Posts by Liam Redmond
Gold extends gains as Middle East war boosts safe-haven demand
A stronger greenback typically makes dollar-denominated assets such as bullion more expensive for other currency holders Published Tue, Mar 3, 2026 · 11:13 AM [BENGALURU] Gold prices rose for a fifth consecutive session on Tuesday (Mar 3), as investors sought safe havens amid an escalating US and Israeli air war against Iran, raising fears the…
Read MoreAsian banks’ billions in Gulf loans at risk amid Middle East turmoil
Published Tue, Mar 3, 2026 · 10:21 AM THE multibillion dollar ramp-up in loans by Asian banks to the Middle East faces growing uncertainty as Iran’s escalating conflict raises the risk of broader financial fallout. Asian and Chinese banks, which have emerged as the Gulf’s top financiers, extended more than US$15 billion in loans last…
Read MoreST Engineering shares soar 8.8% as conflict in Iran continues
[SINGAPORE] Shares of ST Engineering jumped as much as 8.8 per cent on Tuesday (Mar 3) as the US-Israel-Iran conflict continued for a fourth day. The counter climbed S$0.90 to S$11.15 as at 9.29 am, posting a second straight day of gains after having closed 2.8 per cent up the previous day. Analysts had said…
Read MoreParamount to combine HBO Max and Paramount+ to challenge Netflix
Published Tue, Mar 3, 2026 · 08:26 AM [NEW YORK] Paramount Skydance said on Monday (Mar 2) that it will combine the Paramount+ and HBO Max streaming services into a single platform, following the company’s US$110 billion acquisition of Warner Bros Discovery. The company expects the transaction, which was formally signed on Feb 27, to…
Read MoreUS mulls capping Nvidia H200 sales at 75,000 per Chinese customer
The H200 is the most powerful chip from Nvidia’s previous generation of products [HONG KONG] US officials are considering caps on the number of artificial intelligence (AI) accelerators Nvidia can export to any one Chinese company, which would further constrain the chipmaker’s re-entry into a crucial market. The Trump administration has talked about limiting Chinese…
Read MoreUS will take action to mitigate oil price spike for Americans, Rubio says
Average US retail petrol prices crossed US$3 a gallon for the first time since November on Monday Published Tue, Mar 3, 2026 · 06:24 AM [WASHINGTON] The Unites States will take action to mitigate rising energy prices due to a spike in the price of oil caused by the Iran conflict, US Secretary of State Marco…
Read MoreAI actor Tilly Norwood’s world is expanding with the ‘Tillyverse’
The digital world of the first AI actor, Tilly Norwood, is expanding. AI talent studio Xicoia, which created Norwood, has announced plans for a “rapid expansion” for the digitized actor. The developments include a digital universe dubbed the “Tillyverse,” where ”Tilly and a new generation of AI characters will live, collaborate and build careers.” The…
Read MoreManulife launches new Singapore equity income strategy
The portfolio is ‘constructed to balance income stability with capital appreciation’ [SINGAPORE] Manulife Investments on Tuesday (Mar 3) announced the launch of a new Singapore-focused equity and income growth strategy under the Monetary Authority of Singapore’s (MAS) Equity Market Development Programme (EQDP). Manulife said the Singapore Opportunities Income Strategy aligns with EQDP’s broader market-building efforts,…
Read MoreWall St opens lower on fears of protracted Middle East conflict
Published Mon, Mar 2, 2026 · 10:42 PM [NEW YORK] Wall Street’s main indexes opened lower on Monday (Mar 2) as investors braced for a prolonged Middle East conflict that threatened to disrupt global trade routes and reignite inflationary pressures. The Dow Jones Industrial Average fell 183.5 points, or 0.37 per cent, at the open…
Read MoreIran crisis puts Asia on alert for LNG scramble and US$100 oil
The region’s petrochemical refiners could also experience disruptions to feedstock supply; economic growth could take a hit [SINGAPORE] Asian markets, including Singapore, could face an intense scramble for liquefied natural gas (LNG) if the conflict in Iran escalates and threatens supply, analysts told The Business Times. The region’s petrochemical refiners could also face disruptions to…
Read MoreOil prices could breach US$100 barrier if supply disruptions persist: analysts
While markets recognise the seriousness of the Iran conflict, it’s a geopolitical shock and not a systemic crisis, they add [LONDON] Oil prices surged by nearly 10 per cent on Monday (Mar 2) as shipping in the Strait or Hormuz was affected following attacks by the US and Israel over the weekend that killed Iran’s…
Read MoreAmazon to invest additional US$21 billion in Spain for data centres and AI
Published Mon, Mar 2, 2026 · 08:35 PM [BARCELONA] Amazon said on Monday (Mar 2) it would invest an additional US$21 billion in Spain to expand its data centres and boost AI innovation, bringing its total investment in the country to 33.7 billion euros (S$50.2 billion). Amazon announced the investment after Spain’s Prime Minister Pedro…
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