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...
Welcome to this week’s edition of top stock market highlights. Nvidia (NASDAQ: NVDA) Nvidia was informed by the US government that its H20 chip would require a licence “for the foreseeable future” before it can be exported to China . This new restriction came as the Trump administration seems intent on escalating its trade war...
(Reuters) – The CEO of Hertz said he feels humbled following comments by billionaire investor Bill Ackman, whose investment management company Pershing Square recently accumulated a 19.8% stake in the car rental firm. “I am humbled, and we should all feel encouraged by Bill Ackman’s comments and energized by the strong support shown by him,”...
By Abhirup Roy, Aditi Shah, Hyunjoo Jin SAN FRANCISCO/NEW DELHI/SEOUL (Reuters) -Tesla’s long-awaited plans for an affordable car include a U.S-made, stripped-down version of its best-selling electric SUV, the Model Y, but the production launch has been delayed, three sources with knowledge of the matter told Reuters. Tesla has promised affordable vehicles beginning in the...
By Milana Vinn, Amy-Jo Crowley and Abigail Summerville (Reuters) – After U.S. President Donald Trump’s tariffs sent global markets sideways, Silicon Valley private equity firm Silver Lake Partners and chipmaker Intel added some new terms to a deal they had spent months negotiating. The talks continued for an extra week, during which the new clause...
By Leika Kihara TOKYO (Reuters) – Japan does not manipulate the currency market to weaken the yen, Finance Minister Katsunobu Kato told parliament on Friday, countering accusations from U.S. President Donald Trump that Japan intentionally depreciates its currency to help exporters. Kato is scheduled to visit Washington next week to attend the G20 finance leaders’...
