Posts by Liam Redmond
Zoox robotaxis to roam in more San Francisco neighborhoods and cover new cities
The Bay Area-based robotaxi company Zoox is trying to get ahead of the competition with a significant expansion in San Francisco and Las Vegas and plans to launch in Austin, Texas, and Miami. Zoox will quadruple its service area in San Francisco starting this spring, expanding rides to the eastern half of the city, including…
Read MoreMiddle East funds ride China AI euphoria to world-beating IPO gains
Published Tue, Mar 24, 2026 · 08:42 PM [HONG KONG] Middle Eastern funds have racked up outsize gains from bets on newly-listed Chinese artificial intelligence companies, bucking a broader sell-off in equity markets caused by the ongoing conflict in the Gulf. Abu Dhabi Investment Authority’s (Adia) US$65 million cornerstone investment in MiniMax Group has risen…
Read MoreGrab shareholders agree to double voting power of Class B ‘super-voting’ shares
CEO Anthony Tan’s voting power will be lifted to as much as 74.9% – up from 59.1% as at Jan 31 [SINGAPORE] Shareholders of ride-hailing and delivery player Grab have voted in favour of a proposal to double the voting power of each Class B share to 90 votes, from 45 votes previously. Some 85.9…
Read MoreChina’s Xiaomi posts first quarterly profit decline in three years
Published Tue, Mar 24, 2026 · 06:44 PM [BEIJING] Xiaomi Corp’s quarterly profit fell for the first time in three years at the end of last year as the Chinese smartphone and electric vehicle giant navigated rising costs and intensifying competition. Adjusted net profit for the quarter to December 31 fell to 6.3 billion yuan…
Read MoreSingapore stocks rebounds on Tuesday; STI up 0.4%
Across the broader market, gainers beat losers 400 to 181, after 1.6 billion securities change hands [SINGAPORE] Singapore stocks ended higher on Tuesday (Mar 24), amid mixed results from regional peers. The benchmark Straits Times Index (STI) gained 0.4 per cent or 21.13 points to finish at 4,862.43. Meanwhile, the iEdge Singapore Next 50 Index…
Read MoreSIA to launch flights from new, curfew-free Western Sydney airport on Nov 23
The 24-hour hub will allow the carrier to bypass the existing Sydney airport’s curfews with overnight schedules [SINGAPORE] Singapore Airlines (SIA) is tapping Sydney’s new 24-hour airport to bypass legacy curfews, launching late-night routes to Changi from Nov 23. The national carrier’s daily flight linking Singapore with the Western Sydney International Airport (WSI), SQ201, will…
Read MoreMaybank lists top Singapore stock picks for short, long Iran war
[SINGAPORE] As the US-Israel-Iran conflict creates a “fog of war” over global markets, Singapore’s investment landscape is being defined by a “certainty premium”, Maybank analysts said. Singapore’s domestic resilience and safe-haven status are expected to provide support to Singapore valuations despite the geopolitical uncertainty, the bank’s strategy report on Mar 18 indicated. “We see any…
Read MoreDoes foreign ownership matter? Marina Bay Sands’ success benefits Singapore greatly
It’s Safe Singapore’s time to shine in drawing premium visitors, as tourism mega hits drive economic growth and create jobs SINGAPORE’S Marina Bay Sands (MBS) has hit the jackpot. The integrated resort delivered “simply the greatest quarter in the history of casino hotels”, said Las Vegas Sands (LVS) then chairman and chief executive officer Rob…
Read MoreMixue reports 33% jump in profit amid bruising China price war
The Chinese beverage chain has been the world’s largest food & beverage chain by store count Published Tue, Mar 24, 2026 · 01:47 PM MIXUE Group reported more than 30 per cent jump in revenue and profit, in line with analysts estimates, a sign the Chinese beverage chain known for its one-dollar lemonade and milk…
Read MoreSinopec to prioritise China’s fuel supply as pressures mount
Beijing has built up an estimated 1.4 billion barrels in stockpiles that could be tapped if disruptions persist Published Tue, Mar 24, 2026 · 12:27 PM CHINA’S biggest oil refiner said that it will prioritise ensuring domestic fuel supplies as it braces for a prolonged conflict in the Middle East. State-owned China Petroleum & Chemical,…
Read MoreVietnam Airlines to suspend some routes as jet fuel risks rise
Around 70% of the country’s jet fuel is imported, primarily from China and Thailand Published Tue, Mar 24, 2026 · 11:46 AM [HANOI] Vietnam Airlines will temporarily suspend flights on some domestic routes as jet fuel shortages and rising fuel prices caused by the conflict in the Middle East start to impact the nation’s air…
Read MoreAsian stocks pare gains, oil edges up on Tuesday
Published Tue, Mar 24, 2026 · 10:31 AM ASIAN stocks pared early gains and equity-index futures reversed course, signalling that the fragile optimism around a potential de-escalation in Middle East tensions may be fading. Gold extended its slump, on track for its longest losing streak on record. Asian shares pared their earlier jump of as…
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