Posts by Liam Redmond
Asian 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…
Read MoreVibrant Group queried on Khua’s undisclosed prison sentence in bourse filing
Vibrant’s bourse filing said Khua stepped down for health reasons, but did not mention his legal troubles [SINGAPORE] The Securities Investors Association (Singapore), or Sias, has queried mainboard-listed logistics company Vibrant Group as to why it did not disclose that, prior to his stepping down, its former chief executive officer Eric Khua had lost a…
Read MoreSurveillance company Flock generates controversy — and a roster of L.A. clients
Santa Cruz tried out the surveillance company Flock Safety for a little over a year before deciding it was time to move on. Cambridge, Mass., also had enough and tore up its contract in December. Now, some officials in San Diego have begun to have second thoughts of their own. In recent months, dozens of…
Read MoreAsian oil buyers assess stockpiles, Mid-East alternatives as Iran conflict escalates
Indian refiners scout for alternative supplies; S Korea exploring supplies within Asia Published Sun, Mar 1, 2026 · 06:48 PM [SEOUL/NEW DELHI] Asian governments and refiners rushed to assess oil stockpiles as well as alternative shipping routes and supplies as the Iran conflict disrupted shipping in the crucial Strait of Hormuz, with oil prices expected…
Read MoreYangzijiang Financial sinks into red in H2, posts FY2025 loss on China property provisions
No dividend is declared for FY2025, compared with a final dividend of S$0.0345 in the previous year [SINGAPORE] Yangzijiang Financial swung into the red in the second half of FY2025 with a net loss of S$142.9 million, from a net profit of S$197.3 million in the same period a year earlier. The decline was driven…
Read MoreNvidia forms alliance to make sure 6G networks embrace AI
The shift is vital for the future’s myriad connected devices and their complex network requirements Published Sun, Mar 1, 2026 · 03:53 PM [BARCELONA] Nvidia, the world’s most valuable company, is throwing its weight behind an effort to make sure the forthcoming 6G phone networks provide a strong platform for services and devices that take…
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