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 MoreYen rallies as over-US$100 oil rattles greenback
The spotlight is on the Japanese currency due to its recent spike, shifting the calculus for the carry trade Published Wed, Sep 9, 2026 · 08:51 PM [LONDON] The Japanese yen traded at seven-month highs on Wednesday (Sep 9), keeping the US dollar under pressure, as traders grappled with oil prices breaking above US$100 a…
Read MoreUber seeking 4.5 billion euros from debut euro bond sale
It’s selling fixed-rate securities with maturities ranging from three years to 20 years Published Wed, Sep 9, 2026 · 08:51 PM [WASHINGTON] Uber Technologies is looking to raise 4.5 billion euros (US$5.2 billion) from its debut five-part euro bond, the latest move by an American company to diversify its funding in Europe. The ride-hailing app…
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 MoreGoogle to invest 13 billion euros in AI infrastructure in Finland
Published Wed, Sep 9, 2026 · 06:32 PM [HELSINKI] Alphabet’s Google is planning its biggest investment in Europe, an artificial intelligence infrastructure build out worth at least 13 billion euros (US$15.1 billion) in Finland. The investments over the next two years will include the construction of at least three new data centres as well as…
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 MoreChina curbs humanoid IPOs after Unitree’s volatile debut
Published Wed, Sep 9, 2026 · 04:57 PM [BEIJING] Chinese regulators are tightening the approval for humanoid startups planning initial public offerings after a volatile debut by industry leader Unitree Robotics, The Information reported on Wednesday (Sep 9). The China Securities Regulatory Commission has given an informal “window guidance” to some investment banks and firms…
Read MoreChina curbs humanoid IPOs after Unitree’s volatile debut
Published Wed, Sep 9, 2026 · 04:57 PM [BEIJING] Chinese regulators are tightening the approval for humanoid startups planning initial public offerings after a volatile debut by industry leader Unitree Robotics, The Information reported on Wednesday (Sep 9). The China Securities Regulatory Commission has given an informal “window guidance” to some investment banks and firms…
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 MoreUK flights resume after major air traffic outage
Published Wed, Sep 9, 2026 · 04:30 PM [LONDON] Flights from British airports resumed early on Wednesday (Sep 9) after a major air traffic control failure, but hubs warned that it would take time for operations to return to normal and questions mounted about the reliability of Britain’s aviation systems. The hours-long shutdown on Tuesday,…
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