Posts by Liam Redmond
US again allows more Russian oil sales to help control prices amid Iran war
Published Sat, Apr 18, 2026 · 12:10 PM [LOS ANGELES] The US on Friday (Apr 17) issued a licence letting countries buy more Russian oil that’s already been loaded on tankers, part of the White House’s push to prevent prices from surging. The temporary authorisation, which applies to Russian crude that would otherwise be sanctioned,…
Read MoreBlue Owl co-CEOs’ personal loans no longer backed by firm shares
Published Sat, Apr 18, 2026 · 11:00 AM [LOS ANGELES] Blue Owl Capital co-chief executive officers Doug Ostrover and Marc Lipschultz have revised the terms of personal loans to remove the company’s shares as collateral, after turmoil in the private credit market hammered the stock’s value in recent months. The pair had previously pledged more…
Read MoreAmerican Airlines says it’s not interested in United Merger
Published Sat, Apr 18, 2026 · 10:05 AM [NEW YORK] American Airlines said it’s not engaged with or interested in any discussions regarding a merger with rival United Airlines, dampening the prospect of a tie-up that could reshape the industry. United’s chief executive officer Scott Kirby had floated the possible combination directly to US President…
Read MoreOil and gas plunge on Hormuz opening, hope for end of war
Published Sat, Apr 18, 2026 · 09:10 AM [LONDON] Oil and European natural gas prices tumbled after the promised re-opening of the Strait of Hormuz bolstered sweeping optimism that the US-Iran conflict will reach an end and ease disruptions to global energy markets. Brent futures retreated 9.1 per cent to settle near US$90 a barrel,…
Read MoreStoxx 600 jumps more than 1% after Iran declares Strait of Hormuz open
Published Sat, Apr 18, 2026 · 08:49 AM [BENGALURU] The Stoxx 600 jumped more than 1 per cent and notched its fourth straight weekly gain on Friday (Apr 17), after Iran announced that the Strait of Hormuz, a conduit for a fifth of the world’s energy shipments, was now open. The vital waterway can be…
Read MoreAI-Reit trustee disputes resolution to access records related to internalisation
If passed, the trustee will consider all available options, including applying to the Singapore Court for directions [SINGAPORE] The trustee of Alpha Integrated Real Estate Investment Trust (AI-Reit) has disputed a proposed resolution seeking access to records related to the trust’s internalisation process, warning it may seek court directions if the motion is passed. HSBC…
Read MoreClar preferential offering closes with 74.5% valid acceptances; total applications at 244.2%
[SINGAPORE] CapitaLand Ascendas Real Estate Investment Trust (Reit) has received valid acceptances of 74.5 per cent at the close of its preferential offering announced in March. In a bourse filing on Friday (Apr 17), the manager of the Reit said it received valid acceptances for 96.1 million units, out of the 129.1 million units on…
Read MoreWall St climbs at open after Iran says Strait of Hormuz open
Published Fri, Apr 17, 2026 · 09:44 PM [NEW YORK] Wall Street’s main indexes opened higher on Friday (Apr 17) after Iranian Foreign Minister Abbas Araqchi said the Strait of Hormuz was open following a ceasefire accord agreed in Lebanon. The Dow Jones Industrial Average rose 210.1 points, or 0.43 per cent, to 48,788.81 at…
Read MoreWall Street indices hit record highs as oil falls with Strait of Hormuz declared open
Published Fri, Apr 17, 2026 · 09:44 PM — Updated Sat, Apr 18, 2026 · 08:13 AM [NEW YORK] The benchmark S&P 500 and the tech-heavy Nasdaq each rallied to their third record close in a row on Friday (Apr 17), while the blue-chip Dow marked its highest finish since late February, as investors cheered…
Read MoreUS stocks hit record high, oil plunges after Strait of Hormuz declared open
Published Fri, Apr 17, 2026 · 09:44 PM — Updated Sat, Apr 18, 2026 · 08:25 AM [NEW YORK] The benchmark S&P 500 and the tech-heavy Nasdaq each rallied to their third record close in a row on Friday (Apr 17), while the blue-chip Dow marked its highest finish since late February, as investors cheered…
Read MoreWilmar sees limited impact from Middle East conflict, cites indirect cost pressures
It says the ‘certain indirect impact’ takes the forms of higher freight, insurance and fertiliser costs [SINGAPORE] Wilmar International foresees “certain indirect impact” on its operations from the ongoing Middle East conflict, but believes its current structure is sufficient to manage the situation. The group’s exposure to the Middle East is not significant, with contributions…
Read MoreCDL Hospitality Trusts flag negative impact from Middle East conflict
[SINGAPORE] CDL Hospitality Trusts (CDLHT) disclosed on Friday (Apr 17) that the ongoing conflict in the Middle East has “resulted in a negative impact on the portfolio’s overall performance”, although the management maintained that the impact has not been material to date. In a series of responses to questions from security holders released ahead of…
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