Posts by Liam Redmond
Oil and gas slump after report US and Iran near deal to end war
Published Wed, May 6, 2026 · 07:00 PM OIL and gas slumped for a second day after Axios reported that the US believes it’s close to an agreement with Iran to end the near 10-week war. Benchmark Brent fell as much as 8.3 per cent to US$100.72 a barrel in London, while West Texas Intermediate…
Read MoreSingapore Airlines extends cancellation of Dubai flights until Aug 2
[SINGAPORE] A Facebook post by national carrier Singapore Airlines on Wednesday (May 6) noted that the airline has cancelled its Dubai flights to and from Singapore until Aug 2, due to the “geopolitical situation” in the Middle East. The affected flights are: SQ494 departing Singapore for Dubai SQ495 departing Dubai for Singapore The move comes…
Read MoreAre Keppel’s dividends truly unsustainable – or just misunderstood?
The company’s shares have rallied over the past year, generating a total shareholder return of 58.5% in 2025 [SINGAPORE] The recent clash between Keppel and activist research firm Corporate Monitor highlights a vital question for investors: Are the dividends from the restructured Keppel truly sustainable? The activist report pulled no punches. It argued that Keppel’s…
Read MoreBMW’s Q1 profit down 25% as China, tariffs weigh
But at 2.3 billion euros, the figure is slightly above analysts’ forecast of 2.2 billion euros Published Wed, May 6, 2026 · 04:31 PM [BERLIN] German premium carmaker BMW reported a sharp drop in first-quarter earnings, as intense competition in China and tariff pressures weighed on its performance – although it maintained its 2026 outlook…
Read MoreEuropean shares advance on Middle East peace deal optimism; earnings on watch
Published Wed, May 6, 2026 · 03:51 PM European shares rose on Wednesday, with oil prices dropping and investor optimism rising after US President Donald Trump cited “great progress” toward a comprehensive peace agreement with Iran. The pan-European Stoxx 600 advanced 1 per cent to 615.62 points, as of 0703 GMT, marking a second day…
Read MoreCash piles hit record highs, but fixed income offers higher yields: BlackRock
Bonds are not ‘too much risk’ while still yielding 6-8%, says the money manager [SINGAPORE] Cash has reached historic highs globally as money market balances hit almost US$12 trillion by end-2025, but BlackRock warns that there is an opportunity cost to keeping too much liquidity. The one-year average returns for money market funds sit at…
Read MoreEmbrace AI or get left behind: Job cuts sweep through crypto firms
Published Wed, May 6, 2026 · 01:58 PM [LONDON/PORTLAND] A spate of AI-tinged job cuts at crypto and payments companies has brought up a curious question for analysts and investors: how does one assess whether the artificial intelligence part is real? The debate started in February after Block, the owner of Square and Cash App,…
Read MoreStrategy’s Michael Saylor signals potential shift to Bitcoin sales
The company has floated the idea that it may at some point have to liquidate some of its hoard to meet its dividend commitments Published Wed, May 6, 2026 · 01:37 PM [KUALA LUMPUR] Strategy is chipping away at the notion that it would never sell any of its Bitcoin holdings, after building up a…
Read MoreBlue Owl data centre operator Stack considers US$30 billion sale of Asia operations: sources
The firm has been speaking with prospective advisers about a partial or full sale of the assets in Australia, Japan and Malaysia Published Wed, May 6, 2026 · 11:42 AM [SINGAPORE] Stack Infrastructure, a data centre company owned by Blue Owl Capital, is considering options including a sale of its Asia operations, according to people…
Read MoreIndonesia tightens rule on FX purchases after rupiah hit new record low
Published Wed, May 6, 2026 · 11:06 AM [JAKARTA] Indonesia further tightened rules on US dollar purchases to support the beleaguered rupiah after the currency slumped to a series of record lows. Cash purchases of foreign currency without supporting documents will be cut to US$25,000 from US$50,000, to aid the rupiah, Bank Indonesia (BI) governor…
Read MoreAsia markets hit records on AI euphoria, Iran peace hopes
Published Wed, May 6, 2026 · 10:40 AM [SINGAPORE] Stocks leapt, oil prices sank and the US dollar dropped in the Asian morning on Wednesday (May 6) after US President Donald Trump touted “great progress” towards a “final agreement” with Teheran, while momentum in AI-driven trades accelerated. Trump said that he would briefly pause an…
Read MoreTech counters Venture, CSE Global up over 7% after strong Q1 updates
Venture shares reach as high as S$17.84, while CSE shares are up as high as S$1.46 [SINGAPORE] Shares of technology companies Venture Corporation and CSE Global climbed strongly on Wednesday (May 6) after positive first quarter updates the previous evening. Shares of high-tech manufacturing and research and development player Venture rose as much as 8.3…
Read More