Posts by Kim Browne
BYD beats Tesla in Europe for first time with 169% sales surge
Published Thu, May 22, 2025 · 07:01 PM [FRANKFURT] BYD sold more electric vehicles in Europe than Tesla for the first time, overtaking the American brand that’s long led the continent’s EV segment. China’s leading automaker registered 7,231 new battery-electric vehicles in April, according to market researcher Jato Dynamics. That was up 169 per cent…
Read MoreYangzijiang Shipbuilding order wins dip to US$0.3 billion
This is down from US$3.3 billion in the year-ago period, but vessel deliveries remain on track [SINGAPORE] Marine vessel manufacturer Yangzijiang Shipbuilding reported that its year-to-date order wins for the first quarter of 2025 amount to six vessels worth US$300 million. This is around 5 per cent of its US$6 billion target for the 2025…
Read MoreRajeev Mittal appointed CEO of Prudential’s asset management arm
[SINGAPORE] Rajeev Mittal will lead Prudential’s asset management business, Eastspring Investments, from Jul 1. He will replace Bill Maldonado, who will retire and return to the United Kingdom where his family has been living for the past four years, said Prudential in a press release on Thursday (May 22). Mittal will report to Prudential’s CEO…
Read MoreChangi Airport Group full-year net profit doubles to S$841 million
[SINGAPORE] Changi Airport Group (CAG) saw its net profit almost double to S$841 million for the full year ended Mar 31, up from S$431 million in the year-ago period. The 95 per cent rise in net profit takes into account “exceptional items”, including non-cash revaluation gains and the write-back of provisions by subsidiaries. Excluding these…
Read MoreThe Obscure Legal Doctrine Guiding the Supreme Court Into Oblivion
The principle of constitutional avoidance isn’t innately absurd. The court has previously applied the principle in more parsimonious fashion to (arguably) less silly-seeming results. One example is Masterpiece Cakeshop in 2018, where a seven-person majority—including Alito and Gorsuch, with a Thomas concurrence—elected to avoid the complex constitutional issue of how the right to same-sex marriage…
Read MoreTrump Unravels in Crazed Rants to Media as Poll Reveals Fresh Weakness
President Trump’s presser on Wednesday flew off the rails. He raged at a reporter for questioning his acceptance of a luxury jet from Qatar, then kept on ranting about it. He snapped when asked why he’s resettling white Afrikaners but no other refugees. And he tried to humiliate the South African president by rambling about…
Read MoreCGSI downgrades Delfi, cuts target price as high cocoa prices sour sentiment
[SINGAPORE] CGS International (CGSI) has downgraded its recommendation on chocolate confectioner Delfi to “hold”, from “add” previously, and slashed its target price by more than 19 per cent to S$0.71. “We think weaker consumer sentiment, coupled with elevated cocoa prices and a weaker Indonesian rupiah against the US dollar, could pressure profitability in the near…
Read MoreCiti launches AI tools for Hong Kong employees
Published Thu, May 22, 2025 · 01:34 PM CITIGROUP has launched Citi AI, a suite of artificial intelligence (AI) tools for its employees in Hong Kong, the bank said on Thursday. The tools support internal operations including information retrieval from Citi’s policy library, document summarisation and creation of electronic communications drafts among others, it said…
Read MoreLatest Singapore six-month T-bill cut-off yield slides to 2.2%
The auction received S$18.1 billion in applications for the S$7.5 billion on offer [SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) fell to 2.2 per cent, according to auction results released by the Monetary Authority of Singapore on Thursday (May 22). This declined from the 2.3 per cent cut-off yield offered in the previous…
Read MoreFormer PBOC deputy governor Liu Guiping to head Bank of China: sources
Published Thu, May 22, 2025 · 12:31 PM [BEIJING] China will appoint financial veteran Liu Guiping as chairman of Bank of China, the nation’s fourth largest state-owned bank, two sources with knowledge of the matter said. Liu, who currently serves as executive vice-mayor of Tianjin city, will replace current chairman Ge Haijiao, who will move…
Read MoreJPMorgan sees broad-based recovery, more interest in China
Wall Street firms have overall pulled back from the world’s second-largest economy, with their combined exposure, which includes lending, trading and investments, slumping by about a fifth Published Thu, May 22, 2025 · 11:34 AM [HONG KONG] JPMorgan Chase is seeing a broad-based recovery in China and growing interest from foreign investors seeking to diversify,…
Read MoreJPMorgan is long-term in China despite pressure, Dimon says
[SHANGHAI] JPMorgan Chase chief executive officer Jamie Dimon said his firm is committed to long-term investments in China, despite tension between the governments of the world’s two biggest economies. “We’re a long term investor here,” he said in a Bloomberg TV interview at the lender’s Global China Summit in Shanghai. “Yes, there’s all these…
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