Posts by Liam Redmond
DBS says digital services restored after access was disrupted
[SINGAPORE] Access to DBS digital services was affected on Thursday (Mar 19), said the bank, with some users reporting that DBS and POSB banking apps, websites and the PayLah! app were at least partially affected. The first Downdetector report was submitted at 11.49 am, with more than 2,000 reports registered within the next 30 minutes.…
Read MoreDBS lifts China Aviation Oil target price to S$2.50 on arbitrage opportunities
Tightening availability and fragmenting regional markets may strengthen CAO’s commercial positioning [SINGAPORE] DBS analysts raised their target price for China Aviation Oil (Singapore) Corp (CAO) to S$2.50 on Tuesday (Mar 17), up from S$1.75, following “convincing” better-than-expected earnings for the 2025 financial year. DBS Group Research analyst Jason Sum maintained a “buy” call on the…
Read MoreBOJ holds rates steady, warns of Iran war impact on inflation outlook
Japan’s heavy reliance on Middle East oil may worsen the hit to corporate profits and the economy from rising fuel costs Published Thu, Mar 19, 2026 · 12:21 PM [TOKYO] The Bank of Japan (BOJ) kept interest rates steady on Thursday (Mar 19) but warned of the impact rising oil costs from the Middle East…
Read MoreJPMorgan shut China tycoon’s account that made millions for bank
Shunning an investor with a disclosed large stake in a public company is an unusual move for a major private bank Published Thu, Mar 19, 2026 · 11:41 AM [HONG KONG] JPMorgan Chase has shut the private banking account of Tang Hao, a Chinese investor who rose to prominence after taking a multibillion-dollar stake in…
Read MoreSuntec Reit up 7.1% following news of strategic review; S$560 million of units traded
New sponsor Tang Organization launching review of Reit aimed at boosting portfolio performance and future distributions [SINGAPORE] Suntec Real Estate Investment Trust (Reit) rose 7.1 per cent or S$0.10 to S$1.50 in morning trading on Thursday (Mar 19), two days after it announced that Tang Organization, its new sponsor, plans to “undertake a comprehensive strategic…
Read MoreSuntec Reit units close 4.3% higher after news of strategic review; units worth S$577 million traded
New sponsor Tang Organization is launching a review to boost portfolio performance and future distributions [SINGAPORE] Suntec Real Estate Investment Trust (Reit) rose 4.3 per cent or S$0.06 to close at S$1.46 on Thursday (Mar 19), after heavy trading on the back of an announcement that its new sponsor, Tang Organization, plans to undertake a…
Read MoreInsurer AIA unveils US$1.7 billion buyback
The group’s new business value hits record high in 2025, propelled by the resilient performance of all of its segments Published Thu, Mar 19, 2026 · 11:11 AM [BENGALURU] Hong Kong-based insurer AIA Group on Thursday (Mar 19) announced a new share buyback programme of US$1.7 billion and achieved a record value of new business…
Read MoreMicron’s heavy factory spending overshadows booming memory sales
Memory prices have been soaring because of shortages fuelled by AI computing demand Published Thu, Mar 19, 2026 · 10:58 AM [SEATTLE] Micron Technology warned that it will need to spend heavily on production to meet burgeoning demand, overshadowing a generally upbeat forecast from the largest US maker of computer memory chips. Capital spending will…
Read MoreApple’s China smartphone sales jump 23% to start 2026, bucking industry trend
The US tech giant’s tight grip on its supply chain leaves it better placed than rivals to absorb the impact of soaring memory chip costs Published Thu, Mar 19, 2026 · 10:43 AM [BEIJING] Apple posted a 23 per cent surge in China smartphone sales in the first nine weeks of 2026, bucking a broader…
Read MoreChina rate markets signal cooling bets on deflation, PBOC easing
Investors and businesses use the swaps to hedge their interest rate exposure by exchanging a fixed-rate income stream for floating rates Published Thu, Mar 19, 2026 · 10:14 AM CHINA’S interest rate markets are indicating reduced expectations for further easing of funding conditions and monetary policy, reflecting renewed economic optimism and lingering concerns about elevated…
Read MoreHSBC mulls deep job cuts from multi-year AI-fuelled overhaul
The changes could ultimately affect around 20,000 roles, or about 10 per cent of its total workforce: source Published Thu, Mar 19, 2026 · 09:37 AM [LONDON] HSBC Holdings is weighing a wave of deep job cuts over the coming years as chief executive officer Georges Elhedery bets on artificial intelligence (AI) to shrink its…
Read MoreGold steadies after six-day decline as Fed warns on inflation
Published Thu, Mar 19, 2026 · 09:18 AM [SINGAPORE] Gold steadied after tumbling nearly 4 per cent in the previous session, as the US Federal Reserve warned that the Middle East war and surging energy prices could stoke inflation. Bullion held near US$4,835 an ounce in early trading, following its sixth straight daily decline, the…
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