Posts by Liam Redmond
Malaysia extends search for missing flight MH370 by one year
Published Mon, Jun 29, 2026 · 04:49 PM [KUALA LUMPUR] Malaysia has extended by one year its deal with deep-sea exploration firm Ocean Infinity to conduct an underwater search for missing Malaysia Airlines flight MH370, the transport ministry said on Monday. The Boeing 777 aircraft was carrying 227 passengers and 12 crew when it vanished…
Read MoreNikkei reverses course to end Monday higher as chip-related shares cut losses
Published Mon, Jun 29, 2026 · 03:45 PM [TOKYO] Japan’s Nikkei share average reversed course to end higher on Monday, as chip-related stocks cut losses after South Korea rolled out sweeping chip and AI mega-projects. The Nikkei closed 0.15 per cent higher at 69,468.11, after falling as much as 1.97 per cent earlier in the…
Read MoreLindt heads for worst quarter in 17 years on price-hike fallout
The Swiss company raised prices last year by nearly 20 per cent on the back of surging cocoa prices Published Mon, Jun 29, 2026 · 03:22 PM LINDT & Spruengli AG’s shares are on track for their biggest quarterly loss in 17 years as consumers tire of higher chocolate prices, signalling that the Swiss confectioner’s…
Read MoreToyota sales drop again in May as Iran conflict hits production
It marks a fourth straight month of declines amid Middle East disruptions and competition in China Published Mon, Jun 29, 2026 · 01:53 PM [TOKYO] Toyota Motor posted another drop in global sales, hit by Middle East disruptions and tough competition in China that pushed the world’s top-selling automaker into a fourth straight month of…
Read MoreFormer Dyson Global CEO Roland Krueger on the road ahead for the car industry
He expects car sharing and subscriptions to become more common in places where owning a car is costly [SINGAPORE] Before Roland Krueger was leading global companies, he was reading books about explorers venturing into the unknown. That fascination eventually took him to the South Pole and shaped the way he’s approached boardrooms. “If you fail…
Read MoreChina says tech growth a challenge to predicting energy demand
The growth of emerging sectors including AI and electric vehicles makes forecasting future energy needs harder Published Mon, Jun 29, 2026 · 12:07 PM CHINA faces greater uncertainty in forecasting energy demand as structural changes in the economy and the rapid expansion of new industries reshape consumption patterns, according to a top government official. Demand…
Read MoreChina’s central bank debuts overnight reverse repo operation, withholding key interest rate
The bank conducts 300 billion yuan of overnight reverse repurchase agreements in open market operations Published Mon, Jun 29, 2026 · 10:43 AM [BEIJING] China’s central bank held its debut overnight reverse repo operation without disclosing the rate of interest it charged on its new instrument, in a surprise move to traders awaiting guidance on…
Read MorePhilippines leads the world in rush to solar as power prices soar
Panel imports rose 145% on the year to US$407 million for the three months through May Published Mon, Jun 29, 2026 · 09:13 AM [SINGAPORE/MANILA] People in the Philippines are flocking to install solar power on rooftops and escape the burden of soaring electricity prices, making it the world’s biggest spender on solar panels since…
Read MoreGold declines as fresh US-Iran tension fans inflation concerns
Gold is down about 23% since the US and Israel launched strikes on Iran in late February Published Mon, Jun 29, 2026 · 08:53 AM — Updated Mon, Jun 29, 2026 · 09:42 AM [SINGAPORE] Gold declined to near US$4,000 an ounce after the US and Iran traded attacks in the Persian Gulf, straining a…
Read MoreIndividual who made US$127.6 million claim on Keppel unit’s Jakarta land further appeals court decision
This latest appeal follows two consecutive legal victories for Keppel earlier this year [SINGAPORE] A legal dispute over the ownership of land plots in Jakarta, involving a Keppel unit and an individual seeking a 2.28 trillion rupiah (US$127.6 million) claim, is now heading to Indonesia’s highest court. In an announcement on Saturday (Jun 27), Keppel…
Read MoreSilver remains under pressure as sell-off continues
Published Mon, Jun 29, 2026 · 07:00 AM SILVER has experienced a dramatic boom-and-reset cycle over the past 18 months. After starting 2025 below US$29 an ounce, the metal surged on tightening inventories, persistent supply deficits and strong investment demand, reaching about US$84 an ounce by December 2025 before peaking at a record high above…
Read MoreSaudi Aramco helicopter crash kills 14 nationals
This comes as Middle East producers ramped up oil and gas output and exports ahead of the US-Iran peace deal Published Sun, Jun 28, 2026 · 09:15 PM [DUBAI] A helicopter belonging to Saudi oil giant Aramco crashed on Sunday (Jun 28) in Ras Tanura on Saudi Arabia’s eastern coast on the Gulf, west of…
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