CGSI flags global expansion potential for Pop Mart, maker of Labubu toys; initiates coverage

CGSI flags global expansion potential for Pop Mart, maker of Labubu toys; initiates coverage

[Hong Kong] CGS International (CGSI) has initiated coverage on Pop Mart’s stock with an “add” rating, citing the group’s transformation from a toy retailer to an intellectual property (IP)-centric platform. CGSI set the price target for the Chinese stock at HK$249.60, versus its last price of HK$208 at Tuesday close (May 20). That represents upside…

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Nvidia CEO praises Trump move to scrap some AI export curbs

Nvidia CEO praises Trump move to scrap some AI export curbs

[TAIPEI] US export controls on artificial intelligence (AI) chips to China were “a failure” as they have cost American companies billions of US dollars in lost sales, Nvidia chief executive Jensen Huang said on Wednesday (May 21). Huang’s comments were levelled at the Biden administration’s AI diffusion rule that sought to curb exports of sophisticated…

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Toyota takes all-hybrid plunge with its best-selling US vehicle

Toyota takes all-hybrid plunge with its best-selling US vehicle

[DETROIT] Toyota Motor is scrapping the petrol-powered version of its best-selling vehicle in the US as the Japanese carmaker doubles down on its push into hybrids. The latest generation of the RAV4 compact crossover available later this year comes equipped with a standard or plug-in hybrid powertrain, dropping the gas-powered option that makes up the…

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Former Citigroup traders drop Hong Kong lawsuit on cost concerns

Former Citigroup traders drop Hong Kong lawsuit on cost concerns

[HONG KONG] Two former Citigroup traders in Hong Kong abandoned their employment lawsuits after weighing the costs and difficulties of taking it to a higher court, sources familiar with the matter said. Ex-Citi director Alrick Lee and Kenny Cheung, a former vice-president, agreed to drop their wrongful dismissal claims after a Labour Tribunal judge deemed…

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Temasek’s SeaTown to invest up to S$115 million in AddVita

Temasek’s SeaTown to invest up to S5 million in AddVita

[SINGAPORE] SeaTown Holdings, an investment manager indirectly owned by Temasek, said on Wednesday (May 21) it is committing up to S$115 million in Singapore healthcare and life sciences firm AddVita.  Offering medical and laboratory technologies, AddVita sells pharmaceutical products as well, to hospitals, clinics, pharmacies and healthcare providers throughout Asia, particularly South-east Asia. It also…

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Gold gains on weaker dollar, US fiscal concerns

Gold gains on weaker dollar, US fiscal concerns

[BENGALURU] Gold prices rose on Wednesday (May 21) as the US dollar slipped to a two-week low and investors sought safety amid US fiscal uncertainty, with Congress debating a sweeping tax bill. Spot gold was up 0.4 per cent at US$3,300.72 an ounce, as at 0035 GMT. US gold futures gained 0.6 per cent to…

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Monetary Authority of Singapore MD says US$ assets irreplaceable

Monetary Authority of Singapore MD says US$ assets irreplaceable

Factors that the market are paying attention to include any prospect for slower growth and higher inflation in America as well as cues on its fiscal trajectory and policies that could reinforce that confidence Published Wed, May 21, 2025 · 09:08 AM [DOHA] US dollar-based assets have “enduring advantages” and remain virtually irreplaceable in the…

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