Posts by Liam Redmond
Oil prices gain as traders doubt prospects of ceasefire in Iran war
Published Sat, Mar 28, 2026 · 12:04 PM [NEW YORK] Oil prices rose on Friday (Mar 27) and notched weekly gains, reflecting scepticism about prospects for a ceasefire in the month-old Iran war. Brent crude futures rose by US$4.56, or 4.2 per cent, to US$112.57 a barrel. US West Texas Intermediate (WTI) futures rose US$5.16,…
Read MoreUS: Stocks tumble, Dow confirms correction territory, as Middle East tensions drag
Published Sat, Mar 28, 2026 · 11:53 AM [BENGALURU] US stocks tumbled on Friday (Mar 27), with each of the three major US indices closing at their lowest levels in over seven months and the Dow confirming it was in correction territory as the month-long Middle East war continued to suppress risk appetite. Markets took…
Read MoreBYD posts first annual profit decline in four years
Published Fri, Mar 27, 2026 · 10:25 PM [BEIJING] BYD, China’s biggest electric vehicle maker by sales, on Friday (Mar 27) posted its first annual profit drop in four years, hit by weak sales in its home market. Net profit slid 19 per cent to 32.6 billion yuan (S$6.1 billion), the automaker said in a…
Read MoreWall St opens lower as Iran strike delays offer limited calm
Published Fri, Mar 27, 2026 · 09:49 PM [NEW YORK] Wall Street’s main indexes opened lower on Friday (Mar 27) as the month-long Middle East conflict dragged on, weighing on sentiment despite the United States pushing back another deadline to strike Iran’s energy infrastructure. The Dow Jones Industrial Average fell 55.9 points, or 0.12 per…
Read MoreFullerton Fund Management, 65 Equity Partners to manage second Anchor Fund tranche
This follows the first launch of S$1.5 billion in 2022 to attract high-quality listings to Singapore [SINGAPORE] A statement from the Ministry of Trade and Industry (MTI) and Temasek on Friday (Mar 27) said Fullerton Fund Management and 65 Equity Partners have been appointed as fund managers for the second Anchor Fund tranche of S$1.5…
Read MoreSoftBank secures US$40 billion loan to boost OpenAI investments
Published Fri, Mar 27, 2026 · 07:36 PM [TOKYO] SoftBank Group said on Friday (Mar 27) it has secured a US$40 billion bridge loan to bolster investments in ChatGPT-maker OpenAI and for general corporate purposes, marking another significant step in its artificial intelligence strategy. The Japanese investment conglomerate, led by founder Masayoshi Son, continues to…
Read MoreSembcorp chairman Tow Heng Tan to retire; Andreas Sohmen-Pao to succeed him from Jun 1
Yap Chee Keong will also step down as director and chairman of the audit committee on Apr 29, with Steven Phan taking over thereafter [SINGAPORE] Sembcorp Industries chairman and director Tow Heng Tan will retire on Jun 1, the company said in a bourse filing on Friday (Mar 27). He has served for three years…
Read MoreJardine Cycle & Carriage appoints Freddy Lee as CEO from May 1
Lee will vacate his current role as the company’s finance director but continue to serve as executive director [SINGAPORE] Jardine Cycle & Carriage has appointed Freddy Lee as its new chief executive officer, effective from May 1. He will succeed group managing director Ben Birks, 52, who will step down from his role at the…
Read MoreChina’s big banks post flat 2025 profit on margin squeeze
The lenders continue to suffer deteriorating lending margins and rising loan impairments Published Fri, Mar 27, 2026 · 06:39 PM [BEIJING] China’s largest state-owned lenders reported flat earnings for 2025, as the industry grapples with government mandates to support a cooling economy and a protracted squeeze on profit margins. Industrial & Commercial Bank of China,…
Read MoreWith ‘no place to hide’ traders spend sleepless nights as Iran war roils markets
[SINGAPORE/SHANGHAI/NEW YORK] For Wang Yapei, it is all about sleeping well at night. The Shanghai-based fund manager has cut positions aggressively in the face of a steep sell-off that has torn through global markets as the war in the Middle East rages on. “I don’t like rollercoaster rides … the opening was ugly, so I…
Read MoreSingapore stocks rebound on Friday, STI up 0.2%
[SINGAPORE] Singapore stocks ended higher on Friday (Mar 27) as regional indices were mixed. The benchmark Straits Times Index (STI) gained 0.2 per cent or 10.42 points to finish at 4,898.18. Meanwhile, the iEdge Singapore Next 50 Index lost 0.7 per cent or 10.72 points to 1,448.97. Within the iEdge Singapore Next 50 Index, UOB…
Read MoreLow Tuck Kwong sues Peter Kwee for A$9.6 million over alleged material defects
This pertains to a S$32.2 million agreement to buy out Kwee’s shares in three companies that own properties [SINGAPORE] Indonesian coal mining billionaire Low Tuck Kwong and his company are suing motoring tycoon Peter Kwee and another individual for A$9.6 million (S$8.5 million) over alleged material defects, after buying out their shares in a group…
Read More