Singapore shares down on tariffs drag; STI dips 0.2%

Singapore shares down on tariffs drag; STI dips 0.2%

SINGAPORE shares closed lower for the third consecutive day on Wednesday (Feb 5), after US President Donald Trump announced tariffs on China – the world’s second-largest economy and a key trading partner of Singapore. The Republic’s blue-chip barometer, the Straits Times Index (STI), slid 0.2 per cent or 7.64 points to 3,815.37, despite opening 0.2…

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China adds Calvin Klein owner and Illumina to blacklist

China adds Calvin Klein owner and Illumina to blacklist

CHINA placed Calvin Klein owner PVH and US gene sequencing company Illumina to a so-called blacklist of entities, among a series of retaliatory actions after new tariffs ordered by President Donald Trump took effect on Tuesday (Feb 4). The Ministry of Commerce said that PVH and Illumina infringed the principles of market transactions and undertook…

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Nissan calls off Honda merger talks

Nissan calls off Honda merger talks

Japan’s Nissan has called off merger talks with rival Honda, the Nikkei newspaper said, abandoning a tie-up that would have created the world’s no 3 automaker and raising questions about its ability to ride out a crisis on its own. Shares in Nissan slid more than 4 per cent before trade was suspended by the…

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Nissan is likely to reject Honda offer in blow to tie-up plan

Nissan calls off Honda merger talks

The talks to create the world’s third-largest carmaker have gone haltingly since the plans were first announced in December NISSAN Motor is prepared to reject an acquisition offer that would make it a subsidiary of Honda Motor, according to a source familiar with the matter, a move that could jeopardise talks between the two carmakers…

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GM’s Cruise to cut 1,000 jobs as robotaxi service shuts down

GM’s Cruise to cut 1,000 jobs as robotaxi service shuts down

GENERAL Motors (GM) is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and sources familiar with the matter, part of a previously announced plan to halt robotaxi service and absorb the operations into its broader business. Several of Cruise’s leaders, including chief executive officer Marc Whitten,…

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Stocks to watch: CICT, FLCT, Sabana Reit

Stocks to watch: CICT, FLCT, Sabana Reit

THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 5). CapitaLand Integrated Commercial Trust: Its manager on Wednesday posted a distribution per unit of S$0.0545 for the second half ended December, unchanged from the previous corresponding period. This came amid an enlarged unit base due to the distribution…

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Stocks to watch: CICT, Keppel, FLCT, Sabana Reit

Stocks to watch: CICT, FLCT, Sabana Reit

THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 5). CapitaLand Integrated Commercial Trust: Its manager on Wednesday posted a distribution per unit of S$0.0545 for the second half ended December, unchanged from the previous corresponding period. This came amid an enlarged unit base due to the distribution…

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CapitaLand Integrated Commercial Trust’s H2 DPU remains at S$0.0545

CapitaLand Integrated Commercial Trust’s H2 DPU remains at Salt=

THE manager of CapitaLand Integrated Commercial Trust (CICT) posted a distribution per unit (DPU) of S$0.0545 for the second half ended December, unchanged from the previous corresponding period. This came amid an enlarged unit base due to the distribution reinvestment plan in March last year and an equity fundraising in September, said the manager on…

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