Posts by Liam Redmond
RHB keeps ‘buy’ on Suntec Reit following Hongkong Land’s acquisition of 10.8% stake
[SINGAPORE] RHB Group Research is keeping its “buy” rating on Suntec Real Estate Investment Trust (Reit) following Hongkong Land’s purchase of a 10.8 per cent stake in the trust. The 318 million units valued at S$541 million was sold by ESR Group to Jardine’s property arm at S$1.70, above the market price. The reit was…
Read MoreGold set for third weekly fall on hawkish US Fed, elevated dollar
Bullion has lost over 6 per cent so far this week. Published Fri, Mar 20, 2026 · 12:32 PM Gold prices rose on Friday on technical buying, but were headed for a third consecutive weekly decline, pressured by a firm US dollar and as a hawkish US Federal Reserve dampened hopes for near-term interest rate…
Read MoreRupee set for all-time low on oil fears, pullback in crude from highs offers relief
Published Fri, Mar 20, 2026 · 11:57 AM [MUMBAI] The Indian rupee is set to weaken toward a lifetime low on Friday, pressured by persistently high oil prices, although a pullback from recent highs in crude is likely to limit the extent of losses. The 1-month non-deliverable forward indicated the rupee will open near 92.90…
Read MoreRupee breaches 93 per US dollar to hit record low as Iran war risks deepen
With no let-up in the conflict, Indian currency looks increasingly vulnerable and could slip to 95 per dollar Published Fri, Mar 20, 2026 · 11:57 AM [MUMBAI] The Indian rupee fell past the 93-per-US dollar level for the first time on Friday (Mar 20), on heightened worries over the hit from the Iran war-led disruption…
Read MoreTesla in talks with Chinese firms to buy US$2.9 billion worth of solar equipment, sources say
Published Fri, Mar 20, 2026 · 11:23 AM TESLA is looking to buy equipment worth US$2.9 billion for manufacturing solar panels and cells from Chinese suppliers including Suzhou Maxwell Technologies, two people familiar with the matter said, as Tesla chief Elon Musk aims to add 100 gigawatts of solar capacity in the US. Musk said…
Read MoreAlibaba targets US$100 billion of cloud, AI revenue in five years as results disappoint
Net income plummeted, hurt in part by heavy spending on promotions to fend off rivals Published Fri, Mar 20, 2026 · 09:21 AM ALIBABA Group declared a target of reaching US$100 billion of cloud and AI-related business revenue in five years, setting a high watermark for one of China’s most ambitious artificial intelligence players. Chief…
Read MoreFedEx CEO says global demand holding amid Iran war, annual profit outlook up on record holiday profit
Published Fri, Mar 20, 2026 · 08:50 AM GLOBAL delivery company FedEx said on Thursday that global demand is holding steady at the start of March despite the war in Iran, while fuel surcharges are sheltering profits from surging fuel costs. US and Israeli attacks on Iran quickly spiralled into a regional conflict that has…
Read MoreStocks to watch: UOB, Singtel, Hongkong Land, Suntec Reit, Rex International
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Mar 20): UOB : The bank on Thursday said it grew its sustainable financing portfolio to S$70.1 billion in 2025, up 21 per cent from S$58 billion recorded at the end of 2024. A key driver of this lending…
Read MoreStocks to watch: UOB, Singtel, Hongkong Land, Suntec Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Mar 20): UOB : The bank on Thursday said it grew its sustainable financing portfolio to S$70.1 billion in 2025, up 21 per cent from S$58 billion recorded at the end of 2024. A key driver of this lending…
Read MoreNvidia to sell 1 million chips to Amazon by end of 2027 in cloud deal
Published Fri, Mar 20, 2026 · 08:29 AM [SAN FRANCISCO] Nvidia will sell 1 million of its graphics processing unit chips, along with a host of the AI giant’s other offerings, to Amazon.com’s cloud computing unit by 2027, a Nvidia executive told Reuters on Thursday. Nvidia and Amazon Web Services said this week that AWS…
Read MoreUnilever in talks to separate food business and combine it with McCormick: WSJ
Published Fri, Mar 20, 2026 · 07:57 AM UNILEVER is in talks to separate its food business and combine it with spice maker McCormick, the Wall Street Journal reported on Thursday, citing people familiar with the matter. An all-stock deal could come within weeks if the talks do not fall apart, the Journal added. Unilever…
Read MoreSingtel says mechanical fault, software bug behind outages; 600,000 affected
Published Fri, Mar 20, 2026 · 07:50 AM [SINGAPORE] Singtel’s outage on Monday (Mar 16) affected about 600,000 customers and was due to a mechanical fault at one of its network facilities, the telco said on Mar 19. Separately, about 2,000 customers experienced mobile connectivity problems on Mar 17 because of a software bug from a planned…
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