Posts by Swedan Margen
Boeing delivers most jets in 18 months with boost from China
The US manufacturer has begun to make progress in returning its factories to a steadier tempo Published Wed, Jul 9, 2025 · 06:53 AM [LOS ANGELES] Boeing said it delivered 60 aircraft in June, its best showing in 18 months that reflects improvements in its factories and the resumption of US jet exports to China.…
Read MoreTrump says pharmaceutical tariffs could reach 200%
[WASHINGTON] US President Donald Trump on Tuesday said he plans to announce tariffs on imported pharmaceuticals which could reach 200 per cent but he would give drugmakers about one year “to get their act together.” “We’re going to give people about a year, a year and a half to come in and, after that, they’re…
Read MoreOil edges up to two-week high on lower US output forecast, renewed Red Sea attacks
[NEW YORK] Oil prices edged up to a two-week high on Tuesday on forecasts for less US oil production, renewed Houthi attacks on shipping in the Red Sea, worries about US tariffs on copper and technical short covering. Brent crude futures rose 57 cents, or 0.8 per cent, to settle at US$70.15 a barrel, while US West Texas Intermediate…
Read MoreEurope: Shares rise on energy, healthcare boost; tariff uncertainty lingers
EUROPEAN shares ended higher on Tuesday, boosted by healthcare and energy shares while investors assessed the latest phase of US President Donald Trump’s tariff rollouts, which included a new deadline for trade deals. The pan-European Stoxx 600 index ended 0.41 per cent higher at 545.71, hitting its highest level in three weeks. Other regional indexes also clocked…
Read MoreSpaceX valuation to hit around US$400 billion in share sale
[SAN FRANCISCO] SpaceX is discussing plans to raise money and sell insider shares in a deal that would value Elon Musk’s rocket and satellite maker at around US$400 billion, sources familiar with the matter said. That would mark the largest-ever valuation for a privately held US company, surpassing SpaceX’s previous record of US$350 billion from…
Read MoreUS: Dow, S&P 500 fall as Trump unveils new tariffs
[NEW YORK] Wall Street stocks dipped on Tuesday, falling for a second straight session as President Donald Trump added tariff threats on copper and pharmaceuticals to his broadening trade agenda. Trump announced plans for a 50 per cent duty on copper imports and a potential 200 per cent levy on pharmaceuticals a day after the White House…
Read MoreInvestors should be excited about Singapore’s biggest Reit IPO in a decade – but not too excited
[SINGAPORE] Japanese telco Nippon Telegraph and Telephone’s (NTT) NTT DC Reit is stirring up some excitement in Singapore’s floundering equities market. The real estate investment trust (Reit), which launched its initial public offering (IPO) on Monday (Jul 7), is checking all the right boxes that make for great headlines – and attract investor interest. It…
Read MoreHaving GIC as a cornerstone investor in NTT DC Reit’s IPO is a good move for the market too
THE listing by Japanese telecom giant’s NTT data centre real estate investment trust (Reit) is a welcome fillip for the local equities scene – it will be Singapore’s largest Reit initial public offering (IPO) in more than a decade. With a sponsor in global player NTT, there is the potential for NTT DC Reit to…
Read MoreMichael Madsen: ‘Kill Bill’ and ‘Reservoir Digs’ Star’s Cause of Death Revealed by Doctor as Friends Say He Was Sober After Battling Alcoholism
The cause of Michael Madsen’s death has been revealed. The actor died from heart failure, according to his personal cardiologist. Madsen was 67 years old at the time of his death. Madsen’s doctor confirmed that heart failure will officially be listed as his cause of death, with heart disease and alcoholism also being contributing factor,…
Read MoreWho Was John Burgess? Texas Dad and His Two Babies Die After He Refused to Let Go of the Kids and All Were Swept Away in the Floods
A desperate father, clutching a tree while holding onto “his babies” during the devastating Texas floods, refused to toss the children to nearby residents and soon they were all swept away by the raging waters, a heartbroken local said on Monday. The tragic father, John Burgess of Liberty, Texas, has been confirmed among the several…
Read MoreAnti-ICE Agitation Reaches a Boiling Point
‘The public thinks, well, if a member of Congress can attack ICE, why can’t we?’ Source link
Read MoreNew York City casinos could become world’s biggest, bidders predict
[NEW YORK] Bidders for three New York City-area casino licences are projecting revenue that would place them among the most lucrative resorts in the world, according to an analysis of their proposals. In Manhattan, the Freedom Plaza project is expected to generate US$2.2 billion in annual revenue in its first year of operation, rising to…
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