Posts by Liam Redmond
Fuel price spikes: Mobility platform responses
[SINGAPORE] Mobility and food delivery platforms are still monitoring the impact of fuel price spikes on its drivers and riders across South-east Asia, and are taking different approaches to help them. Fuel prices have soared across South-east Asia in the wake of the Iran conflict, with countries such as the Philippines implementing measures, including a…
Read MoreChina orders immediate ban on March fuel exports: sources
Published Thu, Mar 12, 2026 · 02:18 PM [SINGAPORE] China has ordered an immediate ban on refined fuel exports in March in a further step to pre-empt a potential domestic fuel shortage caused by the US-Israeli war on Iran, four sources with knowledge of the matter said on Thursday (Mar 12). The ban, issued by…
Read MoreAirline hedging strategies fall short as jet fuel price surges
Major carriers in the US and China have no hedging contracts in place, leaving them fully exposed to jumps in fuel price Published Thu, Mar 12, 2026 · 01:30 PM [HONG KONG] As a sharp rise in oil prices rattles global transport markets, airlines face an additional threat: the price of jet fuel has risen…
Read MoreMUFG, State Bank of India sign pact to boost cross border deals
In addition to mergers, the partnership will focus on sectors including aviation and real estate finance Published Thu, Mar 12, 2026 · 12:28 PM [MUMBAI] Japan’s Mitsubishi UFJ Financial Group (MUFG) and State Bank of India (SBI) formed a partnership to explore merger and acquisition opportunities in the country, a month after the central bank…
Read MoreFuel switch incident, surging fuel prices put Air India’s turnaround under fresh test
Rising fuel costs amid escalating Middle East tensions are compounding its challenges Published Thu, Mar 12, 2026 · 11:25 AM [NEW DELHI] A fuel switch incident involving an Air India Boeing 787 Dreamliner has renewed scrutiny of the Indian full-service carrier’s operational reliability at a delicate period in its turnaround efforts, even as rising fuel…
Read MoreNissan, Uber, Wayve unveil robotaxi tie-up
The vehicles will operate on Uber’s platform in the initial phase, with a trained safety driver in the cars Published Thu, Mar 12, 2026 · 10:25 AM [TOKYO] Nissan Motor, Uber Technologies and British startup Wayve said on Thursday they will collaborate on developing robotaxis, aiming to roll out a pilot programme in Tokyo by…
Read MorePrivate credit exodus forces caps at Cliffwater, Morgan Stanley
Private credit funds focused on retail investors are typically required to offer quarterly repurchases of their shares Published Thu, Mar 12, 2026 · 09:31 AM [NEW YORK] Morgan Stanley and Cliffwater capped withdrawals from their multibillion-dollar private credit funds after investors sought to redeem vastly more than the vehicles allow. Cliffwater’s US$33 billion flagship private…
Read MoreStocks to watch: Q&M Dental, Del Monte Pacific, RH Petrogas
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Mar 12): Q&M Dental : The company announced on Wednesday that it is proposing to buy a 100 per cent stake of a dental group in Australia for A$144.5 million (S$132.1 million). Q&M said A$30 million, or about 21…
Read MoreJapan to release 80 million barrels of oil from reserves
Governments are seeking to contain a surge in energy prices driven by the Middle East war Published Thu, Mar 12, 2026 · 07:08 AM [TOKYO] Japan will release 80 million barrels of oil from its strategic reserves as the nation and other major energy importers grapple with the fallout of the war in the Middle…
Read MoreTrump to invoke emergency law for offshore oil producer Sable
California relies heavily on foreign crude, which made up about 61% of the oil used by its refineries last year Published Thu, Mar 12, 2026 · 06:26 AM [WASHINGTON] US President Donald Trump is preparing to invoke Cold War-era powers to pave the way for renewed oil production off the southern California coast, a long-shot…
Read MoreCiti, StanChart evacuate Dubai offices, HSBC closes Qatar branches as fears grow
The moves come after Iran threatened to target US and Israeli banks in the Gulf region Published Wed, Mar 11, 2026 · 11:40 PM [DUBAI/LONDON] Citigroup and Standard Chartered have begun evacuating their Dubai offices, telling staff to work from home instead, sources said on Wednesday (Mar 11), as banks step up precautions after Iran…
Read MoreQ&M to buy Australian dental group for A$144.5 million
The acquisition target has a network of more than 40 clinics and about 120 dentists [SINGAPORE] Q&M Dental is proposing to buy a 100 per cent stake of a dental group in Australia for A$144.5 million (S$132.1 million), it said in a bourse filing on Wednesday (Mar 11). Q&M said the deal supports its “long-term…
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