Posts by Liam Redmond
ECB set to hike as Iran war fuels fresh inflation fears
Published Thu, Sep 10, 2026 · 07:13 AM [FRANKFURT] The European Central Bank looks set to raise interest rates on Thursday (Sep 10) for the second time this year, seeking to head off an energy-driven surge in inflation triggered by the Iran war. Attacks by both sides since the end of August have shattered a…
Read MoreCommodity-finance risks back in focus amid Radiant World scrutiny
Singapore has strengthened digital checks, but gaps remain in verifying if underlying trades are genuine [SINGAPORE] After the 2020 collapse of commodity traders such as Hin Leong and Zenrock left banks facing billions of dollars in exposure, Singapore strengthened its trade-finance safeguards, including new checks aimed at detecting duplicate financing. Recent scrutiny surrounding iron ore…
Read MoreBlizzard video game workers ratify union contracts
Workers at “World of Warcraft” video game developer Blizzard Entertainment have ratified union contracts after two years of bargaining. The ratification vote means all union-represented Blizzard employees — nearly 1,900 people across all units in the company’s games teams and shared services — will have the same contract language in their respective departments, the union…
Read MoreKhaw Boon Wan to step down as SPH Media Trust chairman
He will hand the role to Chan Yeng Kit, who will continue as CEO; changes are set to take effect from Oct 1 [SINGAPORE] SPH Media Trust (SMT) chairman Khaw Boon Wan will step down after five years at the helm, handing the role to CEO Chan Yeng Kit. Chan will continue in his current…
Read MoreWall St indexes open lower as oil crosses US$100
Published Wed, Sep 9, 2026 · 09:47 PM [NEW YORK] The main US stock indexes opened lower on Wednesday (Sep 9) as oil prices surged past the market-sensitive US$100-a-barrelmark level for the first time since July due to deepening tensions in the Middle East. The Dow Jones Industrial Average fell 78.2 points, or 0.15 per…
Read MoreDBS ‘categorically rejects’ S$1.3 billion claim by 1MDB-linked entities under liquidation
[SINGAPORE] DBS “categorically rejects” a S$1.298 billion claim for damages in a lawsuit filed by several entities linked to the 1Malaysia Development Berhad (1MDB) scandal. In a Wednesday (Sep 9) bourse filing, DBS said that a lawsuit has been filed against the bank by four 1MDB-linked entities under liquidation and the companies’ liquidators, Jason Aleksander…
Read MoreYen rallies as over-US$100 oil rattles greenback
The spotlight is on the Japanese currency due to its recent spike, shifting the calculus for the carry trade Published Wed, Sep 9, 2026 · 08:51 PM [LONDON] The Japanese yen traded at seven-month highs on Wednesday (Sep 9), keeping the US dollar under pressure, as traders grappled with oil prices breaking above US$100 a…
Read MoreUber seeking 4.5 billion euros from debut euro bond sale
It’s selling fixed-rate securities with maturities ranging from three years to 20 years Published Wed, Sep 9, 2026 · 08:51 PM [WASHINGTON] Uber Technologies is looking to raise 4.5 billion euros (US$5.2 billion) from its debut five-part euro bond, the latest move by an American company to diversify its funding in Europe. The ride-hailing app…
Read MoreSembcorp axes S$105 million deal to buy Philippine solar farm developer
It is not acquiring Puente Al Sol due to ‘prevailing market conditions and evolving strategic priorities’ [SINGAPORE] Sembcorp Industries has axed a deal to acquire full ownership of Philippine solar farm developer Puente Al Sol, the Singapore-based energy player announced on Wednesday (Sep 9). Sembcorp had inked the deal to purchase Puente Al Sol from…
Read MoreSingapore’s blue-chip index down 0.7% on Wednesday as oil hits US$100 a barrel
Across the broader market, losers beat gainers 297 to 235, as 1.1b securities worth S$1.9b change hands [SINGAPORE] Singapore stocks ended lower on Wednesday (Sep 9), as mounting tensions in the US-Iran conflict sent the Brent crude oil price over US$100 a barrel. The benchmark Straits Times Index (STI) lost 0.7 per cent or 37.82…
Read MoreGoogle to invest 13 billion euros in AI infrastructure in Finland
Published Wed, Sep 9, 2026 · 06:32 PM [HELSINKI] Alphabet’s Google is planning its biggest investment in Europe, an artificial intelligence infrastructure build out worth at least 13 billion euros (US$15.1 billion) in Finland. The investments over the next two years will include the construction of at least three new data centres as well as…
Read MoreCOE premiums up across the board; Cat A price hits all-time high of S$133,009
[SINGAPORE] The Category A certificate of entitlement (COE) premium hit an all-time high of S$133,009 in the Wednesday (Sep 9) tender exercise, even as the prices rose across all the other categories. Meant for smaller, less powerful cars and electric vehicles (EVs), the latest Category A COE price was 3.5 per cent higher than the S$128,501 posted at the…
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