Posts by Nathan Pine
China pauses new deals with Li Ka-shing family after Panama ports plan
[ad_1] [NEW YORK] China has told state-owned firms to hold off on any new collaboration with businesses linked to Li Ka-shing and his family, according to people familiar with the matter, after the Hong Kong billionaire irked Beijing with his plan to sell two Panama ports to a global consortium. The directive was issued to…
Read MoreHong Kong lures investment firms Ardian, Arga seeking expansion
[ad_1] [HONG KONG] Two investment firms are setting up offices in Hong Kong to attract money from the region, the latest sign of renewed financial activity in the city following government efforts to defend the financial hub’s status. Paris-based Ardian SAS is opening an outlet to cater to the rising demands from clients including family…
Read MoreAutos lead market losses after Trump’s latest tariffs salvo
[ad_1] [HONG KONG] A plunge in automakers hit Asian and European equities on Thursday (Mar 27) after Donald Trump announced painful tariffs on all imported vehicles and parts as he presses hardball trade policies many fear will spark a recession. Indications that levies lined up for the president’s “Liberation Day” on Apr 2 would be…
Read MoreNissan’s new CEO says it needs partners and is open to Honda
[ad_1] [TOKYO] Nissan Motor’s incoming chief executive officer said he’s open to pursing a partnership with Honda Motor, the Japanese peer his carmaker tried to combine with before talks broke down last month. The auto industry’s push into intelligent cars “is going to require a lot of work and a lot of investment that probably…
Read MoreRobinhood, moving beyond meme stocks, now wants to be your bank
[ad_1] [NEW YORK] Robinhood Markets has moved past its meme stock days to become known as the go-to trading platform for retail investors of all stripes – crypto zealots, novice financiers and sophisticated speculators alike. Now it’s taking it a step further: It also wants to be your bank. Robinhood will roll out checking and…
Read MoreAuto industry rocked by Trump’s 25% tariffs on US imports
[ad_1] [DETROIT] US automakers and their global rivals were rocked on Wednesday by President Donald Trump’s announcement that he would impose 25 per cent tariffs on all vehicles and foreign-made autoparts imported into the United States. General Motors shares slumped 8 per cent in after-market trading. Shares in Ford and US-traded shares of Chrysler-parent Stellantis…
Read MoreChina banks ramp up bad property loan disposals to boost economy
[ad_1] [NEW YORK] China’s big banks are accelerating a drive to write off soured property loans to clean up their balance sheets as they heed calls by policymakers to back the world’s second-largest economy. Financial regulators have urged lenders, including Industrial & Commercial Bank of China, in recent months to prioritise the disposal of non-performing…
Read MoreXpeng may add EV output in Europe, Latin America in growth push
[ad_1] [HONG KONG] Chinese electric vehicle (EV) maker Xpeng is looking to ramp up its global expansion, including investing in manufacturing plants and infrastructure, with a focus on large markets such as Europe. The brand, which already has a presence in 30 countries, is currently focused on markets including South-east Asia and the Middle East.…
Read MoreTrump drives trade war fears with 25% auto tariffs
[ad_1] [WASHINGTON] Asian auto stocks fell on Thursday (Mar 27) after US President Donald Trump unveiled a 25 per cent tariff on imported vehicles, expanding a global trade war and prompting criticism and threats of retaliation from affected US allies. The new levies on cars and light trucks will take effect on Apr 3, the…
Read MoreUS: Stocks slip as auto tariffs approach
[ad_1] [NEW YORK] US stocks veered off course on Wednesday (Mar 26) after the White House said President Donald Trump would announce fresh tariffs on the auto sector after markets close. The Dow Jones Industrial Average closed down 0.3 per cent at 42,454.79, while the broad-based S&P 500 Index fell 1.1 per cent to 5,712.20. …
Read MoreOpinion: Don’t mourn DFI’s sale of Cold Storage, Giant
[ad_1] While the group has a seemingly formidable portfolio of retailing brands, its shares have delivered a negative total return of 65.8% over the past 10 years [SINGAPORE] Some investors might have been perplexed when DFI Retail Group said earlier this week that it had agreed to sell its Cold Storage and Giant stores in…
Read MoreRivian spins out startup focused on small, lightweight electric vehicles
[ad_1] Rivian, known for its large electric trucks, is setting its sights on small and lightweight vehicles. The Irvine-based automaker said Wednesday it’s spinning out its micromobility business into a new startup called Also Inc. Micromobility encompasses a variety of vehicles, including electric bikes, scooters and skateboards. Rivian said in a news release that it…
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