Posts by Kim Browne
US: Wall Street opens mixed as investors await trade negotiations
Published Tue, Jun 3, 2025 · 09:46 PM [NEW YORK] Wall Street’s main indices opened mixed on Tuesday (Jun 3) as investors awaited possible negotiations between the United States and its trading partners for more clarity on the tariff war that has roiled financial markets for months. The Dow Jones Industrial Average opened flat at…
Read MoreThailand and Indonesia could be growth laggards in Asean: Nomura
[SINGAPORE] Thailand and Indonesia are expected to be growth laggards within Asean, noted Euben Paracuelles, chief Asean economist at Nomura at the Nomura Investment Forum Asia press conference held at The Ritz-Carlton, Millenia Singapore on Tuesday (Jun 3). In the case of Thailand, he pointed to the 36 per cent tariff threat it faces from the…
Read MoreVolkswagen says 20,000 workers agree to early exits
Published Tue, Jun 3, 2025 · 07:45 PM [BERLIN] Volkswagen said about 20,000 employees will voluntarily leave the company by the end of the decade as the carmaker restructures its German operations to cope with uneven demand for its vehicles. Gunnar Kilian, Volkswagen’s head of human relations and board member, told employees on Tuesday (Jun…
Read MoreTranscript: Trump Press Sec’s Vile Rants on Fox Badly Scam MAGA Voters
The following is a lightly edited transcript of the June 3 episode of the Daily Blast podcast. Listen to it here. Greg Sargent: This is The Daily Blast from The New Republic, produced and presented by the DSR network. I’m your host, Greg Sargent. President Donald Trump really wants the Senate to pass the “big…
Read MoreThe privatisation offer for this small Catalist company could cause SGX some discomfort
[SINGAPORE] Amid a flurry of delistings from the Singapore Exchange (SGX), one more privatisation offer – especially that for a small Catalist player – should not make much of a difference. After all, the local bourse looks on pace to hit at least 20 delistings or privatisation offers in the first half of this year. …
Read MoreTrump’s War With Leonard Leo Could Expose a Conservative Legal Scam
Though Bove is undoubtedly conservative compared to, say, Justice Sonia Sotomayor, he is not one of the rising stars that the conservative legal establishment had groomed for future judicial vacancies and is not part of that powerful social network. The pick prompted significant pushback from legal conservatives on social media. “Whether the White House wants…
Read MoreViolence Against Jews Is Tragic and Undermines the Palestinian Cause
Support for Palestine must remain political, nonviolent, and rooted in international law. Violent acts outside the region, even when committed in the name of Palestine, only serve to strengthen the hands of Israeli leaders like Prime Minister Benjamin Netanyahu and his radical government, which seeks to perpetuate occupation, war, and suffering. Such violence erases the…
Read MoreAscott, Frasers Hospitality expand footprint in Asia
[SINGAPORE] Lodging sector players Ascott and Frasers Hospitality issued separate statements on Tuesday (Jun 3) announcing their expansion in Asia with new signings and openings. Ascott, the wholly owned lodging business of CapitaLand Investment (CLI), secured four new signings and one opening under its luxury brand, The Crest Collection, in the past six months, amid…
Read MoreProtect investors, but give private market fund managers flexibility, industry players tell MAS
[SINGAPORE] The transparency of private market funds, the amount they charge in fees, and the methods of valuation were among key points raised in the feedback given by industry participants to the proposal by the Monetary Authority of Singapore (MAS) to broaden investor access to private assets. On Mar 27, the central bank had invited…
Read MoreTrump Press Sec’s Vile Rants on Fox Show How He’s Screwing MAGA Voters
President Trump really wants the Senate to pass the “big beautiful bill” that has now gotten through the House. But a number of GOP Senators are, for now, speaking uncomfortable truths about that massive budget measure: It would balloon the deficit and slash spending on the poor and working class, largely to fund a massive…
Read MoreSingapore hedge fund Arrowpoint capitalised on May market turmoil
[HONG KONG] Singapore’s multi-strategy hedge fund Arrowpoint Investment Partners has made gains by exploiting market dislocations triggered by global trade tariff shocks and sees more arbitrage opportunities ahead, its chief investment officer said. Since mid-April, the US$1.1 billion fund has capitalised on extreme dislocations in equities, currencies and bond curves, founder and CIO Jonathan Xiong…
Read MoreOnline broker Tiger to double Hong Kong headcount, targets offshore China wealth
[HONG KONG] Tiger Securities plans to double its headcount in Hong Kong over the next two to three years as the online brokerage targets a bigger share of the growing offshore Chinese wealth in the financial hub, its chief executive said. The Singapore-headquartered firm, founded in 2014 in Beijing, currently employs 60 people in Hong…
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