Posts by Shopie More
China’s electricity use hits record in 2025, surpasses 10 trillion kWh
[SHANGHAI] China’s electricity consumption climbed 5 per cent to a record high last year, surpassing 10 trillion kilowatt-hours for the first time, the National Energy Administration said on Saturday. The 10.37 kWh milestone exceeded the combined consumption of the European Union, Russia, India and Japan in 2024, according to state media reports. Rising demand for…
Read MoreNvidia H200 chip parts suppliers halt output after China blocks shipments, FT reports
SUPPLIERS of parts for Nvidia’s H200 have paused production after Chinese customs officials blocked shipments of the newly approved artificial intelligence processors from entering China, the Financial Times reported on Friday. Reuters could not immediately verify the report, which cited two people with knowledge of the matter. Nvidia did not immediately respond to a request…
Read MoreFAA warns airlines on Central, South American flights of potential military actions
THE US Federal Aviation Administration warned airlines on Friday to exercise caution when flying over Mexico, Central America and parts of South America, citing the risks of potential military activities and GPS interference. The FAA said it had issued Notices to Airmen covering Mexico and Central American countries, as well as Ecuador, Colombia and portions…
Read MoreWhite House weighs executive action to cap credit card rates
THE White House is weighing an executive action to enact President Donald Trump’s call for a cap on credit card interest rates, in addition to other measures seeking to ease US affordability challenges. The plan, which is still being crafted as administration officials discuss the terms with industry and Congress, is designed to lower interest rates on credit cards…
Read MoreVenezuelan banks will get US$300 million of oil money to sell on exchange market: sources
FOUR Venezuelan banks were notified this week by the country’s government that they will split US$300 million of oil revenues deposited in an account in Qatar, enabling them to sell dollars to Venezuelan companies that need foreign exchange to pay for materials, two financial sources and an analyst said. The injection of foreign capital comes…
Read MoreMaybank applies to place Dasin Retail Trust’s manager under judicial management
This comes after four subsidiaries received court summonses over Companies Act breaches [SINGAPORE] Maybank has applied to place the trustee-manager of Dasin Retail Trust under judicial management. In a bourse filing on Friday (Jan 16), trustee-manager said it received legal notice that Maybank had filed the application in the High Court on Thursday. The trustee-manager…
Read MoreStamford Land unit is being sued over alleged defects in Sydney project
The claims involve alleged deficiencies in the design and construction of Macquarie Park Village [SINGAPORE] Stamford Land on Friday (Jan 16) announced that its wholly owned subsidiary HSH Hotels (Australia) is facing legal action by the owners corporations of Macquarie Park Village over alleged construction defects. The Macquarie Park Village project is a large-scale residential…
Read MorePorsche sales slump most in 16 years on poor China demand
Its sales are down 26% as the nation’s economic slowdown hit consumers across all income brackets [BERLIN] Porsche’s deliveries fell 10 per cent last year, following weak demand for electric vehicles (EVs) and a slump in China. This is the steepest drop since 2009, when the global financial crisis roiled the markets. The Volkswagen luxury…
Read MoreForward guidance: Why it matters and how to get it right
With clear communication on anticipated earnings and business strategies, listed companies can signal confidence and build credibility INVESTORS do not just focus on a company’s past performance; they also buy into its future. In a market where confidence drives capital, forward guidance – the practice of sharing credible statements about future performance and strategy –…
Read MoreJapan’s Katayama says all options open on yen, including joint action with US
[TOKYO] Japanese Finance Minister Satsuki Katayama said on Friday Tokyo would not rule out any options to counter excessive foreign exchange volatility, including coordinated intervention with the US, as the yen stayed around an 18-month low against the dollar. The yen weakened to as low as 159.45 per dollar this week, its softest level since…
Read MoreSeatrium end-customer gets reprieve after judge rejects Trump’s wind farm ban
The wind farms are collectively worth US$25 billion, according to an offshore wind advocacy group [WASHINGTON] US President Donald Trump’s attempts to torpedo offshore wind farms suffered a second blow this week when a federal judge ruled on Thursday (Jan 15) that construction for the US$5 billion Empire Wind project off Long Island in New…
Read MoreGoldman Sachs’ profit rises on dealmaking, trading strength
Its profit attributable to common shareholders rises to US$4.4 billion in Q4, from US$3.9 billion a year before [BENGALURU/NEW YORK] Goldman Sachs’ profit rose in the fourth quarter, fuelled by dealmaking, stronger trading revenues in a turbulent market and a one-time gain from exiting its credit card partnership with Apple. The bank’s equity traders capitalised on volatility and…
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