Posts by Liam Redmond
Saudi Arabia unexpectedly cuts oil prices to Asia
The official selling price to the region is below the average of Oman and Dubai prices Published Mon, Oct 5, 2026 · 10:02 AM [CAIRO] Saudi Arabia unexpectedly cut crude oil prices for Asian buyers for November loadings, while raising official selling prices (OSPs) for north-west Europe and the Mediterranean, and keeping prices unchanged for…
Read MoreSaudi Arabia unexpectedly cuts November oil prices to Asia to 6-year lows
The official selling price to the region is below the average of Oman and Dubai benchmark prices Published Mon, Oct 5, 2026 · 10:02 AM — Updated Mon, Oct 5, 2026 · 11:54 AM [CAIRO] Saudi Arabia unexpectedly cut its crude oil prices for Asian buyers for November loadings to six-year lows, while raising official…
Read MoreSingapore a high-value market for ChatGPT ads, but Indonesia, Vietnam offer scale: analysts
Ads are shown to users on its free tier and Go plan, which costs S$11 a month in the city-state [SINGAPORE] Singapore may offer OpenAI some of South-east Asia’s most valuable users for its nascent advertising business, but larger markets such as Indonesia and Vietnam could ultimately offer greater scale as the ChatGPT maker looks…
Read MoreGold edges higher as markets weigh US jobs data impact on Fed path
The market now prices in a roughly 20% chance of a hike in October, down from 70% a week ago Published Mon, Oct 5, 2026 · 09:23 AM [MELBOURNE] Gold edged up after its biggest weekly drop since June, as traders weighed the impact of a slowdown in the US jobs market and higher bond…
Read MoreSouth-east Asia’s LNG hunger sparks caution over volatile prices, infra gaps
Observers call for faster shift away from ‘roller coaster’ fuel after major supply disruptions [SINGAPORE, BANGKOK] South-east Asia’s demand for liquefied natural gas (LNG) is expanding even in the wake of the US-Iran war, but concerns loom over price volatility and infrastructure gaps, industry players and analysts told The Business Times. Leong Wei Hung, CEO…
Read MoreNasdaq 100’s uptrend intact after rebound above key support
AS AT early October 2026, the Nasdaq 100 strengthened following a strong rebound from its mid-September lows, keeping its broader uptrend intact. The index remains aligned with an ascending trendline drawn from the March 2026 lows through the July 2026 and September 2026 lows. Although Nasdaq 100 futures briefly broke above their all-time highs on…
Read MoreChan Yeng Kit: The ‘serial job hopper’ who’s now SPH Media’s new executive chairman
Group’s ex-CEO wants to ensure continuity and stability; hopes to give up executive roles in next 2 to 3 years [SINGAPORE] Take a look at Chan Yeng Kit’s curriculum vitae, which lists how he spent more than 36 years in the public service with 11 different organisations, and even he knows that many would consider…
Read MoreIs Stoneweg Europe Stapled Trust’s manager-internalisation deal the key to reviving S-Reits?
Some view manager-internalisation as a ‘nuclear option’, but Sert is demonstrating that it is also a constructive growth-oriented strategy [SINGAPORE] When Stoneweg Europe Stapled Trust (Sert) flagged in August that the internalisation of its managers was on the cards, this column warned that the move might alienate minority investors and do little to boost the…
Read MoreCDL’s Lucerne Grand launch moves 61% of 570 units at average S$2,480 psf
Prices at the 99-year Jurong Lakeside project start from S$1.5 million for a two-bedroom unit [SINGAPORE] City Developments Ltd’s (CDL) Jurong condominium project Lucerne Grand sold 61 per cent of its 570 units at its weekend launch, the developer said on Sunday (Oct 4). A total of 350 units were sold as at 6 pm…
Read MoreOpec+ set to keep November oil output targets steady amid Iran war disruptions: sources
Published Sun, Oct 4, 2026 · 04:35 PM [LONDON/MOSCOW] Opec+ is set to keep oil production targets steady for November, three sources close to the matter said ahead of the group’s meeting on Sunday (Oct 4). Gulf Opec+ producers have been pumping well below output targets in the face of continuing export disruptions from the…
Read MoreOpec+ agrees to keep November oil output targets steady
Published Sun, Oct 4, 2026 · 04:35 PM [LONDON/MOSCOW] Opec+ agreed to keep oil-production targets steady for November at a meeting on Sunday (Oct 4), the producer group said, in line with expectations that further output policy adjustments are unlikely until next year. Seven core members of the group comprising the Organization of the Petroleum…
Read MoreUS$5 billion Firmus IPO divides investors after valuation trebles in two months
Published Sun, Oct 4, 2026 · 04:24 PM [SYDNEY] As Australian data centre operator Firmus prepares to launch a US$5 billion initial public offering, the country’s second-largest ever, prospective investors are questioning the firm’s surging valuation, citing an “unproven” track record. Firmus on Thursday (Oct 1) priced its shares at A$11 each, giving the company…
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