Posts by Liam Redmond
GM, Toyota report lower quarterly sales in US amid affordability concerns
Published Thu, Apr 2, 2026 · 06:06 AM TOP automakers General Motors and Toyota reported lower first-quarter sales in the US on Wednesday, as economic uncertainty, high borrowing costs and vehicle prices kept buyers on the sidelines. Vehicle sales decreased 5.3 per cent in the three-month period compared with the prior year, according to research…
Read MoreAutomakers plan billions in US investments but seek clear trade rules
Uncertainty about the United States-Mexico-Canada Agreement is delaying investment decisions Published Thu, Apr 2, 2026 · 05:55 AM [NEW YORK] Global automakers plan billions of dollars in new US investments to boost production and avoid President Donald Trump’s tariffs, but they are awaiting clarity on the status of a North American free trade agreement and…
Read MoreOil gains after Trump says Hormuz to open ‘naturally’ after war
Brent crude rises to US$105 a barrel after US President’s national address on Iran war Published Thu, Apr 2, 2026 · 05:49 AM — Updated Thu, Apr 2, 2026 · 10:03 AM Oil reversed losses after US President Donald Trump said the vital Strait of Hormuz chokepoint will “open naturally” when the war is over,…
Read MoreUS stocks: Wall Street ends higher on speculation about end to Iran war
Published Thu, Apr 2, 2026 · 05:40 AM WALL Street ended higher on Wednesday, with strong gains in Alphabet and other heavyweights, after US President Donald Trump suggested an end to the Middle East conflict could be close. The US will be “out of Iran pretty quickly” and could return for “spot hits” if needed,…
Read MoreAF Global expected to delist around Apr 24
[SINGAPORE] Mainboard-listed hospitality company AF Global is expected to delist from the mainboard of the Singapore Exchange on or around Apr 24, based on an indicative timetable. This comes after the court sanctioned the scheme of arrangement on Mar 27 to take the business private. Jewellery retailer Aspial Corporation and JK Global Investment – an…
Read MoreST Engineering bags S$600 million contract to design, supply boat platform systems for Kuwaiti navy
This follows a deal for four vessels for UAE navy also awarded by Abu Dhabi Ship Building [SINGAPORE] ST Engineering’s marine business has secured a six-year subcontract valued at an estimated S$600 million from Abu Dhabi Ship Building (ADSB), a shipbuilder based in the United Arab Emirates. The contract is for the design and supply…
Read MoreChinese chipmakers claim nearly half of local market as Nvidia’s lead shrinks
Beijing pushes domestic chips over foreign tech to cut dependence and bolster local alternatives Published Wed, Apr 1, 2026 · 10:55 PM [BEIJING] Chinese GPU and AI chip makers captured nearly 41 per cent of China’s AI accelerator server market last year, eroding Nvidia’s once-dominant position in one of its most important overseas markets, according…
Read MoreMapletree Investments sells mid-shallow bay logistics portfolio to Dalfen Industrial for US$207.5 million
The portfolio includes 19 warehouse assets across key US distribution markets in Texas, Illinois, Ohio and Indiana [SINGAPORE] Mapletree Investments sold a 1.3 million square foot mid-shallow bay logistics portfolio to Dalfen Industrial for US$207.5 million. The transaction marks the group’s fifth warehouse portfolio divestment in the US. It comes after the completion of nearly…
Read More‘No definitive decision’ made for YZJ Maritime to pursue capital market activities in Hong Kong: CEO
Yangzijiang Shipbuilding also says it has no plans for equity fundraising transactions outside Singapore [SINGAPORE] Ren Yuanlin, the executive chairman and CEO of mainboard-listed Yangzijiang Maritime , clarified on Wednesday (Apr 1) that “no definitive decision” has been made for the company to pursue capital market activities in Hong Kong. Ren was responding to statements…
Read MoreWall St opens higher as Iran war resolution hopes lift sentiment
[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Apr 1), building onto their biggest one-day jump in nearly a year… Source link
Read MoreThailand seeks more LNG from Malaysia, energy officials say
Published Wed, Apr 1, 2026 · 08:39 PM [KUALA LUMPUR] Thailand is actively seeking additional LNG supplies from Malaysia following disruptions caused by the ongoing Middle East conflict, Thai energy government officials said on Wednesday (Apr 1). Thailand would need to diversify some of its LNG supply away from the Middle East, estimated at roughly…
Read MorePetroChina plugs Singapore plant’s shortfall with crude from China storage, trackers say
The tanker New Merit hauls 1.8 million barrels of crude from Dalian to Jurong Island Published Wed, Apr 1, 2026 · 07:33 PM [SINGAPORE] PetroChina has supplied a rare cargo of close to two million barrels of crude oil from storage in China to its half-owned refinery in Singapore, as the firm moves to plug…
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