SHANGHAI (Reuters) -China’s Nio said on Tuesday it would launch its Firefly electric vehicle in Europe in the third quarter, later than initially forecast, after it underestimated challenges involved in sales and service network expansions in the region. The company unveiled the Firefly brand in December as a rival product to Mercedes-Benz’s Smart and BMW’s...
By Wayne Cole SYDNEY (Reuters) – Asian stock markets fought to hold their footing on Tuesday after a furious flight from U.S. assets undermined Wall Street and the dollar, while concerns about the independence of the Federal Reserve piled fresh pressure on Treasuries. Relatively limited losses in Asia sparked talk that funds could be reallocating...
BEIJING (Reuters) -China’s automobile exports reached 1.54 million units in the first quarter of the year, up 16% compared with the same period a year earlier, an industry official said. The country exported 570,000 units in March, also 16% more than a year earlier, China Passenger Car Association secretary general Cui Dongshu said in a...
BEIJING (Reuters) -Chinese ports operator Cosco Shipping said in a statement on Monday it opposed accusations by the United States and measures against China’s shipbuilding and logistics industry. “The move is not conducive to fair competition and normal business operation order in the global shipping industry,” the state-owned conglomerate said. (Reporting by Yukun Zhang and...
SEOUL (Reuters) -A second Boeing jet intended for use by a Chinese airline was heading back to the U.S. on Monday, flight tracking data showed, in what appears to be another victim of the tit-for-tat bilateral tariffs launched by President Donald Trump in his global trade offensive. The 737 MAX took off from Boeing’s Zhoushan...
SEOUL (Reuters) -South Korea’s Hyundai Motor Group said on Monday that it has signed a memorandum of understanding with Posco Holdings for cooperation on its planned U.S. steel plant. Posco will make an equity investment in Hyundai Motor Group’s steel factory project in Louisiana, the group said in a press release. The steelmaker was also...
SINGAPORE (Reuters) – Keppel, a Singapore-based manager and operator of assets such as data centres, said on Monday that it has secured close to S$2.0 billion ($1.53 billion) of capital commitments from global institutional investors for its flagship funds. Keppel said in a statement that the commitments were for its Keppel Data Centre Fund III,...
By Ankur Banerjee SINGAPORE (Reuters) – Asian equities and U.S. stock futures slid on Monday while the dollar slumped, as anxiety over tariffs and public criticism of the Federal Reserve by President Donald Trump hit sentiment, leading gold prices to a new high. Trump launched a series of attacks against Fed Chair Jerome Powell on...
By Leika Kihara TOKYO (Reuters) – Japan will emphasise “fairness” in any discussions with the U.S. on exchange rates, Prime Minister Shigeru Ishiba said on Sunday, as bilateral trade talks grab global attention in President Donald Trump’s tariff offensive. Ishiba, in a talk show on public broadcaster NHK, indicated Tokyo could buy more U.S. energy...
As Trump’s tariffs continue to loom over global markets, the key question on many investors’ minds is this: how do you protect your portfolio without overreacting? This week, we take a closer look at how Singapore stocks are holding up in this uncertain climate. While some companies are feeling the heat, others are well-positioned to...
