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Briefs: GIC sues Nio in the US; Trump declares trade war; ASML orders beat forecasts

The Edge Singapore
The Edge Singapore • 8 min read
Briefs: GIC sues Nio in the US; Trump declares trade war; ASML orders beat forecasts
The Nio EP9, touted as one of the world’s fastest electric cars. Photo: Nio
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“We have a 100% tariff. If we didn’t have tariffs, we would be exposed as being a nothing.”
–— US President Donald Trump on his trade war with China

GIC brings securities lawsuit against China EV maker Nio in the US

Sovereign wealth fund GIC has filed a lawsuit in the US against China-based electric vehicle maker Nio and its executives, alleging securities fraud.

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NIO
GIC
Donald Trump
ASML

Highlights

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Sembcorp refutes reports that its Fujairah 1 plant in UAE damaged; no gas imports from Middle East scheduled this year
Look upstream to SIA Engineering, China Aviation Oil as war breaks out: OCBC

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