Posts by Liam Redmond
Geely extends lead over BYD with biggest sales gap since 2022
Published Mon, Mar 2, 2026 · 12:46 PM CHINESE automaker Geely Automobile Holdings sold more vehicles than BYD for a second consecutive month, piling pressure on the latter to beef up its lineup and reignite waning demand for electric vehicles (EVs). In the first two months of this year, Geely delivered about 76,000 units more…
Read MoreBlackstone’s CEO took home a near-record US$1.24 billion in 2025
The payday underscores how the biggest alternative asset managers have insulated themselves from a rough spell in private equity Published Mon, Mar 2, 2026 · 12:19 PM [NEW YORK] Blackstone chief executive officer Steve Schwarzman took home US$1.24 billion last year, just shy of his record US$1.27 billion in 2022. He collected US$1.1 billion in…
Read MoreTravel chaos worsens as Iran conflict shuts key Middle East airports
The extensive suspension of all air services will severely disrupt the finely-tuned choreography of global aircraft movements Published Mon, Mar 2, 2026 · 12:03 PM [DUBAI] Travel chaos extended through the Middle East and beyond, sending airline stocks sharply lower on Monday (Mar 2), as carriers across the Persian Gulf extended blanket flight suspensions, causing…
Read MorePost selling One Raffles Place, OUE Reit should divest other assets and be wound up, or be privatised
Post selling One Raffles Place, OUE Reit should be privatised or divest the rest of its properties [SINGAPORE] As investor interest in local equities rises, boards of listed entities need to be proactive in optimising value for investors. Kudos to the board of directors of OUE Real Estate Investment Trust ’s (OUE Reit) manager for…
Read MoreIntermediaries see shift to fixed income ahead of rate cuts, eye new markets for growth: BOS survey
Alternative investments and exchange-traded funds are also expected to see more demand [SINGAPORE] Fixed-income solutions are set to see the strongest growth in demand among clients of financial intermediaries, as investors lock in yields ahead of anticipated rate cuts, found a new survey by the Bank of Singapore (BOS). A third of the 90 senior…
Read MoreAsian markets open lower after US-Israel strikes on Iran; spot gold rises by 1.7%
Iran is preparing for a “crushing retaliation”, according to a Reuters report on Saturday, such that reconciliation with the West is not in sight [SINGAPORE] Asia markets declined at market open on Monday (Mar 2), after the latest US-Israel attacks on Iran over the past weekend. It comes after a 12-day air war in June…
Read MoreOil spikes as widening Iran crisis disrupts flows through Strait of Hormuz
Published Mon, Mar 2, 2026 · 08:00 AM OIL surged by the most in four years, as the US-Israeli war against Iran plunged the global crude market into turmoil, with the effective closure of the Strait of Hormuz. Brent rallied as much as 13 per cent to above US$82 a barrel – the highest level…
Read MoreSafe-haven yen and Swiss franc gain as weekend Iran strikes unnerve markets
Trading was thin late on Sunday European time, but deals in major currency pairs can set the tone Published Mon, Mar 2, 2026 · 07:04 AM [LONDON] The safe-haven Swiss franc and Japanese yen firmed, while the euro slid as trading resumed after a weekend that saw the United States and Israel launch their most…
Read MoreShipping lines cut Mideast routes posing risk to trade flows
Published Mon, Mar 2, 2026 · 05:58 AM [DUBAI] The world’s largest container carriers are rerouting ships to avoid the Persian Gulf, as a widening military conflict pitting the US-Israeli alliance against Iran threatens to disrupt global merchandise trade. MSC Mediterranean Shipping, the top container line, halted cargo bookings for the Middle East while No…
Read MorePatrick Dumont leads Las Vegas Sands’ Asia expansion
New chairman and CEO Patrick Dumont takes on the top job after Marina Bay Sands records the best year since it opened in 2010 [SINGAPORE] Singapore is a long way from home for Patrick Dumont, but the American will likely be spending far more time in the city-state in the years ahead, after his elevation…
Read MoreIran crisis threatens worst gas market disruption since 2022
Asia is particularly vulnerable, with more than four-fifths of Qatar’s LNG delivered to Asian buyers last year Published Sun, Mar 1, 2026 · 08:56 PM A WIDENING Middle East conflict looks set to create the most significant disruption for gas markets since Russia’s invasion of Ukraine upended global trade four years ago. Iran’s neighbours, such…
Read MoreYangzijiang Maritime’s H2 profit dips 1% to US$66.2 million in first results after spin-off
[SINGAPORE] Yangzijiang Maritime posted a 1 per cent dip in net profit to US$66.2 million for the second half of FY2025, from US$66.9 million in the prior corresponding period. This came as higher operating and listing-related expenses, as well as allowances for finance lease receivables, weighed on earnings. Earnings per share slipped to US$0.019, from…
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