Posts by Liam Redmond
Singapore 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…
Read MoreThai watchdog to sue Volvo Cars over EX30 fires as consumers demand refunds
Published Thu, May 21, 2026 · 05:29 PM [BANGKOK] Thailand’s consumer watchdog will file a civil suit against the local unit of Volvo Cars over battery-related fires in its EX30 model, a senior official told Reuters after a meeting between customers and the carmaker failed to reach an agreement. “The Office of Consumer Protection Board…
Read MorePolicy changes, construction demand push commercial vehicle COE premiums to new record
Big infrastructure projects and changing policy keep Category C high, which could disadvantage smaller players [SINGAPORE] Strong demand for commercial vehicles (CVs) spurred by the logistics and construction sectors, as well as changing bidding dynamics on policy shifts, are among the factors that have driven Certificate of Entitlement (COE) premiums to a new record. Timothy…
Read MoreGoldman CEO slides into Elon Musk’s DMs during bid to lead SpaceX IPO
Banks have been battling for months to take the top spot on the highly anticipated IPO Published Thu, May 21, 2026 · 04:20 PM AS GOLDMAN Sachs Group campaigned to lead SpaceX’s IPO, chief executive officer David Solomon opened up a new channel to the rocket company’s billionaire owner, sliding into Elon Musk’s direct messages…
Read MoreBOJ faces calls to pause bond taper as energy shock jolts yields
Published Thu, May 21, 2026 · 04:15 PM — Updated Thu, May 21, 2026 · 05:11 PM SOME Bank of Japan drew some requests to pause its bond taper plan, its survey of investors showed, as recent sharp bond market swings overshadow a review of a quantitative tightening (QT) plan due next month. Though others…
Read MoreJPMorgan will hire more for AI, fewer bankers, CEO Dimon says
The comments highlight a broader industry pivot to automation reshaping the global financial workforce Published Thu, May 21, 2026 · 03:58 PM [SHANGHAI] JPMorgan Chase chief executive officer Jamie Dimon said the Wall Street giant will likely hire more artificial intelligence specialists and fewer traditional bankers as the adoption of the technology accelerates. “I think…
Read MoreAustralian shares jump as weak jobs data tempers RBA rate-hike bets
Published Thu, May 21, 2026 · 03:52 PM AUSTRALIAN equities closed higher on Thursday after weak employment data prompted investors to trim bets on a near-term rate hike, while optimism over a potential US-Iran peace deal added support. The benchmark S&P/ASX 200 index rose 1.5 per cent to 8,621.70 points, logging its best close in…
Read MoreWhy is Singtel seeking an Aussie partner for Optus?
The Singapore group’s wholly owned subsidiary has endured a string of crises in recent years [SINGAPORE] Along with announcing its latest results on Thursday (May 21), Singtel said it is “open” to working with potential Australian partners on Optus, its wholly owned subsidiary. The Business Times looks at why Singtel is considering bringing in a…
Read MoreSome things to know about Teo Siong Seng, the Singapore shipping veteran accused by US of price collusion
[SINGAPORE] The US Department of Justice (DOJ) this week issued a statement accusing four of the world’s largest shipping container manufacturers of colluding to fix the prices of dry containers over four years. The companies – China International Marine Containers, Singamas Container Holdings, Shanghai Universal Logistics Equipment and CXIC Group Containers – are alleged to…
Read MoreCircular AI boom goes global as Asia windfall funds hyperscalers
For much of North Asia, surging chip exports have overwhelmed the drag from higher energy prices stemming from the Iran war Published Thu, May 21, 2026 · 02:21 PM [HONG KONG] The windfall earned by Asian chip makers is coursing through the world economy, mirroring on a global scale the circular flow of money within…
Read MoreSingtel seeks clarity on taking part in telco consolidation; analysts note ‘very high bar’ for approval
Group also mulling Reit IPO to create ‘permanent capital pools’ for longer-term investments; comments come on heels of failed M1-Simba deal [SINGAPORE] Singtel is “seeking clarification” from the regulators on its ability to participate in the consolidation of Singapore’s telecommunications space, in the wake of news that the proposed sale of M1 to Simba Telecom…
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