Posts by Liam Redmond
Singtel 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…
Read MoreVietnamese EV maker VinFast’s move to shift US$7 billion in debt raises ‘red flags’
With the manufacturing unit off its books, the company will become largely debt-free, Vingroup says Published Thu, May 21, 2026 · 01:37 PM [HANOI] Over the last decade, Vietnamese electric vehicle maker VinFast Auto has burned through billions of US dollars on an aggressive expansion. Now, a plan to sell its two main factories and…
Read MoreIran war spurs extreme bear scenarios for Asia currencies, bonds
The region is reeling from a more than 40% surge in crude prices since the war broke out in late February Published Thu, May 21, 2026 · 01:03 PM [MUMBAI] The Iran war is piling pressure on emerging Asian markets, pushing some currencies and bond yields towards levels once considered unlikely. As the conflict drags…
Read MoreNvidia tells sceptical investors that AI is ready to go mainstream
Shareholders were not swayed by an expansion of investor rewards, including a massive increase to the company’s dividend Published Thu, May 21, 2026 · 12:33 PM NVIDIA, facing more investor scepticism, used its latest quarterly report to tout progress in diversifying the company, which aims to rely less on the giant data centre operators that…
Read MoreAirbnb pushes beyond stays with luggage storage, car rentals, hotels
Published Thu, May 21, 2026 · 11:39 AM [NEW YORK] Airbnb will let guests arrange luggage storage, airport pickups and car and equipment rentals, its latest effort to expand beyond short-term rentals. During its annual product event on Wednesday (May 20), the company announced a partnership with luggage storage platform Bounce, which works with retail…
Read MoreCitadel Securities hires more than 60 across Asia, including Singapore
The firm will focus on hiring researchers, engineers and traders by tapping into the talent pool in Hong Kong Published Thu, May 21, 2026 · 11:04 AM [HONG KONG] Citadel Securities hired more than 60 people across six markets in Asia this year, with nearly half in Hong Kong, as Ken Griffin bolsters the market…
Read MoreUS Fed minutes show more policymakers open to a rate hike
The central bank policymakers see rising inflation risks, with rate hike possible Published Thu, May 21, 2026 · 10:14 AM [WASHINGTON] US Federal Reserve officials’ concerns about inflation being stoked by the Iran war intensified last month, with a growing number open to the possibility that they may need to raise interest rates, in a…
Read MoreGlobal funds pile back into Chinese stocks in April
The inflows come amid a broader tech rally, as investors focused on AI-driven productivity gains Published Thu, May 21, 2026 · 10:06 AM [HONG KONG] Foreign investors returned to Chinese stocks in April, signalling renewed appetite for the market after an initial sell-off driven by the Iran war. Estimated net inflows into mainland equities hit…
Read MoreDeep under China’s coal basins, PetroChina is unlocking gas from rocks
The push to develop coal rock gas is part of Beijing’s widening effort to diversify its energy mix and reduce reliance on imports [SINGAPORE] Thousands of metres below its vast coal basins, China is tapping an unconventional fuel source in a multibillion-dollar effort to unleash new supplies of natural gas and further Beijing’s goal for…
Read MoreGold steadies as hopes of US-Iran truce ease rate-hike bets
Published Thu, May 21, 2026 · 09:22 AM [SINGAPORE] Gold was little changed as optimism over efforts to end the Middle East conflict eased bets on interest-rate hikes. Bullion was near US$4,540 an ounce in early trading, after gaining 1.4 per cent in the previous session. US President Donald Trump said the US is in…
Read MoreSpaceX filing reveals US$4.28 billion loss, Elon Musk’s tight grip
The company chose Nasdaq to make its debut under the symbol SPCX, according to a filing on Wednesday with the US SEC [WASHINGTON] SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses and the super-voting share plan allowing Elon Musk to keep the rocket, satellite and artificial…
Read MoreElon Musk’s tight grip, heavy losses: What SpaceX’s potentially largest-ever IPO filing reveals
The company chose Nasdaq to make its debut under the symbol SPCX, according to a filing on May 20 with the US SEC [WASHINGTON] SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses and the super-voting share plan allowing Elon Musk to keep the rocket, satellite and…
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