Posts by Liam Redmond
Oil prices could breach US$100 barrier if supply disruptions persist: analysts
While markets recognise the seriousness of the Iran conflict, it’s a geopolitical shock and not a systemic crisis, they add [LONDON] Oil prices surged by nearly 10 per cent on Monday (Mar 2) as shipping in the Strait or Hormuz was affected following attacks by the US and Israel over the weekend that killed Iran’s…
Read MoreAmazon to invest additional US$21 billion in Spain for data centres and AI
Published Mon, Mar 2, 2026 · 08:35 PM [BARCELONA] Amazon said on Monday (Mar 2) it would invest an additional US$21 billion in Spain to expand its data centres and boost AI innovation, bringing its total investment in the country to 33.7 billion euros (S$50.2 billion). Amazon announced the investment after Spain’s Prime Minister Pedro…
Read MoreUMS buys out aluminium alloy products supplier
The acquisition is not expected to have a material impact on its FY2026 net tangible assets or earnings per share [SINGAPORE] Precision engineering group UMS Integration has bought the remaining 30 per cent stake in Starke Singapore, a privately held aluminium alloy products supplier, for S$8.2 million. Announcing the acquisition, which converted Starke into its…
Read MoreCompliance, risk and private markets roles top banking hiring demand for 2026: Morgan McKinley
This comes amid ongoing regulatory demands and a stricter governance landscape in the financial services sector [SINGAPORE] Banking hiring is set to “stay active but cautious” in 2026, with competition strongest for specialists in financial crime, regulatory reporting, risk and private-markets functions. The increased demand is due to regulatory scrutiny and private-markets growth, as well…
Read MoreTop Glove founder’s son named as joint managing director, to take over the reins on Apr 1
Lim Jin Feng – son of Lim Wee Chai – will assume the role along with Ng Yong Lin [SINGAPORE] Top Glove has named two individuals as joint managing directors to succeed the incumbent Lim Cheong Guan, the Malaysia-based glove maker announced in a regulatory filing to the Singapore Exchange on Monday (Mar 2). Both…
Read MoreIran strikes disrupt thousands of flights; Dubai Airport hit
Published Mon, Mar 2, 2026 · 07:00 PM [DUBAI] Thousands of flights have been disrupted in the wake of the escalating conflict engulfing the Middle East, with Dubai’s main airport – the world’s busiest aviation hub – effectively shut down after it was hit by a suspected aerial strike. There have been more than 2,300…
Read MoreSingapore and Korean firm collaborate on nuclear energy
The parties will conduct joint studies of small modular reactors for potential applications in the city-state [SINGAPORE] The Energy Market Authority (EMA) has signed a memorandum of understanding (MOU) with Korea Hydro & Nuclear Power to collaborate on civil nuclear energy capabilities. EMA said in a media release on Monday (Mar 2) that this is…
Read MoreOlam to guarantee US$100 million loan for Olam Agri until unit is sold
The group is selling its 44.58% stake in Olam Agri to Saudi Agricultural and Livestock Investment Company [SINGAPORE] Agribusiness Olam Group said its food, feed and fibre operating business Olam Agri, has secured a seven-year US$100 million financing facility, which will initially be guaranteed by the Singapore-listed group. Olam said in a regulatory filing on…
Read MoreShip insurers cancel war risk cover due to Iran conflict
Several tanker owners, oil majors and trading houses have since suspended shipments through the narrow waterway Published Mon, Mar 2, 2026 · 02:10 PM [SINGAPORE] Several marine insurers said that they are cancelling war risk cover for ships due to the conflict in Iran and the Gulf. Insurers, including Gard, Skuld, NorthStandard, the London P&I…
Read MoreToku reports higher FY2025 losses driven by IPO costs, sees commercial momentum ahead
[SINGAPORE] Artificial intelligence (AI)-powered customer experience platform Toku reported a 72.7 per cent increase in losses in FY2025 to US$9.1 million from US$5.3 million in the prior year. The company, which listed on the Catalist board on Jan 22, reported a 9.3 per cent rise in FY2025 revenue to US$34.8 million from US$31.8 million in…
Read MoreJack Dorsey’s 4,000 job cuts at block arouse suspicions of AI-washing
The company’s recent history suggests that AI adoption is not the only factor influencing its staffing decisions [NEW YORK] When Block laid off nearly half its staff this week, co-founder Jack Dorsey offered a seemingly simple explanation: artificial intelligence (AI) was allowing the company to do more with fewer employees. The announcement, though, landed at…
Read MoreGeely extends lead over BYD with biggest sales gap since 2022
Published Mon, Mar 2, 2026 · 12:46 PM CHINESE automaker Geely Automobile Holdings sold more vehicles than BYD for a second consecutive month, piling pressure on the latter to beef up its lineup and reignite waning demand for electric vehicles (EVs). In the first two months of this year, Geely delivered about 76,000 units more…
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