Posts by Liam Redmond
Once Sweden’s top company, H&M’s struggling to sell its rebound story
As international investors have thinned out, the company has become more tightly held, with limited external pressure to force faster change [STOCKHOLM] From a conference room atop Hennes & Mauritz’s (H&M) headquarters in the heart of Stockholm – with its brown-toned wood and clean lines giving the space a distinctly Scandinavian feel – chief executive…
Read MoreTrump floats seizing Iran oil as he weighs Chinese leverage play
[WASHINGTON] As US President Donald Trump muses about seizing control of Iran’s oil sector, one potential upside is looming in his thinking: expanding US global energy dominance to gain trade leverage against China, sources familiar with the matter say. Trump repeatedly discussed the prospect on Monday (Apr 6), casting it as a boon for the…
Read MoreApple’s foldable iPhone encounters engineering snags, faces potential shipment delays: Nikkei Asia
Published Tue, Apr 7, 2026 · 11:40 AM APPLE has been encountering setbacks in the engineering test phase of its first foldable iPhone, which could lead to delays in its mass production and product shipment schedule, Nikkei Asia reported on Monday, citing sources. Reuters could not immediately verify the report. Issues surrounding the engineering development…
Read MoreSpaceX lays out IPO details, targets early June roadshow: sources
Published Tue, Apr 7, 2026 · 09:47 AM [NEW YORK] SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the…
Read MoreThai energy company Banpu plans US$1.5 billion US power investment on data centre boom
The company has one business focusing strictly on coal, and a more general power operation that includes coal, gas and renewable energy Published Tue, Apr 7, 2026 · 09:27 AM [BANGKOK] Thai energy company Banpu plans to invest at least US$1.5 billion in a US expansion to tap surging electricity demand driven by data centres.…
Read MoreKeppel Infrastructure Trust appoints Khor Poh Hwa as new chairman
[SINGAPORE] Keppel Infrastructure Fund Management, the trustee-manager of Keppel Infrastructure Trust (KIT) , announced on Tuesday (Apr 7) that it has appointed Khor Poh Hwa as the new chairman of the board. Khor, 76, will succeed Daniel Ee, 73, who will be retiring after the conclusion of KIT’s annual general meeting on Apr 29, 2026.…
Read MoreSamsung flags eight-fold jump in Q1 profit as AI chip demand drives up prices
Published Tue, Apr 7, 2026 · 07:35 AM [SEOUL] Samsung Electronics on Tuesday projected a record-high first-quarter operating profit from a year earlier, beating expectations as booming demand for artificial intelligence infrastructure caused supply bottlenecks and drove chip prices higher. The world’s largest memory chipmaker estimated an operating profit of 57.2 trillion won (S$48.7 billion)…
Read MoreOil rises in choppy trade; US, Iran rhetoric heats up
Published Tue, Apr 7, 2026 · 05:56 AM [HOUSTON] Oil prices climbed in choppy trade on Monday, as the US and Iran ratcheted up their rhetoric even as the two countries are engaging in indirect talks that could lead to the de-escalation of hostilities. Brent crude futures settled at US$109.77 a barrel, up 74 cents, or 0.68…
Read MoreSaudis raise Asia oil to record premium as war upends market
The conflict is forcing a shift in oil flows as the vital Strait of Hormuz remains largely shut Published Mon, Apr 6, 2026 · 09:57 PM [RIYADH] Saudi Arabia raised the price of its main oil grade to Asia to a record-high premium, as a widening conflict in the Middle East and Iran’s near closure…
Read MoreS&P 500, Nasdaq open higher as investors weigh Mideast resolution hopes
Published Mon, Apr 6, 2026 · 09:43 PM [NEW YORK] The S&P 500 and the Nasdaq opened higher on Monday (Apr 6) after the indexes marked their biggest weekly jump in four months in the last session, while investors assessed prospects of an end to the Middle East conflict. The Dow Jones Industrial Average fell…
Read MoreBlackRock plans challenger to Invesco’s US$374 billion crown jewel
The iShares Nasdaq 100 ETF would follow the technology-heavy index and trade under the ticker IQQ Published Mon, Apr 6, 2026 · 07:55 PM [NEW YORK] BlackRock is setting its sights on a corner of the US$13.7 trillion US exchange-traded fund industry long controlled by Invesco tracking the Nasdaq 100 Index. The iShares Nasdaq 100…
Read MoreNam Cheong bags RM102.5 million in vessel charter contracts
[SINGAPORE] Sarawak-based offshore marine firm Nam Cheong has secured offshore support vessel charter contracts of up to RM102.5 million (S$32.7 million) from regional oil majors. The contracts have a firm period of up to two years, with options for further extension of an additional year, the company said in a bourse filing on Monday (Apr…
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