Business
US: Wall Street falls, Nvidia drops after new US chip export curbs
Wall Street fell on Wednesday (Apr 16), with the Nasdaq leading declines after Nvidia flagged steep charges from new US controls on chip…
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Business
Business
Greenback under pressure, safe havens outperform
THE US dollar resumed its descent on Wednesday (Apr 16), dropping across the board and losing the most ground to the Swiss franc and the…
Business
Nam Cheong bags RM317.1 million in regional vessel charter deals
Sarawak-based offshore marine firm Nam Cheong has secured vessel charter contracts worth up to RM317.1 million (S$94.5 million) from…
Business
Wine consumption at lowest since 1961 – OIV
Global wine consumption in 2024 hit its lowest level since 1961, according to preliminary figures from the International Organisation of…
Business
Nvidia and Other Chip Giants Are Caught in Trade War Crossfire
Nvidia and others are the latest casualties of escalating tensions between Washington and Beijing, as analysts press business leaders…
Business
Free Traders Are Talking Past the Working Class
The free trade case is correct. But free traders need to frame their arguments differently. Source link
Business
Hong Kong stocks drop on trade war anxiety, China inches higher
Hong Kong shares fell on Wednesday (Apr 16), dragged by technology stocks, after the US restricted Nvidia chip sales to China, raising…
Business
STI gains ground on Wednesday, bucking regional indices
The Straits Times Index (STI) continued to gain ground, bucking regional indices on Wednesday (Apr 16). The STI closed up 1 per cent or…
Business
Recession Indicators Are Everywhere
On April 9th, Luke Marion, a gardener and seed purveyor who runs the YouTube channel MIgardener, posted a video that recommended planting…
Business
Tariff Confusion and Recession Fears Leave Advertisers ‘Paralyzed’
Persuading people to spend money in a time of unpredictable tariffs is proving to be a complicated calculation for the $380 billion…
Business
Malaysia's Petronas secures extra gas supply after hit from Putra Heights pipeline fire
Malaysian oil and gas giant Petroliam Nasional said on Wednesday (Apr 16) it has secured additional gas supplies to minimise supply…
Business
Heineken's Q1 sales slightly beat forecasts
“...we are performing within the range of expectations,” says CEO Dolf van den Brink Source link
Business
Candy maker YLF scraps plan to list on SGX
It would have been the second company to launch an IPO on the local bourse this year Candy maker YLF Group Marketing has withdrawn its…
Business
PwC exits more than a dozen countries to avoid scandals: FT
PwC has shut down operations in more than a dozen countries that are deemed too small, risky or unprofitable, as the Big Four accounting…
Business
Stocks Tumble in Asia as Tech Investors Pull Back
Share prices of big technology companies declined in Asia on Wednesday, dragging broader markets lower, after Nvidia, the American chip…
Business
Middle East's first "party plane" set for takeoff
Entertainment gossip and news from Newsweek's network of contributors A "party plane" with DJs and drinks will fly from Dubai to an…
Business
China Southern is said to mull Hong Kong IPO of cargo unit
The deal may be coming at a tricky time for the company, which relies on Chinese exports that are under threat because of the country’s…
Business
Asia: Stocks struggle again as Nvidia chip curb warning pops calm
Asian stocks swung on Wednesday (Apr 16) after Nvidia’s announcement of new US licensing rules on shipments of its new chip to China…
Business
Taiwan’s Chip Companies Are Caught in the U.S.-China Tariff War
Even as the United States and China push their economies further apart with escalating tariffs, they share an inescapable challenge. Both…
Business
Hermes’ market value surpasses that of former suitor LVMH
Hermes’ market capitalisation surpassed that of rival LVMH, the conglomerate which tried to buy the maker of the coveted Birkin bag in a…
Business
CNMC Goldmine shares spike 7% as gold hits record high
Shares of CNMC Goldmine spiked more than 7 per cent on Wednesday (Apr 16) morning, as spot gold climbed to a record high. As at 9.45 am,…
Business
Gold hits record high on economic growth concerns
Gold prices raced to an all-time high on Wednesday (Apr 16), driven by a weaker US dollar, trade war tensions and concerns over global…
Business
Oiltek bags RM61.9 million in new contracts across South-east Asia and other global markets
This brings the group’s current order book to RM402.4 million, which is expected to be fulfilled over the next 18 to 24 months Vegetable…
Business
Stocks to watch: SIA, Sats, Sinarmas Land, Japfa, Aztech, Sabana Reit, LHN, Oiltek
The following companies saw new developments that may affect trading of their securities on Wednesday (Apr 16). Singapore Airlines (SIA):…