Posts by Liam Redmond
BizLink 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…
Read MoreXpeng CEO to head robot unit with humanoid mass production imminent
The EV maker has set a goal of starting mass production of Iron robots by the end of 2026 Published Wed, Jun 10, 2026 · 01:57 PM [BEIJING] The CEO of Xpeng said on Wednesday that he would personally lead the company’s robotics business, as the Chinese electric vehicle maker – emerging as a frontrunner…
Read MoreBYD chairman says firm will be world’s biggest automaker in five years as shares slide
The company has struggled to restore growth after its domestic sales were hit by intensified competition with local peers over the past year Published Wed, Jun 10, 2026 · 01:02 PM [SHANGHAI] Wang Chuanfu, chairman of BYD, on Tuesday (Jun 9) said that he expected the Chinese firm to become the world’s largest automaker within…
Read MoreAsics will spin off trendy shoe brand Onitsuka Tiger
Published Wed, Jun 10, 2026 · 12:09 PM [TOKYO] Asics will spin off Onitsuka Tiger, the 77-year-old Japanese shoe brand that’s enjoyed a resurgence in popularity amid a tourism boom and growing global demand for retro sneakers. Asics said that its board of directors has approved a plan to transfer the Onitsuka Tiger business to…
Read MoreStarbucks weighs Japan unit options including 400 billion yen stake sale: sources
The US coffee chain has held preliminary talks with investment banks to help determine an approach Published Wed, Jun 10, 2026 · 10:43 AM [TOKYO] Starbucks is considering options for its Japanese business including a stake sale, according to people familiar with the matter, following the disposal of a majority interest in its China operations.…
Read MoreJapan’s largest banks to jointly issue stablecoins by March 2027
The lenders will set up a council to examine operational frameworks and prepare for the issuance Published Wed, Jun 10, 2026 · 09:51 AM [TOKYO] Japan’s three largest banks said on Wednesday (Jun 10) they will jointly issue stablecoins during the current fiscal year ending in March 2027, a sign of growing momentum for digital…
Read MoreiCapital strengthens Apac presence as demand for alternatives surges among wealthy investors
Singapore’s wealthy are no longer asking whether to invest in alternatives – they want to know how: COO [SINGAPORE] Temasek-backed global fintech firm iCapital, a platform that streamlines the complex, manual processes traditionally required to access private markets, is looking to expand its Asia headcount, it said on Wednesday (Jun 10). This comes as demand…
Read MoreGold extends fall as renewed US-Iran clashes test fragile truce
The latest clashes threaten a fragile ceasefire and risk extending the near-total closure of Hormuz Published Wed, Jun 10, 2026 · 08:05 AM [SINGAPORE] Gold extended a decline after the US launched fresh strikes against Iran in retaliation for the downing of a military helicopter, jeopardising efforts to end the war that’s roiled global markets.…
Read MoreCGSI upgrades Singapore banking sector to ‘overweight’ on net interest income upside
[SINGAPORE] CGS International (CGSI) has upgraded its outlook on the Singapore banking sector from “neutral” to “overweight”, amid robust capital inflows and continued loan growth. In a note on Tuesday (Jun 9), the brokerage said it believes local lenders are well-positioned for return on equity (ROE) expansion, driven primarily by net interest income (NII) growth…
Read MoreS&P 500, Nasdaq fall as tech selling resumes, Trump vows to respond to downed US helicopter
Consumer price data for May could offer fresh clues on how the rise in energy prices, driven by the Iran war, is impacting inflation Published Wed, Jun 10, 2026 · 05:58 AM [NEW YORK] The S&P 500 and Nasdaq indexes fell on Tuesday (Jun 9) as a rebound in technology shares faded and as US…
Read MoreUS stocks: Wall Street rises as tech shares gain, Middle East tensions ease
Published Tue, Jun 9, 2026 · 10:31 PM WALL Street’s major indexes advanced on Tuesday (Jun 9), as technology stocks rose for a second day after last week’s rout, and easing hostilities in the Middle East aided sentiment. Shares of chipmakers Intel, Broadcom and Micron Technology added between 1.5 per cent and 3.2 per cent.…
Read MoreChina’s Tencent draws more than US$16 billion in orders for dual-currency bond
Published Tue, Jun 9, 2026 · 09:40 PM [SYDNEY] China’s Tencent Holdings has drawn more than US$16 billion in orders, around four times the amount it is seeking to raise, for a planned dual-currency bond, updated order book messages reviewed by Reuters showed on Tuesday (Jun 9). The enthusiasm is in line with the global…
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