Posts by Liam Redmond
Asia markets advance on peace deal hopes, corporate earnings
Published Thu, Apr 16, 2026 · 09:21 AM [SINGAPORE] Stocks pushed higher in early Asia trading on Thursday as optimism grew about a deal to end the Iran war with the US ratcheting up pressure on Tehran, while traders prepared for a raft of economic data and critical earnings reports. MSCI’s broadest index of Asia-Pacific…
Read MoreSupport of trusted regional partners key to securing energy needs: PM Wong
Singapore, as an oil trading and refinery export hub, will do what it can to secure alternative “upstream feedstock”, PM Wong says Published Thu, Apr 16, 2026 · 08:15 AM [SINGAPORE] Singapore will do its part to shore up regional resilience amid the ongoing fuel crisis but it cannot secure its energy needs without the…
Read MoreJury finds Live Nation acts as a monopoly in a victory for states
A US Federal jury on Wednesday found that Live Nation, the concert giant that owns Ticketmaster, has operated as a monopoly in violation of federal and state antitrust laws, ending a closely watched trial in New York that could have far-reaching consequences in the music industry. The verdict came after four days of deliberations in…
Read MoreAustralia says refinery fire may hit petrol production more than diesel, jet fuel
The refinery supplies more than 50 per cent of Victoria’s fuel and 10 per cent of Australia’s Published Thu, Apr 16, 2026 · 06:17 AM [SYDNEY] Australia said on Thursday the fire at Viva Energy’s Geelong refinery in southern Australia may impact more on petrol production than diesel and jet fuel. “At this point, production of diesel…
Read MoreSnap is cutting 1,000 workers in the latest tech layoff
Snap, the parent company of disappearing messaging app Snapchat, said Wednesday that it’s laying off 1,000 workers to reduce costs. The Santa Monica social media company is pursuing profitability and efficiency as it faces stiff competition for ad dollars from bigger rivals such as Facebook parent company Meta and Google. Snap said it’s slashing 16%…
Read MoreStarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
The telco is partially monetising its investment in the joint venture while freeing up capital for redeployment [SINGAPORE] StarHub is ceding majority control of joint venture (JV) Ensign InfoSecurity to co-shareholder Temasek in a S$115 million deal that closes out a seven-year governance arrangement and books the telco a gain of more than S$200 million.…
Read MoreCATL earmarks 30 billion yuan for critical minerals security as Q1 profits surge 49%
The board approves new unit to act as investment and ops platform for the new-energy mining sector Published Wed, Apr 15, 2026 · 11:13 PM [SHANGHAI] The world’s biggest electric-vehicle battery-maker, Contemporary Amperex Technology Co Ltd (CATL), is planning to expand its footprint in critical minerals and strengthen supply-chain security. CATL said its board has…
Read MoreSen Yue gets SGX nod to delist as privatisation offer closes at 97.73%
[SINGAPORE] Waste management company Sen Yue has received regulatory approval to delist from the Singapore Exchange (SGX), after its privatisation offer closed with valid acceptances representing 97.73 per cent of its total shares. In a bourse filing on Wednesday (Apr 15) evening, the Catalist-listed company noted that SGX had indicated on Apr 10 that it…
Read MoreEU warns Meta WhatsApp AI fee breaches antitrust rules, orders rollback
Published Wed, Apr 15, 2026 · 11:00 PM [BRUSSELS] The European Commission said on Wednesday (Apr 15) it intended to order Meta Platforms to reinstate rival artificial intelligence assistants on its WhatsApp messaging service after the US tech giant imposed an access fee. “The Commission notified Meta that the revised policy seems to have the…
Read MoreWall Street opens higher with earnings in focus
Published Wed, Apr 15, 2026 · 09:48 PM [NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Apr 15) as investors assessed the latest developments in the Middle East and a raft of corporate earnings, while awaiting remarks from Federal Reserve officials. The Dow Jones Industrial Average rose 13.2 points, or 0.03 per cent,…
Read MoreASML lifts 2026 forecast as surging AI chip demand boosts new orders
Published Wed, Apr 15, 2026 · 08:49 PM [AMSTERDAM] ASML, the world’s largest supplier of chipmaking tools, on Wednesday (Apr 15) reported stronger-than-expected first-quarter earnings and lifted its 2026 revenue outlook as artificial intelligence boosts demand for its equipment. The stronger forecast underscores the rapid expansion of the global market for AI and a resulting…
Read MoreYangzijiang spins off new unit to operate vessel delivery and repair in Nantong
The new subsidiary has a registered capital of US$100 million, funded through the group’s internal resources [SINGAPORE] Yangzijiang Shipbuilding has spun off a new unit to build and run facilities in Nantong, China, for delivering large vessels and carrying out ship repair and conversion work. In a bourse statement on Wednesday (Apr 15), the mainboard-listed…
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