Posts by Liam Redmond
Singamas says company, Teo Siong Seng have not been served with any legal process by DOJ
PIL declines comment on its unit Singamas’ legal matters; Singamas shares fall 13.6% on news of alleged price collusion [SINGAPORE] Singapore shipping veteran Teo Siong Seng has been accused by the United States Department of Justice (DOJ) of conspiring with representatives of some of the world’s major container makers to fix the prices of containers,…
Read MoreMicrosoft and EY to spend US$1 billion to help clients adopt AI
Published Thu, May 21, 2026 · 10:54 PM TECHNOLOGY giant Microsoft and consulting firm EY are partnering to spend more than US$1 billion to encourage their clients to launch major artificial intelligence projects. The initiative is designed to help companies grow AI projects from the pilot stage into large-scale efforts, EY global vice-chair of Consulting…
Read MoreWall St opens lower as oil jumps on renewed Mideast concerns
Published Thu, May 21, 2026 · 09:45 PM [NEW YORK] Wall Street’s main indexes opened lower on Thursday (May 21) as oil prices surged following a Reuters report that Iran’s Supreme Leader Ayatollah Mojtaba Khamenei ordered the country’s near-weapons-grade uranium not be sent abroad, dimming hopes for progress in talks between Washington and Teheran. The…
Read MoreParis appeals court finds Airbus, Air France guilty of corporate manslaughter over 2009 crash
Published Thu, May 21, 2026 · 09:34 PM [PARIS] A Paris appeals court on Thursday found Airbus and Air France guilty of corporate manslaughter over the 2009 Rio-Paris plane crash that killed 228 passengers and crew in France’s worst air disaster. The verdict is the latest milestone in a legal marathon involving two of France’s most emblematic…
Read MoreSri Trang Gloves Q1 profit falls 9.5% to 384.1 million baht
Revenue is down 16.2% at 5.49 billion baht, from 6.55 billion baht a year earlier [SINGAPORE] Sri Trang Gloves posted a 9.5 per cent decline in net profit for its first quarter ended Mar 31, to 384.1 million baht (S$15.1 million) from 424.2 million baht a year earlier. This came as lower revenue and margins…
Read MoreNio Q1 net loss narrows to 332.1 million yuan as revenue doubles
The EV maker’s loss per share of 0.2 yuan compares with 0.29 yuan a year earlier [SINGAPORE] Chinese electric vehicle maker Nio posted a net loss of 332.1 million yuan (S$62.5 million) for its first quarter ended Mar 31, narrowing from a net loss of 6.75 billion yuan a year earlier. Nio is listed in…
Read MoreOil hits session high on report Iran wants to keep its uranium
The Strait of Hormuz closure was the market’s most severe supply disruption on record Published Thu, May 21, 2026 · 08:11 PM OIL gained after a report that Iran’s Supreme Leader issued a directive to keep near-weapons-grade uranium domestically, a key sticking point in peace negotiatitons with the US. Brent traded near US$107 a barrel,…
Read MoreAims Apac Reit secures sustainability-linked loan facilities of S$450 million, A$160 million
It has also clinched a A$115 million syndicated loan with a green tranche of A$50 million [SINGAPORE] The manager of Aims Apac Real Estate Investment Trust (AA Reit) on Thursday (May 21) said that it has entered into a second unsecured sustainability-linked loan. This comprises S$450 million and A$160 million (S$146 million) in revolving credit…
Read MoreExecutive assistants making US$100,000 a year are losing jobs to AI
EXECUTIVE assistants at professional-services firms manage partners’ diaries, handle expenses and book travel in one of the few remaining white-collar roles that doesn’t require elite credentials. They can earn more than US$100,000 a year for their trouble, with incentives and bonuses for the highest-ranking. That career path is disappearing as firms like PwC and McKinsey…
Read MoreManus weighs raising US$1 billion to unwind Meta takeover
Published Thu, May 21, 2026 · 07:08 PM [BEIJING] The co-founders of Manus are exploring options to fulfill Beijing’s demand to unwind a controversial takeover by Meta Platforms , including raising about US$1 billion from external investors to buy back the Chinese-founded AI operation. Manus’s three founders – Xiao Hong, Ji Yichao and Zhang Tao…
Read MoreSingapore stocks end higher amid mixed regional showing; STI up 0.02%
Venture Corporation leads the gainers on the blue-chip index, rising 2.5% to S$17.65 [SINGAPORE] Singapore stocks ended higher on Thursday (May 21). The benchmark Straits Times Index (STI) gained 0.02 per cent or 0.80 points to finish at 5,045.71. Venture Corporation led the gainers on Singapore’s blue-chip index, rising 2.5 per cent or S$0.43 to…
Read MoreSingapore stocks end flattish amid mixed regional showing; STI up 0.02%
[SINGAPORE] Singapore stocks were flattish on Thursday (May 21) amid a mixed performance in regional markets. The benchmark Straits Times Index (STI) gained 0.02 per cent or 0.8 point to finish at 5,045.71. Venture Corporation led the gainers on Singapore’s blue-chip index, rising 2.5 per cent or S$0.43 to end at S$17.65. The worst performer…
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