Posts by Liam Redmond
Singapore stocks fall, bucking regional trend; STI down 0.3%
Across the broader market, gainers outnumber losers 397 to 219 after 2.1 billion securities change hands [SINGAPORE] Stocks on the local bourse closed lower on Thursday (Apr 16), despite a positive regional performance and growing optimism that the US and Iran will extend their ceasefire to continue negotiations. The benchmark Straits Times Index (STI) lost…
Read MoreIHH rolls out AI across Mount Elizabeth as S$350 million upgrade delivers on savings, efficiency gains
AI-driven overhaul reduces workload and trims resource use, with savings set to benefit patients [SINGAPORE] IHH Healthcare is ramping up its use of artificial intelligence across operations and clinical care at Mount Elizabeth Hospital, as its S$350 million transformation project is seen delivering early gains in cost savings, efficiency and patient outcomes. AI deployment in…
Read MoreThis Long Beach startup says it has a patch for California’s power problems
Many companies in California struggle to get enough electricity to power their growing businesses. One Long Beach startup just raised $26 million for what it says is a quick fix for that problem. There are limits on how much power each company can draw from the public power grid so fast-growing industries can’t just crank…
Read MoreShelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
The lender instead allocates half that amount to a two-year capital return plan Source link
Read MoreBrazilian payments unicorn Ebanx makes South-east Asia push
Investments for this year’s expansion will be financed by the firm’s cash on hand Published Thu, Apr 16, 2026 · 05:15 PM [SAO PAULO] Brazilian cross-border payments company Ebanx said it is expanding global operations, with a focus on South-east Asia, strengthening its footprint outside Latin America. Ebanx, which provides Uber, Shein and other global…
Read MoreMinistry of Home Affairs Permanent Secretary Pang Kin Keong to retire
[SINGAPORE] Ministry of Home Affairs (MHA) Permanent Secretary Pang Kin Keong will be retiring on Jun 1 after 35 years of public service. He served in this position since September 2017. Pang, 59, will be replaced by Tan Chye Hee, who is currently permanent secretary in the Ministry of Digital Development and Information. Tan will…
Read MoreGlobal investors boost US dollar-hedging ratio to two-year high
Published Thu, Apr 16, 2026 · 04:49 PM [LONDON] International investors are boosting their hedges against US dollar declines as the US-Iran ceasefire erodes the haven demand that had bolstered the greenback while the fighting raged on. Global investors’ hedging ratio on the US currency rose to 63 per cent as of Apr 10, the…
Read MoreJapan’s Nikkei closes at record high, wiping out Iran war losses
Published Thu, Apr 16, 2026 · 04:06 PM [TOKYO] Japan’s Nikkei 225 Stock Average ended the day at a new record high, erasing its losses from the Iran war on optimism the new peace talks may hasten the end to the conflict. The blue-chip index rose 2.4 per cent to 59,518.34 as of market close…
Read MoreCATL overtakes PetroChina in market value as green bets ramp up
Published Thu, Apr 16, 2026 · 03:49 PM [HONG KONG] Contemporary Amperex Technology (CATL) has once again overtaken oil giant PetroChina in market value, as investors pile into the battery maker on war-driven optimism over green energy. CATL’s Shenzhen-listed shares climbed as much as 6.7 per cent Thursday (Apr 16) on better-than-expected quarterly profit and…
Read MoreTSMC’s profit surges 58% on AI-driven chip demand
The Taiwanese chipmaker makes the vast majority of the world’s most advanced semiconductors Published Thu, Apr 16, 2026 · 02:15 PM [TAIPEI] Taiwan Semiconductor Manufacturing Company (TSMC) booked a 58 per cent surge in profit, a sign that the Middle East war in its first few weeks did not depress booming artificial intelligence investment. The…
Read MoreMalaysia’s Petronas to supply excess fuel to Australia as leaders vow closer energy ties
The South-east Asia country is widely considered as a global leader in halal processing due to its established certification standards Published Thu, Apr 16, 2026 · 02:02 PM [SYDNEY/KUALA LUMPUR] Malaysia Prime Minister Anwar Ibrahim said on Thursday (Apr 16) that state energy firm Petronas would give priority to providing Australia with its excess fuel…
Read MoreTrump’s quest for more sway over Fed faces fresh hurdles
If the US Senate does not confirm Jerome Powell’s successor by May 15, the Fed chair said he will continue on as “chair pro tempore” Published Thu, Apr 16, 2026 · 01:22 PM AFTER years of criticising the Federal Reserve’s leadership and trying to browbeat policymakers to slash interest rates, President Donald Trump is running…
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