Posts by Liam Redmond
Defence spending to benefit ST Engineering, Addvalue
Addvalue is also a ‘rare Asian space/drone play in rapid growth mode’, say analysts [SINGAPORE] ST Engineering and Addvalue Tech are set to be key beneficiaries of a rise in defence spending by Singapore, said Maybank analysts Krishna Guha and Jarick Seet on Saturday (Mar 14). Prime Minister and Finance Minister Lawrence Wong said in…
Read MoreGold steady as investors await central bank decisions, weigh Middle East risks
Published Tue, Mar 17, 2026 · 10:41 AM [BENGALURU] Gold prices were largely steady on Tuesday (Mar 17) as investors stayed on the sidelines, weighing the economic fallout from the conflict in the Middle East ahead of a slew of central bank policy decisions this week. Spot gold firmed 0.1 per cent to US$5,007.61 per…
Read MoreAnt Group secures China nod for Hong Kong brokerage acquisition
Published Tue, Mar 17, 2026 · 08:40 AM [HONG KONG] Ant Group won China’s regulatory approval to complete its purchase of Hong Kong-listed brokerage Bright Smart Securities & Commodities Group, clearing the way for a deal agreed nearly a year ago. Ant completed reporting procedures with the relevant Chinese authorities required for high-value, non-sensitive investment…
Read MoreApple unveils second-generation AirPods Max at US$549, more than five years after debut
Currently, the segment is largely dominated by Japan’s Sony Group, Bose and Sennheiser Published Tue, Mar 17, 2026 · 08:25 AM [BENGALURU] Apple on Monday (Mar 16) unveiled the second generation of its premium AirPods Max over-ear headphones at US$549, more than five years after the first version’s launch. The update marks Apple’s first major…
Read MoreAsian private bankers go on blitz to calm private credit nerves
Regulators in Asia are also increasing scrutiny of the asset class, aiming to protect less-savvy individual investors Published Tue, Mar 17, 2026 · 07:42 AM [HONG KONG/SINGAPORE] Private bankers across Asia are scrambling to contain client anxiety as redemption pressures ripple through the US$1.8 trillion private credit market, even in a region seen as more…
Read MoreOil prices slide 3% as some ships transit Strait of Hormuz
Published Tue, Mar 17, 2026 · 06:06 AM [NEW YORK] Oil prices slid about 3 per cent on Monday (Mar 16) after some vessels sailed through the critical Strait of Hormuz, even as US allies rebuffed President Donald Trump’s call for help in unblocking the strait, and as the head of the IEA suggested more…
Read MoreAnother billionaire confirms California exit: Uber co-founder Kalanick
Uber co-founder Travis Kalanick said he moved to Texas in December, adding to the list of billionaires who have left California ahead of a proposed wealth tax. In an interview on tech talk show TBPN, Kalanick said he moved to Texas on December 18. He didn’t explain the reasoning behind the move, but suggested he…
Read MoreReliance signs US$3 billion green ammonia supply deal with South Korea’s Samsung C&T
Published Mon, Mar 16, 2026 · 11:22 PM [BENGALURU] India’s Reliance Industries said on Monday (Mar 16) it had signed a binding agreement with Samsung C&T, an affiliate of South Korea’s Samsung Group, to supply green ammonia for 15 years in a deal valued at more than US$3 billion. Supply under the deal will begin…
Read MoreVinFast quarterly loss widens as costs bite
Vietnamese EV maker expects to resume construction of a US manufacturing plant this year Published Mon, Mar 16, 2026 · 11:09 PM [HANOI] Vietnamese electric vehicle manufacturer VinFast reported on Monday (Mar 16) a bigger fourth-quarter net loss, hit by rising costs as the company spent heavily to boost sales and expand its manufacturing footprint.…
Read MoreWall St opens higher as tech stocks gain; investors weigh Middle East conflict
Published Mon, Mar 16, 2026 · 09:43 PM [NEW YORK] Wall Street’s main indexes opened higher on Monday (Mar 16) with shares of Meta among the top gainers after a report said the megacap was prepping for sweeping AI-related layoffs, even as elevated crude prices due to the raging Middle East conflict kept risk-taking in…
Read MoreUK high court rejects appeal on US$832.2m case against Yangzijiang Shipbuilding subsidiaries
The court also refuses the claimants’ application for permission to appeal further [SINGAPORE] An appeal by claimants seeking US$832.2 million from three wholly owned subsidiaries of Yangzijiang Shipbuilding (YZJ) has been dismissed by the United Kingdom’s High Court. In a bourse filing on Monday (Mar 16), the mainboard-listed shipbuilder said the court not only dismissed…
Read MoreDayOne Data Centers nears confidential filing for US IPO: sources
The Singapore-based data centre operator may submit its draft IPO as soon as this week Published Mon, Mar 16, 2026 · 07:51 PM [HONG KONG] DayOne Data Centers is close to filing confidentially for an initial public offering in the US, people familiar with the matter said, paving the way for another multibillion-US dollar deal…
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