Posts by Liam Redmond
Frasers Property to put hospitality portfolio revamp to shareholder vote on Aug 28
[SINGAPORE] Frasers Property will ask shareholders to approve a proposed optimisation of Frasers Hospitality Trust’s portfolio at an extraordinary general meeting on Aug 28, as part of a broader push to unlock capital from stabilised assets and sharpen its hospitality strategy. The proposal, disclosed in the group’s business update for the nine months ended Jun…
Read MoreChina’s car sales extend slide as shift accelerates to overseas markets
For the first seven months of the year as a whole, domestic passenger vehicle sales decline 20.5% Published Tue, Aug 11, 2026 · 07:23 PM [BEIJING] China’s car sales fell for a 10th straight month in July, though the pace of decline eased, contrasting with strong export growth as automakers step up overseas expansion to…
Read MoreRace to replace Pelosi enters the AI group chat
A parody AI chatbot designed by California congressional candidate Scott Wiener’s campaign to mock the record of his opponent attracted the attention politicians crave and criticism most loathe. The short-lived experiment stirred controversy over the use of artificial intelligence in campaigns ads and drew sharp criticism from former House Speaker Nancy Pelosi, who has endorsed…
Read MoreMalaysia’s SD Guthrie sees El Niño impacting 2027-28 palm oil output
Published Tue, Aug 11, 2026 · 04:50 PM [KUALA LUMPUR] Malaysia’s SD Guthrie, one of the world’s largest palm oil producers, said on Tuesday (Aug 11) that it expects production to be impacted in 2027 and 2028 with El Niño set to bring drier and hotter weather. Production for the rest of 2026 is expected…
Read MoreSEC settles charges over SpaceX, Klarna, pre-IPO share fraud
Published Tue, Aug 11, 2026 · 04:23 PM [NEW YORK] The US Securities and Exchange Commission on Monday brought settled charges of fraud against Adit Ventures Management, its founder and three partners in connection with pre-IPO investments in companies including Klarna and SpaceX, the agency said in a release. The SEC alleged that the investment…
Read MoreIndia’s banking regulator urges lenders to accelerate AI spend
Published Tue, Aug 11, 2026 · 03:25 PM [NEW DELHI] Indian lenders need to accelerate adoption of artificial intelligence by investing in technology and infrastructure besides training workers to upskill, central bank governor Sanjay Malhotra said on Tuesday (Aug 11). Malhotra, however, warned that wider AI use entails risks including biased or opaque decisions, along…
Read MoreAustralia central bank holds rates steady, keeps hike on table
Published Tue, Aug 11, 2026 · 01:31 PM [SYDNEY] Australia’s central bank held its cash rate steady at 4.35 per cent for a second straight meeting on Tuesday (Aug 11), saying the economy was slowing as expected, but warned it might yet hike again if needed to control inflation. Wrapping up its August policy meeting,…
Read MoreOCBC opens up in-app platinum, palladium trading to retail investors
[SINGAPORE] OCBC has expanded the precious metals trading capabilities on its mobile application, allowing retail investors to trade platinum and palladium bullion. Starting from Tuesday (Aug 11), mass retail customers can digitally invest in platinum and palladium starting from a minimum of 0.01 ounce. Based on pricing from Friday, this micro-investing threshold translates to about…
Read MoreVingroup’s VinSpace signs SpaceX contract for satellite missions
Published Tue, Aug 11, 2026 · 12:06 PM [HANOI] VinSpace, a unit of Vietnamese conglomerate Vingroup, has signed a launch contract with SpaceX for its satellite missions, the company said on Tuesday (Aug 11). VinSpace’s satellites will launch on a SpaceX Transporter rideshare mission in 2027, joining multiple other customers on a shared launch, it…
Read MoreYangzijiang Shipbuilding continues earnings rally, shares up as much as 9.3%
[SINGAPORE] Shares of Yangzijiang Shipbuilding continued their rally on Tuesday (Aug 11), advancing as much as 9.3 per cent. The counter rose to S$4.59 on Tuesday, adding S$0.39 by 10.17 am, with about 34.7 million securities transacted. This added about S$1.5 billion in market capitalisation. The move picked up from a 6.6 per cent rise…
Read MoreKioxia says investment vehicle for SK Hynix is top shareholder
The firm’s annual report lists SK Hynix’s claim as risk factor, saying it represents a possible conflict of interest Published Tue, Aug 11, 2026 · 10:11 AM [TOKYO] Kioxia’s biggest shareholder is an investment vehicle that holds shares claimed by rival SK Hynix. The flash memory maker’s former parent, Toshiba, has trimmed its stake in…
Read MoreGold touches US$4,400 as traders turn focus to US inflation data
Bullion edges higher in early trading, after adding 3.6% over the previous two sessions Published Tue, Aug 11, 2026 · 09:01 AM GOLD advanced through US$4,400 an ounce ahead of a key US inflation report that could provide fresh clues to the US Federal Reserve’s appetite for an interest rate hike. Bullion edged higher in…
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