Posts by Liam Redmond
Deliveroo pulls out of Singapore after 10 years
[SINGAPORE] Food delivery platform Deliveroo is exiting the Singapore market after a decade, with the final day of service set to be Mar 4. Parent company DoorDash said the decision is “not an indication of the business performance”. It will also be ceasing operations in Qatar, Japan and Uzbekistan across its Deliveroo and Wolt brands.…
Read MorePrivate credit fund is selling US$477 million of assets at 94% value as industry worries continue
Published Wed, Feb 25, 2026 · 01:47 PM [NEW YORK] A New Mountain private credit fund sold US$477 million of assets at 94 cents on the dollar, at a time when investors have grown increasingly concerned about the risks underlying the US$1.8 trillion market. New Mountain Finance, a business development company, said that it was…
Read MoreHSBC profit beats as wealth division boosted by client income
The bank is preparing to move towards a more Wall Street-style compensation model Published Wed, Feb 25, 2026 · 12:53 PM [LONDON] HSBC Holdings reported better-than-estimated earnings for 2025 as Europe’s largest bank closed out a year in which its market value broke through £200 billion (S$342 billion) for the first time in its history.…
Read MoreSIA’s Q3 financials beat street consensus; analysts expect share price to rise
DBS believes group’s better-than-expected passenger yields are ‘a potential early sign of an inflection point’ [SINGAPORE] Singapore Airlines’ (SIA) third-quarter financial performance beat street estimates, with analysts seeing early signs of pricing recovery. The airline on Tuesday (Feb 24) posted a 25.9 per cent year-on-year improvement in operating profit to S$792 million for the quarter…
Read MoreSouth Korea approves first petrochemical restructuring deal as supply glut weighs
Published Wed, Feb 25, 2026 · 11:05 AM [SEOUL] South Korea’s industry ministry said on Wednesday (Feb 25) that it has approved the country’s first petrochemical industry restructuring project, offering a support package worth more than two trillion won (S$1.8 billion) to help companies weather a prolonged sector downturn. The ministry approved a plan submitted…
Read MoreUBS now sees private credit defaults reaching 15% in worst case
Published Wed, Feb 25, 2026 · 09:44 AM [WASHINGTON] A few weeks ago, analysts at UBS Group laid out a worst-case scenario for defaults in the private credit sector. Their outlook is even more grim now. Strategists, including Matthew Mish, now say private credit could see default rates surge as high as 15 per cent,…
Read MoreSoftware maker WiseTech to cut 30% of workforce in AI shift
Published Wed, Feb 25, 2026 · 09:02 AM [SYDNEY] WiseTech Global plans to cut about 2,000 jobs, almost 30 per cent of the workforce, under an AI-driven revamp, crystallising efficiencies from artificial intelligence (AI) that are upending the global software industry. “I am prepared to say this clearly: the era of manually writing code…
Read MoreChina has not yet received any Nvidia H200 chips, US official says
For now, shipments of the chips remain stalled over guardrails built into the process Published Wed, Feb 25, 2026 · 07:40 AM [WASHINGTON] None of Nvidia’s second-most advanced artificial intelligence (AI) chips, known as the H200, have been sold yet to Chinese customers, a US Commerce Department official said on Tuesday (Feb 24). “My understanding…
Read MoreFirmer palm oil prices lift SGX agri stocks ahead of H2 results, but Indonesia risks cloud outlook
Market watchers expect the strong streak from earlier in FY2025 to continue, but individual companies face potential downside risks [SINGAPORE] The tightening global supply of crude palm oil (CPO) likely boosted Singapore-listed agriculture players for the second half and fourth quarter of the 2025 financial year, but investors remain wary as Indonesia’s shifting regulations and…
Read MoreUS stocks: Wall Street bounces back, ending higher on renewed tech vigor, easing AI concerns
Published Wed, Feb 25, 2026 · 05:47 AM [NEW YORK] Wall Street closed higher on Tuesday, with tech stocks leading the charge as renewed enthusiasm for artificial intelligence offset concerns over potential disruptions caused by the nascent technology. Speculation regarding AI’s possible impact on a wide variety of sectors has prompted oversized moves in stocks and indexes in recent…
Read MoreDelfi, with H2 2025 net profit up 46.3%, proposes dividend of US$0.0172 a share
[SINGAPORE] CHOCOLATE confectionery company Delfi on Tuesday (Feb 24) posted a net profit of US$21 million for the six months ended Dec 31, 2025, marking a 46.3 per cent increase from the US$14.4 million booked for the corresponding year-ago period. This came despite a 0.5 per cent decrease in revenue to US$240.5 million in H2…
Read MoreWall St muted after Anthropic announces new AI tools
Published Tue, Feb 24, 2026 · 10:44 PM [NEW YORK] Wall Street’s main indexes were subdued on Tuesday (Feb 24) as investors assessed Anthropic’s announcement of new AI tools, including plug-ins that could help with investment banking tasks, private equity, engineering and design. Anthropic unveiled 10 new ways for business customers to plug in its…
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