Posts by Kim Browne
Swiss watch exports jump in April ahead of threatened US tariffs
Asian markets displayed further weakness, with exports to Singapore falling 9%, China off 30% and Hong Kong down 23% Published Tue, May 27, 2025 · 05:47 PM [ZURICH] Swiss watch exports jumped by almost a fifth in April as shipments to the US more than doubled ahead of expanded tariffs threatened by President Donald Trump. …
Read MoreJapanese gas tanker giant Mitsui OSK sees difficulty buying Chinese vessels
[SINGAPORE] Mitsui OSK Lines, owner of the world’s largest fleet of liquefied natural gas carriers, said it is hard to buy Chinese vessels for the time being as the US ramps up scrutiny of the Asian country’s shipbuilding industry. “It is difficult to purchase Chinese vessels under the current circumstances, because of the port entry…
Read MoreTrump Tariff Fiasco Worsens as Bizarre New Ramblings to Media Backfire
After President Donald Trump threatened to single out Apple with tariffs, he offered remarks to reporters that badly undercut his case. First he seemed to say this would apply to many iPhone makers, but then reiterated he’d said this straight to Apple CEO Tim Cook, a potentially serious abuse of power that made him look…
Read MorePerennial to invest one billion yuan to open two hospitals in Guangzhou
[SINGAPORE] Integrated healthcare and real estate player Perennial Holdings on Tuesday (May 27) announced that it has entered into an agreement with Guangzhou Metro Group to establish a tertiary general hospital in Guangzhou, China. This will be Perennial’s second wholly foreign-owned hospital in China, after it opened the 500-bed Perennial General Hospital Tianjin earlier this year.…
Read MoreSamsung in talks to invest in California-based Exo
Discussions on all the potential developments are ongoing and details could change Published Tue, May 27, 2025 · 04:31 PM [SEOUL] Samsung Electronics’ investment arm is among a group of firms seeking to invest in US health-care software and device company Exo Imaging, according to people familiar with the matter. Samsung Ventures Investment may participate…
Read MoreAsian ports reported to be congested; average waiting time in Singapore is up to 1.5 days
[SINGAPORE] Port congestion has been reported at Asian ports, with Singapore being one of those affected: The waiting time for a berth at the world’s top transhipment hub is said to be between 12 and 36 hours. Tan Hua Joo, a box shipping analyst at data provider Linerlytica, told The Business Times that the longer…
Read MorePeirce Hill bungalow owned by wife of 3AC’s Kyle Davies sells for S$37 million
[SINGAPORE] A bungalow in Peirce Hill owned by the wife of failed Three Arrows Capital (3AC) co-founder Kyle Davies is in the early stage of being sold, at S$37 million. The price works out to S$2,144 per square foot (psf) on the freehold land area of 17,260 square feet (sq ft). The property, which is…
Read MoreBYD shares extend losses as price cuts throw spotlight on sales
[HONG KONG] BYD shares extended losses in Hong Kong trading on Tuesday (May 27) – taking their two-day slide to more than 10 per cent – as last week’s sweeping price cuts stoked concern of another wave of discounting in China’s cutthroat electric car market. The stock fell as much as 4 per cent in…
Read MoreCar sales in Europe dip slightly in April, Tesla’s 49% drop tempers EV gains
TESLA’S sales in Europe fell 49 per cent in April from a year earlier, even as battery-electric sales rose by 27.8 per cent, as the US EV maker’s upgrade of its Model Y shows little sign of improving the brand’s tarnished image in the region. Overall car sales in the region remained roughly consistent with…
Read MoreTesla misses out on European EV growth as Model Y fails to revive sales
[GDANSK] Tesla’s sales in Europe fell 49 per cent in April from a year earlier, even though battery-electric car sales rose 27.8 per cent, as the US EV maker’s upgrade of its Model Y shows little sign of reviving the brand’s fortunes in the region. Overall car sales in Europe dipped 0.3 per cent, with…
Read MoreChinese plastics buyers resist switch back to US propane despite pause in trade war
[SINGAPORE] Chinese plastics factories left without US raw material when trade relations collapsed earlier this year are holding back from returning to many of those suppliers despite a pause in hostilities, underscoring the difficulty in restoring commercial ties between the world’s two largest economies. Beijing’s retaliation to US President Donald Trump’s so-called reciprocal tariffs effectively…
Read MoreBoustead shares rise 4.8% to a 4-year high on robust earnings and dividend boost
Company’s shares hit their highest price in a decade as the engineering group sees a 58% increase in net profits [SINGAPORE] Shares of Boustead rose on Tuesday (May 27) morning after the engineering and technology group reported a jump in net profit. As at 9.52 am, the counter climbed to S$1.09, up 4.8 per cent…
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