Posts by Liam Redmond
Singapore GasCo has bought enough LNG to last for rest of year
Published Wed, May 20, 2026 · 10:25 AM [SINGAPORE] Singapore has bought enough liquefied natural gas (LNG) to last through the end of the year, as it replaces shipments stuck behind the Strait of Hormuz due to the Iran war. State-owned Singapore GasCo, which was established last year, secured shipments from regions outside the Middle…
Read MoreTrump tells Fed to consider fintech access to payment accounts
Published Wed, May 20, 2026 · 09:33 AM US PRESIDENT Donald Trump signed an executive order on Tuesday (May 19) calling on regulators and the US Federal Reserve to review rules that may be stifling financial innovation, including whether the central bank could expand fintech access to its payment rails, the systems that move money…
Read MoreGlobal bond sell-off threatens turmoil in weakest Asian economies
Published Wed, May 20, 2026 · 07:48 AM [SYDNEY/JAKARTA] Three of Asia’s most vulnerable economies are showing rising strains as their central banks come under pressure to tighten policy even as the economic hit from the Iran-war oil shock deepens. Indonesia, Philippines and India are already grappling with capital outflows and free-falling currencies as Middle…
Read MoreGold holds losses as Iran impasse keeps rate hike bets high
Published Wed, May 20, 2026 · 07:17 AM [SINGAPORE] Gold held a decline as a lack of progress in reopening the Strait of Hormuz continued to fuel concerns over inflation and increase bets that global central banks may hike interest rates. Bullion was trading around US$4,480 an ounce, after falling almost 2 per cent on…
Read MoreOil prices settle down after Vance cites progress in Iran talks
US crude stocks are expected to have fallen by about 3.4 million barrels in the week to May 15 Published Wed, May 20, 2026 · 06:14 AM [HOUSTON] Oil prices settled lower on Tuesday (May 19) after Vice-President JD Vance said the US and Iran had made progress in talks, with neither side wanting to…
Read MoreChina trade corridor a good foundation to do more, as bilateral cooperation not sure ‘win-wins’: SM Lee
He adds trade is now mixed up with security and rivalry considerations, among others, with more effort needed for positive outcomes [NANNING] Amid uncertainties and worries over trade, what used to be win-win initiatives between countries is no longer assumed, and they now need to “work to make it win-win”, said Senior Minister Lee Hsien…
Read MoreSembcorp, Digital Reef announce phase 1 of 280 MW UK data centre
The project is expected to begin construction this year at Wilton, a leading industrial site [SINGAPORE] Sembcorp Energy UK will team up with digital infrastructure specialist Digital Reef to develop the first phase of a new data centre development at the Wilton International industrial site in Teesside, north-east England. Sembcorp said in a press release…
Read MoreS&P 500 and Nasdaq open lower as chip stocks drag, inflation fears persist
Published Tue, May 19, 2026 · 09:44 PM [NEW YORK] The S&P 500 and the Nasdaq opened lower on Tuesday (May 19), pressured by a selloff in heavyweight chip stocks and lingering inflation concerns as Treasury yields continued to rise. The Dow Jones Industrial Average rose 10.4 points, or 0.02 per cent, at the open…
Read MoreGoldman Sachs targets ‘huge opportunity’ despite Iran shock
Published Tue, May 19, 2026 · 09:00 PM GOLDMAN Sachs Group’s international co-heads say the turbulent start to the year has done little to deter clients, underscoring Wall Street’s bullish outlook despite events like the Iran war. “Our clients want us to be on the ground to give them the advice and support they need,”…
Read MoreSingapore stocks end higher amid mixed regional showing; STI up 1.5%
[SINGAPORE] Singapore stocks ended higher on Tuesday (May 19). The benchmark Straits Times Index (STI) gained 1.5 per cent or 75.59 points to finish at 5,072.34. City Developments Ltd (CDL) led the gainers on Singapore’s blue-chip index, rising 4.8 per cent or S$0.38 to end at S$8.22. This came after former director Kwek Leng Peck…
Read MoreFatal SQ321 flight: a timeline
[SINGAPORE] Two years ago, a Singapore Airlines (SIA) flight on its journey home from the UK was struck with sudden turbulence, which sent it plunging over 50 m, leaving dozens injured and one dead. The incident on Flight SQ321 occurred on May 21, 2024, when the aircraft ran into “sudden extreme turbulence” around 10 hours…
Read MoreSQ321 final report: A timeline of the 2024 turbulence incident
The aircraft ran into ‘sudden extreme turbulence’, leaving dozens injured and one dead [SINGAPORE] Two years ago, a Singapore Airlines (SIA) flight on its journey home from the UK was struck with sudden turbulence, which sent it plunging over 50 m, leaving dozens injured and one dead. The incident on Flight SQ321 occurred on May…
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