China stocks close at highest level since 2021 on upbeat trade data
Investors remain focused on an Aug 12 deadline to see if Beijing and Washington will reach a durable tariff agreement. Published Thu, Aug 7, 2025 · 05:02 PM [HONG KONG] China stocks rose for a fourth straight day to close at a 3½-year high on Thursday (Aug 7), as upbeat export data added fuel to…
Read MoreTokyo Electron sacks Taiwan employee over TSMC tech leak
[TAIPEI] Tokyo Electron said on Thursday (Aug 7) it has fired an employee at its Taiwan subsidiary over their alleged involvement in a trade secret leak at Taiwanese chipmaking giant TSMC. The Japanese firm issued a statement after media reports said Taiwanese authorities had searched its Hsinchu office as part of a probe into the…
Read MoreJapan’s steel output may sink to lowest since 1968 as US tariff risks loom
[TOKYO] Kobe Steel, Japan’s No 3 steelmaker, on Thursday (Aug 7) reported a 3 per cent fall in quarterly crude steel output due to lower prices and the potential impact of US tariffs on car production, similar to declines at Nippon Steel and JFE Holdings. With the US tariff risk looming, Japan’s Iron and Steel…
Read MoreZendaya Debuts Her First Co-Designed Shoe With Law Roach in On’s Fall 2025 Campaign
Zendaya and On have welcomed her longtime stylist, Law Roach, into their creative partnership. On Thursday, the actress unveiled her first co-created shoe with Roach and the Swiss sportswear brand, with which she’s been a partner since June 2024. Named Cloudzone Moon, the shoe updates the original Cloudzone silhouette, which was co-designed by Zendaya and…
Read MoreDBS looks to volume growth to mitigate falling interest rates; stock soars to record high
[SINGAPORE] DBS expects deposits volume growth will continue to support net interest income for 2025, even as its net interest margin (NIM) declines due to falling interest rates, said chief executive Tan Su Shan. Speaking at the lender’s second-quarter results briefing on Thursday (Aug 7), Tan flagged changes in interest rates and foreign exchange (forex)…
Read MoreVietnam’s Trade Surpasses Forecasts Amid Rush to Beat Potential Trump Tariffs
Vietnam’s exports increased more than anticipated in July as buyers scrambled to avoid a 20% tariff on the nation’s exports to the US that would go into effect on Thursday, August 7. According to a statement from the statistics office, exports increased 16% in July compared to the same month last year to $42.3 billion,…
Read MoreChinese firms sell record amount of currency options in first half of 2025
Broad US dollar weakness has underpinned the renminbi, but domestic economic weakness and lingering trade uncertainty with the US have limited its upside Published Thu, Aug 7, 2025 · 03:40 PM [SHANGHAI] Chinese companies sold a record amount of currency options in the first half of this year as domestic businesses, particularly exporters, bet on…
Read MoreTrump Says He Will Impose 100% Tariff on Imported Computer Chips but Spares Companies Investing in the US
President Donald Trump has announced plans to impose a 100% tariff on computer chips, potentially leading to increased costs for electronics, automobiles, home appliances, and other essential products that rely on these processors in today’s digital world. “We’ll be putting a tariff of approximately 100% on chips and semiconductors,” Trump said in the Oval Office…
Read MoreSingapore: SBS Bus Crashes into Height Barrier at JB Customs After Wrong Turn into Motorcycle Lane
SBS Transit has issued an apology after one of its buses accidentally entered the motorcycle lane at the Johor Bahru Customs building and collided with a height barrier on Thursday, August 7. SBS Transit spokeswoman Grace Wu said, as reported by CNA, “Thankfully, no one on board including the bus captain was hurt. We apologize…
Read MoreToyota braces for 1.4 trillion yen hit from US tariff turmoil
[TOKYO]Toyota Motor lowered its annual guidance as it warned of a 1.4 trillion yen (S$12 billion) hit to its bottomline from US tariffs that have rattled the global automotive industry. The world’s biggest carmaker now sees 3.2 trillion yen in operating income for the fiscal year ending in March 2026, it said on Thursday…
Read MorePensacola Mother Found Guilty of Helping Her Son Kill the Mother of His Child
A jury found Sheila Agee guilty on Wednesday for her role in the 2023 Pensacola Home Depot murder of the teenage mother of her son’s child. Agee, 52, was convicted of principal to first-degree premeditated murder after a three-day trial. The charge comes with a mandatory minimum sentence of life in prison without the possibility…
Read MoreKelly Clarkson Cancels Las Vegas Shows Due to Family Emergency; Shares Emotional Update with Fans
Kelly Clarkson shared heartbreaking news with her fans on Wednesday (August 6) after abruptly cancelling her remaining Las Vegas residency shows in August. She postponed her upcoming concerts due to a family emergency, according to a social media post shared by her on X (formerly Twitter). The unexpected change comes after the Grammy winner previously…
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