutive record this week in intraday trade. As at 9.04 am on Friday, DBS hit S$47.05, with 620,800 shares having changed hands. By 10 am it had eased back down to S$46.95 with some…
Read MoreSeven & i risks becoming buyout target again if turnaround fails
[TOKYO] Even after fending off Alimentation Couche-Tard’s unsolicited 6.77 trillion yen (S$58.5 billion) takeover approach, Seven & i Holdings remains a buyout target in the eyes of some investors, who say new suitors may emerge unless the operator of 7-Eleven convenience stores turns around its business. “If the stock price drops significantly, there might be…
Read MoreFed’s Waller wants July interest rate cut amid rising growth, job market risks
[NEW YORK] Federal Reserve governor Christopher Waller said on Thursday (Jul 17) that he continues to believe the US central bank should cut interest rates at the end of this month amid mounting risks to the economy and the strong likelihood that tariff-induced inflation will not drive a persistent rise in price pressures. “It makes…
Read MoreGold heads for weekly dip as strong dollar, US data weighs
[BENGALURU] Gold was flat in early Asian trade on Friday (Jul 18), heading for a weekly fall, weighed down by an overall stronger US dollar and solid US economic data. Spot gold was steady at US$3,339.22 per ounce, as at 0038 GMT. US gold futures were flat at US$3,344.70. Bullion is down 0.5 per cent…
Read MoreUS set to impose 93.5% duty on China battery material
[NEW YORK] The US Commerce Department imposed preliminary anti-dumping duties of 93.5 per cent on Chinese imports of graphite, a key battery component, after concluding the materials had been unfairly subsidised. A trade association representing US graphite producers in December filed petitions with two federal agencies, asking for investigations into whether Chinese companies were violating…
Read MoreFood Empire partners AirAsia to launch ready-to-drink beverages
The tie-up kicks off with a Vietnamese iced-coffee product to be sold on board the airline’s flights [SINGAPORE] Mainboard-listed Food Empire will partner low-cost airline AirAsia to co-develop and launch a new range of ready-to-drink beverages. The memorandum of understanding was signed between Food Empire’s unit Empire International and AirAsia’s Santan Food Services, said the…
Read MoreFood Empire, AirAsia partner to launch ready-to-drink beverages
It will kick-off with a Vietnamese iced coffee product that will be sold on flights of the airline [SINGAPORE] Food Empire will collaborate with low-cost airline AirAsia to co-develop and launch a new range of ready-to-drink beverages. The collaboration was formalised with a memorandum of understanding signed between Food Empire’s subsidiary Empire International and AirAsia…
Read MoreChina threatens to block Panama ports deal unless its shipping giant gets stake: report
Chinese officials have told BlackRock, MSC and Hutchison that if Cosco is left out of the deal, Beijing would take steps to block Hutchison’s proposed sale of the ports Published Fri, Jul 18, 2025 · 09:01 AM [BENGALURU] China is threatening to block the sale of more than 40 ports, owned by Hong Kong-based CK…
Read MoreStocks to watch: OCBC, Singtel, Wilmar, Food Empire, Telechoice
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jul 18): OCBC, Singtel: The bank will partner the three local universities on research to develop quantum technology applications in derivative pricing, fraud detection and data security. On Thursday, it inked 12-month long collaboration agreements with the National University…
Read MoreWhy Tariffs (Probably) Won’t Cause Inflation (But Still Raise Prices)
Not all bad economic policy is inflationary, and not causing inflation doesn’t make economic policy good. Source link
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