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If nominated and confirmed, it would mark a comeback for Warsh, whom the president passed over for the top job in 2017, when he selected Powell.

Trump administration prepares for Warsh Fed chair nomination

Warsh previously served on the US central bank’s Board of Governors

IPhone revenue rose to US$85.27 billion in the fiscal first quarter ended Dec 27, well above the US$78.65 billion analysts had expected.

Apple sales, profit beat Wall Street estimates amid ‘staggering’ iPhone demand

The tech giant said iPhone sales set records in every geographic segment

US firm SpaceX expects to use funds from its planned US$25 billion initial public offering in 2026 to develop orbital AI data centres in response to terrestrial energy constraints.

China plans space‑based AI data centres, challenging Musk’s SpaceX ambitions

The Chinese nation and the US are competing to become the first to exploit the military and strategic advantages of space dominance

US Federal Reserve chairman Jerome Powell has painted a picture of an economy that did not require any further rate cuts for the foreseeable future.
NEWS ANALYSIS

Powell defends independence of Federal Reserve

It will maintain trust in central banks that monetary policy will not be abused for short-term gains that might win elections

Nvidia CEO Jensen Huang says: “If H200 is approved, we will work with TSMC to schedule and plan the supply and deliver as fast as we can.”

Nvidia’s CEO says China is still finalising licence for H200 chip

Huang says Nvidia needed to compete quite vigorously as China has many strong chip companies

Consumer confidence in China, which accounts for about a quarter of luxury spending, has been hit by a prolonged property crisis and job concerns.

China luxury market forecast to rebound in 2026: Bain

This is due to a growing middle class, rising consumer confidence and policy measures that spur domestic consumption

India’s textile and apparel exports held steady at US$37.5 billion in 2025, despite the drop in US orders, as exporters diverted shipments to markets such as the EU.

India’s textile exporters pin hopes on EU deal after US tariff blow

Under the pact, the EU will remove duties on 90% of Indian goods, plus the roughly 12% tariff on textiles and apparel

Markets are eyeing two quarter-point rate cuts this year, with the first not fully priced in until July, says Jean Boivin, head of the BlackRock Investment Institute.

Singapore, Asia markets end largely higher after Fed pause and MAS hold as focus shifts to earnings

Investor attention is shifting towards fundamentals and AI-linked growth themes in the region

In Asia, attention is on the race for leadership in next-generation HBM4, which is set to be integrated with Nvidia’s upcoming flagship Rubin processors.

From Meta to Samsung, global tech unleashes spending to chase AI

Memory manufacturers are reallocating production lines towards lucrative HBM to satisfy the needs of AI data centres

Starting in 2026, energy storage projects must meet domestic-content thresholds, forcing companies such as Sungrow to localise manufacturing or source non-Chinese battery cells.

One of China’s richest battery tycoons builds US$50 billion empire

Sungrow has the second-biggest market value among all mainland-listed firms seeking H-share listings

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