Posts by Liam Redmond
India PM Modi seeks to expand global reach of homegrown retail payment platform
Among countries where the platform is operational are Singapore, the UAE, France and Nepal Published Tue, Sep 8, 2026 · 11:17 PM [NEW DELHI] Indian Prime Minister Narendra Modi said on Tuesday (Sep 8) that Unified Payments Interface (UPI), the country’s homegrown retail payment network, should aim to integrate with payment systems of more countries.…
Read MoreMaybank raises US$700 million in dual-tranche dollar bond sale
It plans to use the proceeds for working capital, general banking and other corporate purposes Published Tue, Sep 8, 2026 · 10:37 PM [HONG KONG] Malayan Banking (Maybank), Malaysia’s biggest bank by assets, has launched a US$700 million sale of US dollar bonds in two parts, according to anupdated term sheet seen on Tuesday. The…
Read MoreWall St mixed at open as Gulf tensions send oil to over six-week high
Published Tue, Sep 8, 2026 · 09:46 PM [NEW YORK] Wall Street’s main indexes were mixed at open on Tuesday (Sep 8) as fresh hostilities in the Middle East pushed oil prices to their highest since late July, while markets await inflation data due later this week. The Dow Jones Industrial Average fell 303.8 points,…
Read MoreCenturion acquires 7,974 bed Johor worker accommodation asset for US$53 million
The asset comprises two adjoining parcels of land in the Pasir Gudang industrial area [SINGAPORE] Centurion Corporation has entered into an agreement to acquire a 7,974 bed purpose-built worker accommodation asset in Pasir Gudang, Johor, for RM214.5 million (US$53 million), the property group said in an announcement on Tuesday (Sep 8). The acquisition comprises two…
Read MoreYen climbs to seven-month high on hawkish BOJ bets
Published Tue, Sep 8, 2026 · 09:01 PM [LONDON] The Japanese yen climbed to a near seven-month high on Tuesday (Sep 8), as growing expectations of a Bank of Japan (BOJ) rate hike next week sent bearish traders scurrying for cover, putting pressure on the dollar ahead of US inflation data this week. The yen…
Read MoreGE to buy Consolidated Precision Products for US$11.75 billion
Published Tue, Sep 8, 2026 · 08:49 PM [WASHINGTON] GE Aerospace agreed to buy castings manufacturer Consolidated Precision Products from Warburg Pincus and Berkshire Partners for US$11.75 billion, a deal that will significantly expand its production footprint for the critical components. The purchase of closely held CPP will be funded by US$7 billion in cash…
Read MoreGE to buy Consolidated Precision Products for US$11.75 billion
Published Tue, Sep 8, 2026 · 08:49 PM [WASHINGTON] GE Aerospace agreed to buy castings manufacturer Consolidated Precision Products from Warburg Pincus and Berkshire Partners for US$11.75 billion, a deal that will significantly expand its production footprint for the critical components. The purchase of closely held CPP will be funded by US$7 billion in cash…
Read MoreAir India investment funded internally, represents long-term strategic commitment: SIA
The airline says its financial position is ‘one of the strongest’ in the industry [SINGAPORE] Singapore Airlines’ (SIA) investments in India are funded through the airline’s internal resources, and will continue to be so, as a long-term strategic commitment, an SIA spokesperson said on Tuesday (Sep 8). This follows a 20-minute exchange in Parliament between…
Read MoreMapletree Logistics Trust to sell Australian logistics property for US$20.2 million
The sale price is 3.7% above the asset’s latest valuation of A$27 million, or US$19.5 million [SINGAPORE] Mapletree Logistics Trust (MLT) has agreed to sell a vacant logistics property in Derrimut, Victoria, for A$28 million (US$20.2 million), the trust manager said in a bourse filing on Tuesday (Sep 8). The proposed sale of 365 Fitzgerald…
Read MoreSingapore shares fall on Tuesday amid regional slump; STI down 0.4%
Published Tue, Sep 8, 2026 · 06:45 PM [SINGAPORE] Singapore stocks ended lower on Tuesday (Sep 8). The benchmark Straits Times Index (STI) lost 0.4 per cent or 24.83 points to finish at 5,767.45. Yangzijiang Shipbuilding led the gainers on Singapore’s blue-chip index, rising 4 per cent or S$0.20 to S$5.14. The worst performer among…
Read MoreMalaysia’s data centres guzzling more power as temperatures soar
Published Tue, Sep 8, 2026 · 05:31 PM [KUALA LUMPUR] Malaysia’s data centres are consuming more power as temperatures rise, leaving a 9 gigawatt gas-fired capacity gap for the government to fill by 2032, officials said on Tuesday (Sep 8). The share of data centres in overall power consumption surged to a record 9.3 per…
Read MoreChina’s car exports stay strong in August but domestic sales decline more
Passenger vehicle exports jumped 77.5% from a year earlier to 894,000 units in August Published Tue, Sep 8, 2026 · 04:09 PM [BEIJING] China’s car exports stayed robust in August as BYD and other automakers shipped a record number of vehicles overseas, in sharp contrast to a sluggish domestic market where their sales fell for…
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