Trump team nears Taiwan trade deal with more US chip investment

Trump team nears Taiwan trade deal with more US chip investment

Any agreement with Taipei risks provoking China, which claims the island as part of its territory [WASHINGTON] The Trump administration is close to a trade deal with Taiwan that would lower American tariffs on goods from the self-governed island and significantly expand Taiwan Semiconductor Manufacturing Company (TSMC)’s planned investment in chip production on US soil,…

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Gold eases on profit-booking after breaching US$4,600/oz

Gold eases on profit-booking after breaching US,600/oz

[BENGALURU] Gold eased on Tuesday (Jan 13), a day after breaching US$4,600/ounce for the first time ever, as investors booked profits amid heightened geopolitical and economic uncertainty. Spot gold fell 0.4 per cent to US$4,576.79 per ounce as at 9.34 am. Bullion hit a record high of US$4,629.94 on Monday. US gold futures for February…

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Boustead Singapore tweaks deal with Unified Industrial to retain control of Vietnam business

Boustead Singapore tweaks deal with Unified Industrial to retain control of Vietnam business

This allows the company to better manage its real estate and fund management business in one of Asean’s fastest growing economy [SINGAPORE] Boustead Singapore on Monday (Jan 12) announced amendments to a master share subscription agreement between its subsidiaries and Hong Kong-based real estate company Unified Industrial. The amendments will allow it to retain control…

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Asia markets extend gains on ‘Sell America’ inflows, Trump’s Iran tariff threat; Nikkei at record high

Asia markets extend gains on ‘Sell America’ inflows, Trump’s Iran tariff threat; Nikkei at record high

Sustained advances also driven by attractive valuations and Asia-Pac growth prospects [SINGAPORE] Asian markets extended gains on Tuesday (Jan 13) as the momentum from a global rotation out of US assets continued despite fresh geopolitical warnings from US President Donald Trump. While the Sell America” trade lifted regional indices on Monday, sentiment was tested this…

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BlackRock cuts hundreds of jobs, trimming about 1% of staff

BlackRock cuts hundreds of jobs, trimming about 1% of staff

[NEW YORK] BlackRock is cutting hundreds of jobs across the company, becoming the latest Wall Street firm to rein in headcount in recent weeks. The cuts total about 1 per cent of BlackRock’s global headcount, according to sources familiar with the matter, who asked not to be identified discussing private information. The reductions amount to…

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Mayor Mamdani just joined the nurses’ picket line against HIMSELF

Mayor Mamdani just joined the nurses’ picket line against HIMSELF

In joining striking private-hospital nurses on the picket line Monday, Mayor Zohran Mamdani forgot that he’s the city’s chief executive — and so part of the management the union is fighting. The city’s public hospitals, under NYC H+H , have already committed to matching the private-sector nurse contracts: The union opted not to strike against…

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