Posts by Liam Redmond
Opec+ ratifies planned oil quota hike as Gulf flows rebound
Published Sun, Jul 5, 2026 · 04:50 PM — Updated Sun, Jul 5, 2026 · 07:24 PM MAJOR Opec+ members on Sunday (Jul 5) agreed on another modest increase to their collective oil-production quotas for next month, adding to the prospect of more supply eventually hitting the market if a US-Iran peace pact can stick. …
Read MoreUber pauses Europe food delivery expansion as it pursues Delivery Hero deal: FT
The American firm has shelved launches in five of the seven countries it had targeted for growth in 2026 Published Sun, Jul 5, 2026 · 01:32 PM UBER has paused the majority of its planned food delivery expansion in Europe just months after announcing the plans as the ride-sharing company continues to pursue a takeover…
Read MoreTiong Woon’s next heavy lift: S$200 million revenue by FY2030, as it expands beyond crane rental
CEO Michael Ang says the group is keeping gearing low as it explores overseas M&A opportunities [SINGAPORE] Mainboard-listed Tiong Woon has spent the past few years lifting more than just heavy loads. The heavy-lift and haulage specialist has grown its earnings base and drawn greater market interest while repositioning itself beyond its traditional crane rental…
Read MoreA week of insider buying and company buybacks
Over the five sessions, more than 120 director interests and substantial shareholdings were filed for around 50 primary-listed stocks [SINGAPORE] While the index benchmarks consolidated, director and CEO activity notched higher over the five sessions through to the Jul 2 close. Over the five sessions, more than 120 director interests and substantial shareholdings were filed…
Read MoreThe week of insider buying and buyback activity
Over the five sessions, more than 120 director interests and substantial shareholdings were filed for around 50 primary-listed stocks [SINGAPORE] While the index benchmarks consolidated, director and CEO activity notched higher over the five sessions through to the Jul 2 close. Over the five sessions, more than 120 director interests and substantial shareholdings were filed…
Read MoreTiong Woon’s next heavy lift: S$200 million revenue target by FY2030, as it expands beyond crane rental
CEO Michael Ang says the group is keeping gearing low as it explores overseas M&A opportunities [SINGAPORE] Mainboard-listed Tiong Woon has spent the past few years lifting more than just heavy loads. The heavy-lift and haulage specialist has grown its earnings base and drawn greater market interest while repositioning itself beyond its traditional crane rental…
Read MoreOil’s supply wave, tumbling prices rekindle fears of global glut
Opec may soon have to consider curbing supply to prop up prices, to avoid a fight for market share OIL prices are falling everywhere as a peace deal between the US and Iran unleashes a wave of supply, overwhelming demand from buyers and prompting talk of a glut of crude. This marks a staggering turnaround:…
Read MoreAre the ‘Mangos’ stocks already turning soft?
There’s no guarantee that any of the acronym’s six members will stick around and thrive Published Sun, Jul 5, 2026 · 09:50 AM IN THE 1950s, Italian industrialist Enrico Mattei was credited with coining what might have been the first stock market catchphrase when he described the energy giants of that era, including Standard Oil…
Read MoreSK Hynix is said to weigh 0.5% fee payout in mega ADR offering
Published Sat, Jul 4, 2026 · 04:15 PM [SEOUL] SK Hynix is considering paying about 0.5 per cent of the proceeds from its US listing – one of the largest share sales ever – to banks working on the deal, according to people familiar with the matter. While SK Hynix has indicated it will issue…
Read MoreEnergy-hungry Asia is already drawing lessons from Iran crisis
Policymakers are recalibrating their energy priorities – and nowhere more so than Asia [SINGAPORE] There is still no lasting peace deal in the Persian Gulf, but energy-hungry Asia is already drawing energy lessons from four months of war: it needs bigger buffers, a greater diversity of fossil-fuel suppliers and a better mix of power sources…
Read MoreJPMorgan sees US$4,500 gold price in Q4, says risks to downside
Published Sat, Jul 4, 2026 · 01:22 PM [BENGALURU] JPMorgan said demand for gold from key sectors would not be as strong as it had expected, limiting the rise in gold prices this year to US$4,300 per ounce in the third quarter and US$4,500 per ounce in the fourth quarter. The bank said the risks…
Read MoreScarred by 1997 crash, South Korea nervously opens 24-hour won trading
[SEOUL] Deep inside a government complex in Sejong, about two hours from Seoul, a room known as “the box” is ground zero for South Korea’s currency anxieties. Behind a door marked “restricted access”, finance ministry officials watch every tick in the won, scrutinising price swings and trading volumes to determine when intervention might be necessary.…
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