Posts by Liam Redmond
FedEx, UPS shares sink on ‘watershed’ Amazon logistics move
The news is a ‘shot across the bow’ to the entire transport market, according to analyst Published Tue, May 5, 2026 · 09:53 AM [NEW YORK] US transportation stocks plunged on Monday (May 4) after Amazon.com announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies,…
Read MoreOpenAI co-founder discloses nearly US$30 billion stake, financial ties to Sam Altman
The startup has raised well over US$100 billion from investors to hire researchers, buy computing power and expand the company Published Tue, May 5, 2026 · 08:40 AM [OAKLAND, California] OpenAI’s co-founder and president, Greg Brockman, on Monday (May 4) disclosed deeper financial ties to CEO Sam Altman than previously known, as well as a…
Read MoreFrasers Logistics & Commercial Trust H1 DPU drops 1.7% to S$0.0295
[SINGAPORE] Frasers Logistics & Commercial Trust (FLCT) reported a 1.7 per cent drop in its distribution per unit (DPU) to S$0.0295 for its first half ended Mar 31, 2026, from S$0.03 the year before. Distributable income for the period declined 1 per cent year on year to S$111.9 million from S$113 million. The decline in…
Read MoreGE Vernova is riding geopolitics and AI for a spectacular surge
[SINGAPORE] Consider this: In November 2021, when General Electric chief executive Larry Culp announced he was splitting America’s best-known engineering firm into three – GE Aerospace, GE Healthcare Technologies and GE Vernova – the combined entity had a market valuation of about US$119 billion. Today, GE Vernova alone has a valuation of about US$285 billion,…
Read MoreOil prices jump 6% as Iran sets UAE oil port ablaze, strikes vessels in Strait of Hormuz
Published Tue, May 5, 2026 · 05:57 AM [NEW YORK] Oil prices jumped about 6 per cent on Monday (May 4) as Iran stepped up attacks on the United Arab Emirates and ships in the Middle East Gulf over the past 24 hours, the most serious escalation since a US-Iran ceasefire came into force in…
Read MoreUS stocks: S&P 500, Dow tick lower as Middle East tensions unsettle investors
Published Mon, May 4, 2026 · 11:00 PM THE benchmark S&P 500 and the blue-chip Dow edged down on Monday (May 4) as investors weighed heightened anxiety over the Middle East conflict against the optimism from last week’s earnings. Conflicting reports about a US warship near the Strait of Hormuz dampened market sentiment in a…
Read MoreKeppel Infrastructure Trust to acquire another 39% stake in Jurong Island power plant for S$128.1 million
KIT’s trustee manager says the proposed acquisition will generate stable and predictable cash flows [SINGAPORE] Keppel Infrastructure Trust (KIT) announced on Monday (May 4) that it will acquire an additional 39 per cent stake in the Keppel Merlimau Cogen (KMC) plant on Jurong Island for up to S$128.1 million. The transaction will increase KIT’s aggregate…
Read MoreThe Singapore equities market is buzzing. Market players are hoping it can last
There are more enquiries on local equities, as well as a growing calendar of investment events [SINGAPORE] It is a Monday night, but the event space for an investment seminar by the Republic’s oldest stockbroking firm, Lim & Tan Securities (LTS), is packed to the brim. About 180 people are mingling, and there’s a palpable…
Read MoreOil pares gains after US says two vessels crossed Strait of Hormuz
Published Mon, May 4, 2026 · 10:05 PM [LONDON] Oil prices pared earlier gains on Monday after the US military said two US Navy guided-missile destroyers had entered the Gulf to break an Iranian blockade and that two US ships had transited the Strait of Hormuz. Iran earlier said it had prevented a US warship…
Read MoreECB rate hike in June is ‘all but inevitable,’ Kazimir says
Published Mon, May 4, 2026 · 09:18 PM IT’S highly likely that the European Central Bank will have to raise interest rates at its next meeting in June, Governing Council member Peter Kazimir said. While officials aren’t pre-committed to any fixed path and more data are needed to assess the fallout from the Iran war,…
Read MoreOCBC to acquire HSBC Indonesia’s wealth, retail business, adding S$6.6 billion in AUM
This move follows OCBC’s 2024 purchase of Bank Commonwealth Indonesia and deepens its push into the country’s wealth segment [SINGAPORE] OCBC has agreed to acquire the assets and liabilities of HSBC’s retail and wealth management operations in Indonesia through its subsidiary, Bank OCBC NISP Tbk, the lender said in an announcement late on Monday (May…
Read MoreAsean’s biodiesel push fuels palm oil rally, but will SGX-listed players gain?
Higher crude palm oil prices support upstream plantation earnings, but could be a double-edged sword for integrated operators: analysts [SINGAPORE] A crude oil supply shortfall from the prolonged closure of the Strait of Hormuz has accelerated biodiesel mandates in South-east Asia, driving up crude palm oil (CPO) prices and lifting Singapore Exchange-listed plantation stocks. Biodiesel…
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