Posts by Liam Redmond
Greenback treads water with US-Iran clashes, inflation data in focus
Published Wed, Jun 10, 2026 · 09:11 PM [LONDON] The greenback held steady on Wednesday (Jun 10) as markets remained on edge over the latest clash between the US and Iran, while awaiting closely watched US inflation data that could provide clues on the Federal Reserve’s interest rate path. US President Donald Trump said on…
Read MoreSouth Korea inspects major FX banks for destabilising won trades
Its Customs Service uncovers 415.4 billion won in illegal FX transactions at 38 firms between January and May Published Wed, Jun 10, 2026 · 08:58 PM [SEOUL] South Korea escalated its defence of the won, moving from an emergency weekend meeting and warnings against speculative trading, to the first joint inspections of major foreign-exchange (FX)…
Read MoreSTT GDC expands Jakarta data centre campus as Indonesia’s AI needs grow
The move advances a development pipeline of more than 360 MW of AI‑ready, sustainable IT capacity in the country [SINGAPORE] Data centre provider ST Telemedia Global Data Centres (STT GDC) on Wednesday (Jun 10) said it is expanding its Jakarta data centre campus to meet the country’s rising cloud, AI and digital infrastructure needs. The…
Read MoreMalaysia palm reserves jump most in five months after sharp drop in exports
The fall is from buyers flocking to discounted Indonesian cargoes after Jakarta’s overhaul of key commodity exports Published Wed, Jun 10, 2026 · 07:37 PM [KUALA LUMPUR] Palm oil stockpiles in Malaysia climbed at the fastest pace in five months, as a sharp drop in exports overshadowed weaker production in the world’s second-largest grower. Inventories…
Read MoreCICT’s S$3.9 billion Paragon buy draws scrutiny over timing, funding risks at EGM
Still, unitholders vote overwhelmingly in favour of the proposed acquisition, with 99.96% of votes for it [SINGAPORE] Unitholders of CapitaLand Integrated Commercial Trust (CICT) pressed hard for answers at an extraordinary general meeting (EGM) to approve its proposed S$3.9 billion acquisition of Orchard Road mall Paragon, after raising questions over the timing of the deal…
Read MoreBank of Japan governor Ueda hospitalised, will miss June meeting
Published Wed, Jun 10, 2026 · 06:06 PM [TOKYO] Bank of Japan Governor Kazuo Ueda has been hospitalised for medical treatment and will miss the June 15-16 policy meeting, the central bank said on Wednesday. Deputy governor Ryozo Himino will preside over the rate review in place of Ueda, and the other deputy governor, Shinichi Uchida,…
Read MoreBank of Singapore taps veteran banker Lim Leong Guan to lead Dubai franchise
He will head private banking in the Middle East, South Asia and International, and be based in Dubai [SINGAPORE] Veteran banker Lim Leong Guan will from Jul 1 take charge of the Dubai franchise of the Bank of Singapore (BOS). This comes as the private banking arm of OCBC sharpens its focus on serving the…
Read MoreAnt International considers raising US$1 billion to boost growth
Prospective investors include existing shareholders General Atlantic and Silver Lake, sources say Published Wed, Jun 10, 2026 · 05:19 PM [BEIJING] Ant Group’s international business is considering raising about US$1 billion to accelerate growth, sources said. The global unit of the Jack Ma-backed fintech company has been sounding out interest from prospective investors, which includes…
Read MoreMalaysia says it is seeking new sources of fuel amid energy crunch
Its minister said the country’s energy reserves were sufficient until the end of July Published Wed, Jun 10, 2026 · 05:13 PM [KUALA LUMPUR] Malaysia is seeking new sources of fuel amid a global crunch caused by the war in Iran, though any supplies would need to be able to be processed by the country’s…
Read MoreGlobal watchdog calls for tighter controls on agentic AI in finance
The FSB said autonomous AI introduces risks that can “materialise at great speed” Published Wed, Jun 10, 2026 · 04:50 PM [LONDON] Global regulators said increasingly autonomous forms of AI could amplify risks for the financial system and called for new controls as adoption accelerates. The Financial Stability Board (FSB) in a report on Wednesday…
Read MoreChina taps commercial oil stockpiles to help weather Gulf shock
Analytics companies expect inventory draws to average about one million barrels a day in the coming months Published Wed, Jun 10, 2026 · 04:04 PM [BEIJING] China has started tapping its commercial crude reserves to help offset the supply shock from the Iran war, although the world’s biggest oil importer is continuing to prioritise lower…
Read MoreBizLink to buy Blackstone’s Singapore-based Interplex for US$850 million
Interplex Datacom makes the components that form the physical architecture of AI server racks [SINGAPORE] US-headquartered BizLink Holding has agreed to acquire Interplex Datacom from Blackstone-backed Ennovi for up to US$900 million, a strategic move aimed at capturing surging demand for artificial intelligence data centres across Asia. The all-cash transaction assigns Singapore-headquartered Interplex Datacom an…
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