Latest news with #382
TimesLIVE
13-06-2025
- Automotive
- TimesLIVE
Trump says he may soon increase car tariffs to push more US production
US President Donald Trump on Thursday warned he may soon hike car tariffs, arguing that could prod carmakers to speed US investments. "I might go up with that tariff in the not too distant future," Trump said at a White House event. "The higher you go, the more likely it is they build a plant here." Carmakers have been pressing the White House to reduce the 25% tariffs Trump imposed on cars. The Detroit Three carmakers have criticised a deal that would cut tariffs on British car imports but not on Canada or Mexico production. Trump cited recent investment announcements, including GM saying this week it plans to invest $4bn (R71,882,393,200) in three US plants and move some SUV production from Mexico. He also noted a $21bn (R377,382,600,000) Hyundai investment announced in March, including a new US steel plant. "They wouldn't have invested 10c if we didn't have tariffs, including for manufacturing American steel, which is doing great," Trump said. Mexico said last month cars assembled in Mexico and exported to the US will face an average tariff of 15%, not 25%, because Washington is giving carmakers reductions for the value of US content. Carmakers are facing increasing cost pressures stemming from tariffs. In recent weeks, Ford Motor and Subaru of America have hiked prices on some models due to higher costs from Trump's tariffs. In May, Ford estimated tariffs would cost it about $1.5bn (R26,939,413,200) in adjusted earnings. GM said last month it had a tariff exposure of between $4bn (R71,882,393,200) and $5bn, including about $2bn (R35,942,920,000) on the more affordable vehicles GM imports from South Korea, where it makes entry-level Chevrolet and Buick models.
The Star
13-06-2025
- Business
- The Star
Banker banks over RM10mil from Toto 4D jackpot
PETALING JAYA: A banker from Johor has won RM10.38mil in the Toto 4D Jackpot on June 8. The 49-year-old said his win was literally a godsend as he got one of the winning numbers at a temple during Wesak Day celebrations. "I bought a lucky numbers incense stick, which displays numbers when burned," he said. "I combined this with my identity card number to form the winning pair – 3866 and 5899. "I bet on the same pair of numbers for six draws and they helped me to win the jackpot!" he said when collecting his winnings at STM Lottery head office in Kuala Lumpur. Even though he is now a multi-millionaire, he said he would continue working but has plans to travel around the world with his wife According to STM Lottery Sdn. Bhd, the winner bought a System 4 ticket which won him a whopping RM10,382,079.25 and another RM672 as System Play bonus.
The Star
20-05-2025
- Entertainment
- The Star
Andy Lau takes 70% pay cut to star in new thriller
Compiled by C. ARUNO, JUNAID IBRAHIM and R. ARAVINTHAN HONG KONG superstar Andy Lau (pic) took a nearly 70% pay cut just to appear in Herman Yau's crime-thriller A Gilded Game, reported China Press. 'I'm not afraid to reveal that all of us took just one-third of our usual salaries to allow most of the budget to be used in the completion of the film,' he told reporters. According to Lau, investors were reluctant to pour money into a film about finance which does not have explosions or fast-paced action sequences. Therefore, the budget for A Gilded Game was only 20% that of the previous films Yau had directed and starred Lau, he said. 'This film is an exception where I lowered my fees. I still get paid handsomely in other movies!' Lau added. In A Gilded Game, Lau plays an equity analyst with unbending principles and a mentor to a new finance graduate who was presented with a moral dilemma halfway into the film. > The daily also reported that a rehabilitation therapist in Chengdu, China, sparked a discussion online after she claimed that she earned more working part-time at a recycling station. From 8.30am to 5.30pm, 26-year-old Xiong works as a rehabilitation therapist at a hospital in Chengdu, specialising in helping elderly patients. After she finishes her shift, Xiong continues working at a recycling station her parents own, until 10pm. At the station, Xiong is responsible for collecting and sorting scrap metal, adding that the physical labour gave her toned arms. She added that she started helping her parents when she was in primary school and does not mind continuing as an adult. 'It earns money – why would I mind? 'My monthly salary at the hospital is 4,000 yuan (RM2,382). I earn more from recycling,' she said. The above articles are compiled from the vernacular newspapers (Bahasa Malaysia, Chinese and Tamil dailies). As such, stories are grouped according to the respective language/medium. Where a paragraph begins with a >, it denotes a separate news item.
Business Recorder
04-05-2025
- Business
- Business Recorder
Gold prices continue to fall
KARACHI: Gold prices continued to fall on Saturday, as world market declined below $3,250 per ounce, traders said. The precious metal lost further Rs2, 300 to Rs242,200 per tola and Rs1,972 to Rs293,381 per 10 grams, according to All Pakistan Sarafa Gems and Jewelers Association. Domestic silver prices also dropped by Rs45 and Rs39, settling for Rs3,382 per tola and Rs2,899 per 10 grams, respectively, the association added. It is worth noting that the open market may trade gold and silver at different prices as compared to those fixed by the association. World market offered gold bullion at $3,240 per ounce, plunging by $23 while silver was selling at $32 per ounce, the association said. Copyright Business Recorder, 2025
Express Tribune
29-04-2025
- Business
- Express Tribune
Bullion rebounds to Rs349,200/tola
Listen to article Gold prices in Pakistan surged on Tuesday, reflecting gains in the international market, as investor sentiment remained upbeat amid strong momentum. According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold rose by Rs2,100 per tola, reaching Rs349,200 in the local market. The price of 10 grams of gold also saw a notable increase of Rs1,800, closing at Rs299,382. On the global front, the yellow metal gained $21 during the day, with the international rate standing at $3,310 per ounce, inclusive of a $20 premium, APGJSA stated. The uptick comes a day after domestic gold prices dropped by Rs1,600 per tola to settle at Rs347,100. Commenting on the market dynamics, Adnan Agar, Director at Interactive Commodities, said gold is currently trading within a tight range, fluctuating between $3,270 and $3,380. "As of now, the metal is moving within this defined $110 band. A break above $3,380 could trigger a rally towards the $3,500 mark, while a drop below $3,270 may push prices down to $3,250 or $3,240," he noted. He added that the market remains range-bound, with no significant global developments - including those tied to the US-China trade situation - driving a breakout. However, strong momentum in the US session suggests potential for upward movement if key resistance levels are breached. "Gold touched a low of $3,275 today, climbed to a high of $3,350, and is currently hovering around $3,344," Agar said, emphasising that the metal has gained nearly $70 from its recent dip. "If the resistance at $3,380 breaks, we could see continued upward momentum." Meanwhile, the Pakistani rupee recorded a slight uptick against the US dollar, gaining 0.02% in the inter-bank market. By the close of trading, the local unit settled at 281.02 against the greenback, appreciating five paisas from Monday's closing rate of 281.07.
