1 week ago Taco trade? US leader challenges claim that ‘Trump always chickens out’ in talks

US President Donald Trump pushed back Wednesday on a new acronym making the Wall Street rounds to describe a way to profit from his fitful negotiating style, Taco, short for “Trump always chickens out”. Trump, who was evidently not aware of the term when asked about it in the Oval Office by a reporter, responded with equal parts sarcasm and indignation. The Taco trade refers to an investment strategy that benefits from the rise in share prices after the US president relents. “Oh, isn’t that...

Politics

2 w. ago Xiaomi posts record earnings in first quarter amid push into EVs, chips

Xiaomi’s first-quarter revenue surged nearly 50 per cent, as the Chinese smartphone giant doubled down on new initiatives, including electric vehicles (EVs) and semiconductors. Revenue for the three months ended March 31 reached 111.2 billion yuan (US$16.46 billion), up 47.4 per cent year on year, the company said on Tuesday. Adjusted net profit reached a record high of 10.68 billion yuan, up 64.5 per cent from the year-earlier period. The results came in slightly above analysts’ expectations of...

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2 w. ago China's Lenovo posts quarterly profit far short of estimates, shares slide

China's Lenovo posts quarterly profit far short of estimates, shares slide  Reuters

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2 w. ago Singapore warns of technical recession risk from US tariff tensions

The warning came despite the city state’s economy posting a better-than-expected growth in the first quarter.

Events

4 w. ago Tencent posts strong quarterly revenue as Chinese video gaming giant bets big on AI

The tech giant reported US$25 billion in revenue for the first quarter, its largest ever for a three-month period, beating estimates.

Politics

4 w. ago Tencent posts best quarter on record as world’s largest video games publisher bets on AI

The tech giant reported US$25 billion in revenue for the first quarter, its largest ever for a three-month period, beating estimates.

Politics