Posts by Kim Browne
Yangzijiang Shipbuilding down 6.1% amid steep fall in Q1 order wins
The shipbuilder’s Q1 order wins make up just 5% of its US$6 billion target for FY2025 [SINGAPORE] Shares of Chinese vesselmaker Yangzijiang Shibuilding fell on Friday (May 23) as its Q1 order wins plunged to US$300 million from US$3.3 billion in the year-ago period. After the midday trading break at 1.05 pm, the counter fell…
Read MoreJapan pledges immediate rice relief for consumers to prevent shift to foreign brands
[TOKYO] Japan’s new agriculture minister pledged on Friday to quickly move rice from government stockpiles to store shelves where they would be offered at prices significantly lower than current levels, seeking to stem a consumer shift to cheaper, foreign brands. Soaring rice prices, due in part to crop damage from extreme heat and additional demand…
Read MoreAnalysts bullish on BYD as it overtakes Tesla
[SINGAPORE] Analysts are getting bullish on BYD as the Chinese automaker’s soaring exports, rising global presence and cost competitiveness signal favourable tailwinds. In a May 16 research note, UOB Kay Hian (UOBKH) named BYD as a top buy and assigned it a 510 yuan target price. Morgan Stanley on Wednesday (May 20) added BYD to…
Read MoreLagarde says international trade will never be the same
Published Fri, May 23, 2025 · 10:40 AM EUROPEAN Central Bank President Christine Lagarde warned that international trade will be changed forever by the tensions over tariffs, even as the world’s leading economies edge toward some compromises. “While it is fairly obvious that international trade will never be the same again, it’s also pretty clear…
Read MoreDisney CEO Caves to Trump With New Rules on The View
“I’d love to stand here and tell the American people, we can cut your taxes and we can increase spending and everything’s going to be just fine. But I can’t do that because I’m here to deliver a dose of reality,” Massie said. “This bill dramatically increases deficits in the near term but promises our…
Read MoreFour Supreme Court Justices Refuse to Read the First Amendment
Four Supreme Court Justices wanted to make it legal for taxpayer dollars to fund religious charter schools. The Supreme Court produced a 4-4 deadlock on Thursday on the question of whether an Oklahoma religious school could take part in the state’s publicly funded charter school programs. While the decision is unsigned, thanks to the even…
Read MoreTesla Loses Key Status Marker as Elon Musk Backlash Ramps Up
Elon Musk’s electric carmaker Tesla has been outsold in Europe by a rival company for the first time. The continent’s longtime electric favorite was overtaken by Chinese company BYD in April, which sold 7,231 fully electric cars compared to Tesla’s 1,165, according to data from Jato Dynamics. It’s a major boon for the Chinese electric…
Read MoreRepublicans Sneak Terrifying Gun Law Change Into Trump’s Budget Bill
In March, Musk walked into what he understood to be an ambush, facing heated backlash from Secretary of State Marco Rubio, Veterans Affairs Secretary Doug Collins, and Transportation Secretary Sean Duffy. Donald Trump had arranged the volatile meeting: “Bring them all in here, and we’ll have at it,” Trump said, according to The Atlantic. The…
Read MoreUS: Wall St opens mixed after Trump’s tax Bill narrowly clears House test
Published Thu, May 22, 2025 · 09:47 PM [NEW YORK] Wall Street’s main indexes opened mixed on Thursday (May 22) after the US House of Representatives passed President Donald Trump’s tax Bill, which is expected to burden the country with trillions in debt, by a razor-thin margin. The Dow Jones Industrial Average fell 96.8 points,…
Read MoreXiaomi billionaire touts SUV, Chinese chip in tech showcase
[BEIJING] Xiaomi’s billionaire founder outlined plans for its first SUV and top-end gadgets with self-developed mobile chips, showcasing ambitions to expand its technology portfolio and move past a much-publicised accident that cast doubt on its expertise. Lei Jun, who shot to fame with bold plans to unseat Apple in China, gave online viewers a sneak…
Read MoreOnly Two Republicans Were Brave Enough to Vote Against Medicaid Cuts
In March, Musk walked into what he understood to be an ambush, facing heated backlash from Secretary of State Marco Rubio, Veterans Affairs Secretary Doug Collins, and Transportation Secretary Sean Duffy. Donald Trump had arranged the volatile meeting: “Bring them all in here, and we’ll have at it,” Trump said, according to The Atlantic. The…
Read MoreTranscript: Trump Unravels in Wild Rants as Polling Shows New Weakness
Podhorzer: Well, this is the tricky thing about being in America. He may think his base is larger than it is—but in America, it doesn’t have to be a majority anymore. And as long as it’s willing to be 100 percent there for you all the time, the question isn’t, “Is it a majority?” It’s,…
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