Posts by Liam Redmond
Wall Street falls 2% as Middle East conflict stokes inflation worries
Published Tue, Mar 3, 2026 · 10:45 PM — Updated Tue, Mar 3, 2026 · 11:29 PM [NEW YORK] Wall Street’s main indexes fell more than 2 per cent on Tuesday (Mar 3), with the S&P 500 hitting its lowest in over two months, as investors braced for the impact of a widening Middle East…
Read MoreWilmar’s Indonesian executive gets 6-year jail term, fine over bribing judges
[SINGAPORE] Singapore agribusiness Wilmar International said in a regulatory filing on Tuesday (Mar 3) that its Indonesian unit’s head of social security legal has been handed a six-year jail term and a fine of 300 million rupiah (S$22,700). The Central Jakarta District Court sentenced Muhammad Syafei for bribing the judges who had earlier acquitted Wilmar…
Read MoreBitcoin plunges as risk of prolonged Iran war weighs on crypto
Published Tue, Mar 3, 2026 · 08:36 PM [NEW YORK] Bitcoin tumbled to erase a brief rally above US$70,000, dragged down along with other risk assets by concerns about a lengthy conflict in the Middle East. The original cryptocurrency fell as much as 4.4 per cent to US$66,348 and was trading around US$66,800 at 5.50…
Read MoreSea Q4 earnings up 72.9% at US$410.9 million; targets 25% GMV growth in Shopee
[SINGAPORE] Technology company Sea on Tuesday (Mar 3) posted a net profit of US$410.9 million for its fourth quarter ended Dec 31, 2025, up 72.9 per cent from the US$237.6 million posted for the year-ago period. Revenue stood at US$6.9 billion, a 38.4 per cent year-on-year increase from US$5 billion in Q4 FY2024. The increase…
Read MoreDFI Retail Group FY2025 underlying profit jumps 35% to US$270 million on health, beauty segment growth
The board has proposed a final dividend of US$0.105 a share based on a new 70% payout policy [SINGAPORE] Supermarket and retail store operator DFI Retail Group posted an underlying profit of US$270 million for the year ended Dec 31, 2025, an increase of 35 per cent from US$201 million for the previous financial year.…
Read MoreKuehne+Nagel to cut over 2,000 jobs, weighs impact of Middle East conflict
Swiss logistics group forecasts flat or lower recurring Ebit of 1.2 billion to 1.4 billion francs for 2026 Published Tue, Mar 3, 2026 · 07:42 PM [LONDON] Swiss logistics group Kuehne+Nagel said on Tuesday (Mar 3) it was cutting more than 2,000 jobs as part of a cost-savings programme implemented in the fourth quarter, after…
Read MoreBuyback plans aren’t enough to soothe investors after US software-sector rout
Published Tue, Mar 3, 2026 · 07:21 PM [NEW YORK] US software companies have stepped up their stock buyback plans during a months-long rout. Investors and strategists are skeptical that it will stem the selling. Investors have been dumping software stocks since the fall, with the S&P 500 software index down 28 per cent since…
Read MoreiFast issues S$120 million worth of 2.75% fixed-rate notes
[SINGAPORE] iFast on Tuesday (Mar 3) issued S$120 million worth of fixed-rate notes due in 2031, pursuant to its S$300 million multicurrency debt issuance programme. The Singapore Exchange Securities Trading has given in-principle approval for the listing and quotation of the notes, which are expected to be listed on Wednesday. OCBC served as the sole…
Read MoreVertex Ventures leads tech startup myFirst’s US$8 million Series A funding round
The child-friendly digital ecosystem presents a global opportunity, says the venture capital firm [SINGAPORE] Children’s technology brand myFirst has raised more than US$8 million in its Series A funding round, led by early stage venture capital firm Vertex Ventures South-east Asia & India. The Singapore-based startup, which facilitates child-friendly digital device use through connected services…
Read MoreJapanese stocks plummet as Middle East conflict widens
Published Tue, Mar 3, 2026 · 03:22 PM [TOKYO] Japanese shares fell at the sharpest pace in months on Tuesday (Mar 3), as investors remained on edge for a second straight day following the US-Israeli strikes on Iran. The Topix slumped 3.2 per cent to 3,772.17, the fastest decline since April, while the Nikkei declined…
Read MoreAnalysts downgrade PropNex on expected slowdown in home sales
Phillip Securities downgraded PropNex to ‘accumulate’ with a higher target price; DBS downgraded the firm to ‘hold’ and lowered its target price [SINGAPORE] Analysts have downgraded their calls on PropNex on forecasts that a moderation in residential sales for 2026 could impact earnings, after the real estate firm posted record performance for 2025 last week.…
Read MoreGreat Eastern expands focus on HNW segment with new offerings
The launch of Great Eastern Private comes as wealth transfers gather pace across Asia amid heightened geopolitical and market uncertainty [SINGAPORE] Great Eastern is moving upmarket with the launch of a dedicated client segment proposition for high-net-worth (HNW) individuals, as it seeks a bigger share of Asia’s growing wealth and legacy planning market. The insurer…
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