Posts by Liam Redmond
HPE projects sales that top estimates on AI hardware demand
Published Tue, Mar 10, 2026 · 06:18 AM [SEATTLE] Hewlett Packard Enterprise (HPE) gave an outlook for revenue in the current quarter that exceeded analysts’ estimates, a sign the company is benefiting from solid demand for hardware that helps customers run artificial intelligence (AI) workloads. Sales will be US$9.6 billion to US$10 billion in the…
Read MoreBank of England hit by 5% inflation risk from war in Iran
An economist says that the doubling in natural gas prices alone will add 3 percentage points Published Mon, Mar 9, 2026 · 10:50 PM [LONDON] The Bank of England (BOE) faces the prospect of UK inflation rebounding to 5 per cent, with traders ramping up bets on a reversal of recent cuts to interest rates.…
Read MoreNexperia China says it has begun producing its own chips
Published Mon, Mar 9, 2026 · 10:40 PM [BEIJING] Chipmaker Nexperia’s Chinese subsidiary said on Monday (Mar 9) it has begun producing its own chips, a further step towards independence from its Dutch parent as a dispute that has disrupted automakers’ supply lines continues. In a statement on its Chinese social media account, Nexperia China…
Read MoreWall Street slides 1% as soaring crude prices fan inflation worries
Published Mon, Mar 9, 2026 · 10:30 PM [NEW YORK] Wall Street’s main indexes dropped over 1 per cent on Monday (Mar 9), as oil prices soared, exacerbating inflation fears as hostilities in the Middle East entered their tenth day. Geopolitical tensions deepened after Iran named Mojtaba Khamenei, son of the late Ali Khamenei, as…
Read MoreChina’s CATL beats estimates as battery profit growth quickens
The company also faces intensified competition this year, and China’s auto market is on track for the worst year since 2020 Published Mon, Mar 9, 2026 · 10:20 PM [BEIJING] Chinese electric vehicle battery maker CATL’s net profit rose by a better-than-expected 57.1 per cent in the fourth quarter, in the face of oversupply issues,…
Read MoreIntraco’s major supplier declares force majeure over Iran conflict
The Middle East situation has disrupted the supply of olefins used to make plastics, fibres and detergents [SINGAPORE] Trading and supply chain solutions company Intraco has been hit by the ongoing conflict in the Middle East. A major supplier of its subsidiary Intraco Trading has declared force majeure, the company said in a bourse filing…
Read More‘Very grim’: Singapore, regional petrochem sector could see more force majeure notices; EDB in contact with players
Government agencies are working to support companies amid the ‘evolving situation’ [SINGAPORE] The escalating conflict in the Middle East has cast a pall on Singapore’s petrochemical sector, with two key players declaring force majeure in the past week and some analysts expecting that more could follow. “It is looking very grim for Singapore’s petrochemical sector…
Read MoreMainland investors buy a record HK$37.2 billion in Hong Kong stocks via trading link
The unprecedented purchases are a reminder of the rapid shifts in mood among investors Published Mon, Mar 9, 2026 · 08:16 PM [HONG KONG] Mainland Chinese investors purchased a record HK$37.2 billion (S$6.1 billion) worth of Hong Kong shares through a key trading link on Monday (Mar 9), reversing their unprecedented sale last week. The…
Read MoreGreat Eastern names OCBC director Andrew Khoo as chairman-designate
[SINGAPORE] OCBC-owned insurer Great Eastern has appointed Andrew Khoo, a director on the board of its parent company, as chairman of its board with effect from Apr 15, the bank said in a bourse filing on Monday (Mar 9). Dr Khoo, 62, who has also been on Great Eastern’s board since Sep 8, 2025, succeeds…
Read MoreFrom Shell to Singapore Airlines: the potential winners and losers as oil tops US$100
Transport companies’ profit margins take a hit while developed and emerging markets in Asia-Pacific face spillovers [SINGAPORE] Oil smashed through US$100 a barrel on Monday (Mar 9), with global benchmark Brent crude surging as much as 20 per cent to top US$111 in early trading as the escalating US-Israel-Iran conflict upends energy markets. For transport…
Read MoreSingapore blue-chips tanked by oil price spikes
The only counter on the benchmark index that advances is Wilmar International, which rises 1.1% to S$3.53 [SINGAPORE] Singapore blue-chips were weighed down – amid heavy trading – by a sharp spike in oil prices on Monday (Mar 9) as the fuel surged past US$100 a barrel. The blue-chip barometer Straits Times Index (STI) slid…
Read MoreGIC-backed Greenko Energies weighs US$1 billion India IPO: sources
The company has held preliminary discussions with bankers for a potential share sale as soon as this year Published Mon, Mar 9, 2026 · 05:05 PM [MUMBAI] India’s Greenko Energies is weighing an initial public offering in Mumbai to raise as much as US$1 billion, according to people familiar with the matter, in what could…
Read More