Posts by Liam Redmond
Wall St indexes open lower as oil crosses US$100
Published Wed, Sep 9, 2026 · 09:47 PM [NEW YORK] The main US stock indexes opened lower on Wednesday (Sep 9) as oil prices surged past the market-sensitive US$100-a-barrelmark level for the first time since July due to deepening tensions in the Middle East. The Dow Jones Industrial Average fell 78.2 points, or 0.15 per…
Read MoreDBS ‘categorically rejects’ S$1.3 billion claim by 1MDB-linked entities under liquidation
[SINGAPORE] DBS “categorically rejects” a S$1.298 billion claim for damages in a lawsuit filed by several entities linked to the 1Malaysia Development Berhad (1MDB) scandal. In a Wednesday (Sep 9) bourse filing, DBS said that a lawsuit has been filed against the bank by four 1MDB-linked entities under liquidation and the companies’ liquidators, Jason Aleksander…
Read MoreSembcorp axes S$105 million deal to buy Philippine solar farm developer
It is not acquiring Puente Al Sol due to ‘prevailing market conditions and evolving strategic priorities’ [SINGAPORE] Sembcorp Industries has axed a deal to acquire full ownership of Philippine solar farm developer Puente Al Sol, the Singapore-based energy player announced on Wednesday (Sep 9). Sembcorp had inked the deal to purchase Puente Al Sol from…
Read MoreSingapore’s blue-chip index down 0.7% on Wednesday as oil hits US$100 a barrel
Across the broader market, losers beat gainers 297 to 235, as 1.1b securities worth S$1.9b change hands [SINGAPORE] Singapore stocks ended lower on Wednesday (Sep 9), as mounting tensions in the US-Iran conflict sent the Brent crude oil price over US$100 a barrel. The benchmark Straits Times Index (STI) lost 0.7 per cent or 37.82…
Read MoreCOE premiums up across the board; Cat A price hits all-time high of S$133,009
[SINGAPORE] The Category A certificate of entitlement (COE) premium hit an all-time high of S$133,009 in the Wednesday (Sep 9) tender exercise, even as the prices rose across all the other categories. Meant for smaller, less powerful cars and electric vehicles (EVs), the latest Category A COE price was 3.5 per cent higher than the S$128,501 posted at the…
Read MoreHaidilao billionaire’s US$350 million surprise sale sinks shares
Published Wed, Sep 9, 2026 · 04:42 PM [BEIJING] The founding family behind China’s biggest chain of hotpot restaurants sought to sell up to US$353 million shares, sending the firm’s shares down as much as 12 per cent, the lowest level since March 2022. Shu Ping, a co-founder and wife of Haidilao’s chairman and CEO…
Read MoreSingapore Airlines to seek tougher terms for any fresh Air India funding
Published Wed, Sep 9, 2026 · 03:38 PM [HONG KONG] Singapore Airlines, backed by state investor Temasek, is expected to seek greater influence over management and stronger governance rights before approving a capital injection into Air India, said two people familiar with the matter. The proposed conditions, which would be negotiated with Air India’s majority…
Read More2 SIA flights cancelled, 2 diverted after air traffic control glitch at major British airports
Airline says it gave affected passengers assistance such as hotel accommodation and ground transport [SINGAPORE] Two Singapore Airlines (SIA) flights were diverted and another two were cancelled on Tuesday (Sep 8) due to a technical glitch affecting air traffic control services at major airports in Britain. In a statement on Wednesday, SIA said flights SQ308 and…
Read MoreSingdollar hits 10-month high against MYR; analysts still bullish on ringgit
The move above the 3.2 mark for the currency pair reflects the Singdollar’s resilience, says Maybank [SINGAPORE] The Singapore dollar rose to a 10-month high against the Malaysian ringgit on Wednesday (Sep 9) as macroeconomic forces weigh on the ringgit and the Singdollar emerges as a safe haven amid global volatility. The exchange rate between…
Read More‘Big fat tickets: China IPO frenzy nets lucky individuals six months’ pay in one day
2026 has had an unusually large crop of listings that deliver over 100,000 yuan (US$14,900) from one winning allocation SIX MONTHS’ salary in a single day. That is the kind of payoff China’s boom in initial public offerings is handing to a lucky few. Seven new listings in 2026 have generated profits of more than…
Read MoreGoogle, Blackstone cloud venture faces delays at data centre sites
The Alphabet unit has taken over the project, which will scale down after facing snag, sources say Published Wed, Sep 9, 2026 · 10:52 AM [NEW YORK] Alphabet and Blackstone’s new cloud venture has hit delays for major data centre locations that were supposed to run Google’s chips, underscoring the obstacles standing in the way…
Read MoreKioxia dismisses SK Hynix tie-up, vows to ease chip price rises
Closer links with the South Korean chipmaker will run into antitrust hurdles, says CEO Published Wed, Sep 9, 2026 · 10:02 AM [TOKYO] Kioxia’s top executive brushed aside the likelihood of deeper ties with rival and stakeholder SK Hynix, while pledging to keep surging memory prices at bay to avoid denting long-term artificial intelligence demand.…
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