Posts by Liam Redmond
China’s auto industry is unlikely to return to ‘golden era’, Nio CEO says
A rebound in the domestic market has yet to materialise, despite the sector’s continued export strength Published Thu, May 28, 2026 · 12:21 PM [BEIJING] China’s auto industry has likely moved past its “golden era”, Nio chief executive William Li said on Thursday (May 28), as a downturn in domestic car sales extended into May.…
Read MorePenang chipmakers cheer soaring demand even as gamers feel the pain
A global memory chip shortage has worsened since 2024 as producers pivot to feed the voracious [GEORGE TOWN] When Malaysia hosted the Samsung-backed Counter-Strike 2 Championship in December to find the region’s best e-sports team in the popular video game, organiser Orange Esports bought 20 top-end gaming computers to ensure peak performance. But the last…
Read MoreAI boom fuels record US$14.5 billion in Taiwan tech firm borrowing
The borrowing volume is nearly double the US$7.5 billion the firms raised in the same period last year Published Thu, May 28, 2026 · 11:27 AM [HONG KONG] Taiwanese tech firms have completed a record US$14.5 billion of debt deals so far this year, as they race to secure financing to meet soaring demand for…
Read MoreSouth Korea holds rates, reveals hawkish split within board
Headline inflation is breaching the central bank’s 2% target with the 2.6% April rate marking the fastest gain in almost two year Published Thu, May 28, 2026 · 10:44 AM [SEOUL] The Bank of Korea (BOK) kept its benchmark interest rate unchanged on Thursday (May 28), while a hawkish split within its seven-member board signalled…
Read MoreWilmar shares tumble 10.5% in early trade amid Indonesia probe
It is under investigation for suspected under-invoicing and transfer-pricing practices [SINGAPORE] Shares of Wilmar International fell as much as 10.5 per cent in early trading, down S$0.37 at S$3.15 as at 9 am on Thursday (May 28). By 9.21 am, the counter had recovered to S$3.43, down S$0.09 or 2.6 per cent, after around 4.7…
Read MoreGold declines as Middle East risks reinforce higher rates bets
Published Thu, May 28, 2026 · 08:36 AM [NEW YORK] Gold fell for a second day as concerns that continued conflict in the Middle East will prolong inflation and keep borrowing costs elevated outweighed prospects of a US-Iran peace deal. Bullion traded below US$4,500 an ounce after sliding 1.4 per cent on Tuesday (May 26).…
Read MoreOil settles 5% lower as investors await updates on US-Iran peace deal talks
Both benchmarks have touched their lowest in a month earlier in the session and settled at their lowest since Apr 17 Published Thu, May 28, 2026 · 06:22 AM [LONDON] Oil prices fell 5 per cent to their lowest level in over a month on Wednesday (May 27) as investors awaited updates on a framework…
Read MoreKeppel on track to hit key emissions target ‘well ahead’ of 2050: CEO
But its Scope 3, or value chain-related, emissions has risen with higher gas sales and one-off accounting for an India divestment [SINGAPORE] Asset manager Keppel is on track to achieve a key carbon emissions target “well ahead” of its 2050 deadline, chief executive Loh Chin Hua said in the company’s latest sustainability report released on…
Read MoreEuropean stocks end steady as gains in autos, chemicals offset Iran war uncertainty
Published Thu, May 28, 2026 · 05:39 AM [BENGALURU] European shares ended little changed on Wednesday (May 27), holding near record levels reached before the Iran war began, as gains in automobile and chemical stocks offset lingering concerns over the conflict and its potential impact on energy markets. The pan-European Stoxx 600 index closed up…
Read MoreGlobal clean energy manufacturing supply far exceeds demand
The glut has strengthened renewable power’s appeal as an alternative to fossil fuels Published Wed, May 27, 2026 · 11:45 PM CLEAN energy manufacturers around the world now have double the production capacity needed to meet global renewable energy demand as factory output surges in Asia while the US and Europe lag. Production of the…
Read MoreAmerican Airlines sees resilient demand cushioning fuel-price hit
Published Wed, May 27, 2026 · 10:34 PM [CHICAGO] American Airlines is sticking with its full-year profit outlook despite a sharp jump in fuel prices, CEO Robert Isom said at a Bernstein investor conference on Wednesday (May 27). This comes as stronger revenue, premium demand and corporate travel help cushion the hit from rising oil…
Read MoreWall Street opens higher on AI optimism, Middle East truce hopes
Published Wed, May 27, 2026 · 10:03 PM [NEW YORK] Wall Street’s main indices opened higher on Wednesday (May 27) aided by sustained artificial intelligence-driven momentum, while investors were cautiously optimistic that the US and Iran would reach a deal. The Dow Jones Industrial Average rose 25.5 points or 0.05 per cent at the open…
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