Posts by Liam Redmond
Maersk suspends two shipping services due to Middle East crisis
It would halt its FM1 service connecting the Far East to the Middle East and its ME11 service linking the Middle East to Europe Published Fri, Mar 6, 2026 · 04:21 PM [COPENHAGEN] Maersk, one of the world’s biggest container shipping groups,said on Friday (Mar 6) it has temporarily suspended two services linking the Middle…
Read MoreSats says no ‘material interruption’ to Middle East cargo operations amid Iran conflict
The company provides air cargo handling services and operates facilities in Saudi Arabia and Oman [SINGAPORE] Cargo handler Sats said on Friday (Mar 6) that its Middle East operations have “not experienced any material interruption” amid the ongoing conflict in the region. The company, which provides air cargo handling services and operates facilities in Saudi…
Read MoreAster declares force majeure on disruption in supply of raw materials
Published Fri, Mar 6, 2026 · 04:05 PM — Updated Fri, Mar 6, 2026 · 06:53 PM [SINGAPORE] Singapore refiner and petrochemical major Aster Chemicals and Energy has declared force majeure regarding supplies, citing a disruption in raw materials because of the Middle East conflict, a company spokesperson said on Friday (Mar 6). The joint…
Read MorePfizer secures China nod for obesity drug as generics loom
Published Fri, Mar 6, 2026 · 03:45 PM [BEIJING] China has approved a new obesity treatment from Pfizer, heightening competition in a market poised to become even more crowded with the looming entry of generics. The drug, ecnoglutide, is approved for chronic weight management in overweight or obese adults, Pfizer announced on Friday (Mar 6)…
Read MoreSoftBank seeks record loan of up to US$40 billion for OpenAI stake
Published Fri, Mar 6, 2026 · 01:03 PM SOFTBANK Group is seeking a loan of as much as US$40 billion to mostly help finance its investment in US tech giant OpenAI, according to people familiar with the matter, in what would be its largest-ever borrowing denominated solely in dollars. The bridge loan would have a…
Read More‘The best risk-return wins’: Partners Group eyes Asia private wealth growth amid private credit jitters
The firm, which has ramped up its Asia team, will engage more distribution partners and launch new products to woo investors [SINGAPORE] In a polarised geopolitical environment, neutrality can be an advantage for global investors, the president of private-markets firm Partners Group Juri Jenkner said. In his firm, every investment must pass through a global…
Read MoreGulf carriers resume limited flights, but missile fire fuels uncertainty
Published Fri, Mar 6, 2026 · 11:48 AM [HONG KONG] Emirates and Etihad Airways were resuming limited flight schedules to key global cities from their United Arab Emirates hubs on Friday, though the ongoing threat of missile fire piled pressure on airlines as they scramble to accommodate travellers. With most airspace in the Middle East…
Read MoreMapletree acquires second Netherlands logistics facility
[SINGAPORE] Mapletree Investments has expanded its European logistics footprint with the acquisition of Park 15, a 30,817 square metre (sq m) development in the Netherlands, the group announced on Friday (Mar 6). The facility is located in Oosterhout, within the Arnhem-Nijmegen metropolitan area. This marks the group’s second Dutch logistics acquisition, following the purchase of…
Read MoreMAS weighs changes to corporate governance code for boards’ roles, will monitor ‘Value Unlock’ programme outcomes
MAS will examine how the principles of the code could be supplemented with practical guidance on value creation [SINGAPORE] The Monetary Authority of Singapore (MAS) will closely track the progress and outcomes of the “Value Unlock” programme and gather feedback as it seeks to establish broader industry norms for value-creation practices, said its managing director…
Read MoreGold steadies as firmer dollar offsets Middle East risk premium
Published Fri, Mar 6, 2026 · 09:37 AM GOLD steadied after losing more than 1 per cent in the previous session, pressured by a stronger US dollar as the war in the Middle East showed no signs of abating. Bullion was near US$5,090 an ounce in early trading, while a gauge of the US currency rose…
Read MoreCSE Global shares jump on strategic review news
Review includes ‘possible transactions involving the company’s shares and/or all or part of the company’s business and assets’ [SINGAPORE] Shares of CSE Global jumped on Friday (Mar 6) on the previous day’s news of a “strategic review”, which could include a full sale of the company. The counter was up as much as 12.7 per…
Read MoreFederal Reserve’s Goolsbee touts importance of central bank independence
Published Fri, Mar 6, 2026 · 09:00 AM [NEW YORK] Federal Reserve Bank of Chicago President Austan Goolsbee said on Thursday that central bank independence is very important for controlling inflation. Monetary policy independence is something we have learned is “critically important” for keeping inflation under control, Goolsbee said while receiving an award from the…
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