Posts by Liam Redmond
Billionaire sitting on 16,000 kg of gold says price will rise
The precious metal has surged more than 75% in a year to trade above US$5,000 an ounce Published Thu, Mar 5, 2026 · 12:03 PM [DUBAI] Joy Alukkas, an Indian tycoon who built one of the world’s biggest family-owned jewellers, sees gold prices tracking higher over the coming years in response to a world hit…
Read MoreUOBKH’s ‘Alpha Picks’ outperform STI in February; Keppel, Singtel added for March
Lendlease Global Reit, DFI Retail, ChinaSunsine and Reclaims Global are removed from the portfolio [SINGAPORE] With volatility heightened by geopolitical tensions, UOB Kay Hian (UOBKH) has repositioned its “Alpha Picks” portfolio for March to favour defensive large-caps and yield-accretive plays, the brokerage said on Tuesday (Mar 3). Despite the volatile backdrop, the brokerage’s portfolio outperformed…
Read MoreSouth Korea’s Kospi leaps 12%, rebounds from worst-ever crash
Published Thu, Mar 5, 2026 · 10:46 AM [SEOUL] South Korea’s benchmark Kospi index surged as much as 12 per cent on Thursday, swiftly erasing almost all of its worst-ever daily drop a day earlier, buoyed by hopes for progress in US-Iran diplomacy. The rebound followed a New York Times report on Wednesday suggesting Iran’s…
Read MoreShippers and oil traders seek details on Trump’s convoy plan
Multiple attacks on vessels in recent days have choked off traffic through the narrow waterway Published Thu, Mar 5, 2026 · 10:35 AM [HONG KONG] Traders were on Wednesday (Mar 4) awaiting further details of US President Donald Trump’s plan to guarantee the free flow of energy shipments through the Persian Gulf, as the shipping…
Read MoreShares of Aspial Lifestyle up 6% on proposed transfer to SGX mainboard
This move can enhance the company’s ability to access both equity and debt capital markets [SINGAPORE] Shares of consumer lifestyle group Aspial Lifestyle rose 6 per cent on Thursday (Mar 5) morning, after its announcement of its proposed transfer to the Singapore Exchange’s mainboard. The counter hit S$0.39 as at 9.10 am, trading at about…
Read MoreGold gains on safe-haven demand, softer dollar
Published Thu, Mar 5, 2026 · 09:46 AM [BENGALURU] Gold rose on Thursday (Mar 5) as the widening Middle East conflict drove investors towards the safe-haven asset, while a softer US dollar also lent support to bullion prices. Spot gold was up 0.8 per cent at US$5,176.69 per ounce by 9.01 am. US gold futures…
Read MoreNvidia CEO Huang rules out US$100 billion OpenAI investment
Published Thu, Mar 5, 2026 · 09:27 AM [SAN FRANCISCO] Nvidia chief executive officer Jensen Huang does not see his company’s investments in OpenAI reaching US$100 billion, the maximum amount that the chipmaking giant had once pledged to spend on the startup. “I think the opportunity to invest US$100 billion in OpenAI is probably not…
Read MoreAustralia to join G7 critical minerals alliance, Canada’s Carney says
Published Thu, Mar 5, 2026 · 08:58 AM [SYDNEY] Australia and Canada on Wednesday signed a series of new agreements on critical minerals, Canadian Prime Minister Mark Carney said, including Australia joining the G7 minerals alliance. Western nations have been attempting to diversify their supply chains away from China, which still controls the majority of…
Read MoreGeo Energy to raise up to S$14.9 million via proposed share placement
[SINGAPORE] Mainboard-listed coal producer Geo Energy Resources intends to raise gross proceeds of up to S$14.9 million through a proposed placement of 35 million new ordinary shares. The group announced on Thursday (Mar 5) that it has entered into a placement agreement with KGI Securities (Singapore), which will act as the placement agent. The placement…
Read MorePhillip Securities upgrades Sats to ‘buy’; sees no material impact from Iran war
The brokerage hikes Sats’ target price by 15.6% to S$4.44 and lifts its earnings forecast [SINGAPORE] Phillip Securities upgraded its call for Sats to “buy” and raised its target price by 15.6 per cent to S$4.44 – even as the Iran war destabilises global trade and poses near-term risks for the ground handler and in-flight…
Read MoreUS-to-Asia oil shipment costs hit a record, some deals falter
Published Thu, Mar 5, 2026 · 06:22 AM [LONDON] It’s never been more expensive to ship crude from the US to Asia, though some deals are starting to fall through already with rates sky-high. The global energy industry has been rocked by the widening Middle East fighting, with the impacts playing out in spiking oil…
Read MoreComfortDelGro to partially absorb higher fuel costs at its petrol pumps
It will also deploy fuel subsidies to ease the financial pressure on its drivers in the wake of higher pump prices amid the Iran war [SINGAPORE] Taxi operator ComfortDelGro (CDG) will absorb a portion of increased fuel costs at its petrol pumps, amid rising fuel costs due to the Iran war. It will also deploy…
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