Posts by Swedan Margen
Markets bet Beijing is getting serious about China’s overcapacity
[BEIJING] Commodity prices from steel to polysilicon have surged this month as Chinese investors bet Beijing is finally serious about addressing overcapacity across the world’s second-largest economy. Prices for nine industrial commodities including coal, steel, polysilicon, a building block for solar panels, alumina and lithium carbonate have climbed by 10 per cent to 68 per…
Read MoreIntel says revenue rose as it cut ranks
Published Fri, Jul 25, 2025 · 07:08 AM [SAN FRANCISCO] Intel on Thursday posted quarterly revenue that topped market expectations, saying it has cut about 15 per cent of its workforce to be “more agile.” The US chip maker also said it “will no longer move forward” with projects in Germany and Poland as part…
Read MoreFirst half net profit plunges 22% at French luxury group LVMH
[PARIS] French luxury group LVMH saw net profit plummet 22 per cent in the first half of 2025, the company announced on Thursday, blaming the plunge on an “unsettled economic and geopolitical” backdrop. Though sales fell four per cent to just under 40 billion euros (S$60 billion), chairman and CEO Bernard Arnault insisted that LVMH “is demonstrating its resilience…
Read MoreTrump, Fed chief Powell bicker during tense central bank visit
[WASHINGTON] Donald Trump and US Federal Reserve chairman Jerome Powell appeared together for a tense meeting on Thursday as the president toured the central bank after ramping up his attacks on its management of the economy. Trump – who wants to oust Powell for refusing to lower interest rates but likely lacks the legal authority…
Read MoreOil pares gains on possible US approval for Chevron to renew Venezuelan operations
[HOUSTON] Oil pared gains on Thursday afternoon following a Reuters report that US President Donald Trump’s administration may allow Chevron to resume operations in Venezuela. Brent crude futures were up 26 cents, or 0.38 per cent, to US$68.77 a barrel by 1.14 pm CDT (1814 GMT). US West Texas Intermediate crude futures rose 44 cents, or 0.67…
Read MoreEurope: Shares close higher after ECB leaves rates unchanged
EUROPEAN stocks closed higher on Thursday after the European Central Bank held interest rates steady as expected, while investors cheered strong earnings from major banks and easing trade tensions with the United States. The pan-European Stoxx 600 index finished the session 0.24 per cent higher at 551.55, having earlier touched a six-week high. Stocks pulled back from their peaks…
Read MoreUS: S&P 500, Nasdaq hit new records despite big Tesla drop
[NEW YORK] The S&P 500 and Nasdaq edged up to fresh records on Thursday while the Dow retreated following a mixed round of corporate earnings that lifted Google parent Alphabet but battered Tesla. The tech-rich Nasdaq Composite Index led major indices, finishing 0.2 per cent higher at 21,057.96, a new record. The broad-based S&P 500…
Read MoreGIC posts 3.8% 20-year annualised real rate of return; expects returns ahead will be more volatile
[SINGAPORE] Sovereign wealth fund GIC reported an annualised rolling 20-year real rate of return of 3.8 per cent for its latest period ended Mar 31, 2025. This rate of return – which accounts for inflation and spans the 20-year period from April 2005 to March 2025 – is down 0.1 percentage point from the 3.9…
Read MoreGIC to expand AI use after initial trials to review deals yield positive results
[SINGAPORE] Artificial intelligence (AI) will have a foundational impact on the world, and offers unparalleled opportunities for investments and operations, said GIC chief executive Lim Chow Kiat. As a result, the Singapore sovereign wealth fund is looking to leverage the technology not just through investments, but also by adopting it in the company, he noted,…
Read More‘Pressing need’ for investments in energy infrastructure: GIC
[SINGAPORE] Sovereign wealth fund GIC sees a “pressing need” for investments in grid infrastructure and power equipment supply chains, as it bets on opportunities in the electrification of the economy. GIC is “constructive” on regulated electric networks and utilities, as investing in their asset base can provide additional earnings growth, the fund said in its…
Read MoreHulk Hogan: WWE Legend and His Wife Sky Daily Were Baptized Just 18 Months Before His Sudden Death after Suffering Cardiac Arrest
Hulk Hogan was baptized just a year and a half before his sudden death, footage from social media shows. “Total surrender and dedication to Jesus is the greatest day of my life. No worries, no hate, no judgment… only love!” the WWE legend wrote in an X post in December 2023. Video from the baptism…
Read MoreHulk Hogan: WWE Legend’s 911 Dispatch Audio Released after He Suffered Cardiac Arrest at His Florida Home and Died [LISTEN]
![Hulk Hogan: WWE Legend’s 911 Dispatch Audio Released after He Suffered Cardiac Arrest at His Florida Home and Died [LISTEN]](https://i1.wp.com/data.ibtimes.sg/en/full/68994/hulk-hogan.jpg?w=1024&resize=1024,1024&ssl=1 "Hulk Hogan: WWE Legend’s 911 Dispatch Audio Released after He Suffered Cardiac Arrest at His Florida Home and Died [LISTEN]")
Audio of the 911 call related to Hulk Hogan’s death was released on Thursday, confirming that the emergency was reported as a “cardiac arrest.” In the brief clip, obtained by TMZ, a dispatcher is heard sending medical personnel to the wrestling legend’s home in Clearwater, Florida, where he was later carried out on a stretcher…
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