Posts by Liam Redmond
Sinopec deepens aviation fuel push with CNAF restructuring
Published Mon, Jul 13, 2026 · 03:57 PM [BEIJING] China’s Sinopec said it had completed the restructuring of China National Aviation Fuel (CNAF), the country’s dominant jet fuel distributor, according to a company statement on Friday (July 10). Sinopec, China’s biggest refiner by capacity, said the restructuring of CNAF would strengthen China’s aviation fuel supply…
Read MoreSK Hynix plunges after Nasdaq debut amid profit-taking, diminishing earnings optimism
Published Mon, Jul 13, 2026 · 03:39 PM [SEOUL] SK Hynix shares fell more than 15 per cent in trading on Monday (Jul 13), its biggest one-day decline on record, as investors in Seoul cashed out of a scorching share price rally following its Nasdaq debut on Jul 9. The declines in SK Hynix’s shares,…
Read MoreShips pass through Hormuz in secret as US and Iran exchange tit-for-tat attacks
Observable crossings taking the US-supported southern corridor along the Omani coast have ground to a complete halt Published Mon, Jul 13, 2026 · 02:07 PM A STEADY stream of ships have passed through the Strait of Hormuz in secret in recent days, while observable traffic has dwindled, following the resumption of fighting between the US…
Read MoreKeppel secures deal for final Bifrost cable pair; total contracts value hits US$1.3 billion
The project will generate an internal rate of return of about 30% for the asset manager and its private fund investors [SINGAPORE] Asset manager Keppel on Monday (Jul 13) said it has inked an indefeasible right of use agreement with a global hyperscaler for the fifth fibre pair on the Bifrost Cable System, via the…
Read MoreIran isn’t the only conflict vexing the global oil market
Even as crude prices ease, prices of refined petroleum products remain elevated amid escalating Russia-Ukraine war tensions [LONDON] The end of the Iran war, despite all the ups and downs in the ceasefire talks, has solved one oil problem. The price of crude has fallen to less than US$75 a barrel, roughly where it was…
Read MoreChina is supercharging a rooftop solar boom in the Philippines
The South-east Asian nation has become China’s single biggest overseas market for solar panels for the first time in 2026 [SINGAPORE] In a shopping mall in the southern Philippine city of Davao on a recent weekday afternoon, more than 700 people jostled for position. Some drove as long as nine hours to make the event, dedication more commonly seen…
Read MoreOpenAI, Meta, SpaceXAI compete for more cost-efficient AI models
The renewed emphasis on cost comes as business customers scrutinising AI spending Published Mon, Jul 13, 2026 · 09:57 AM [NEW YORK] Three prominent artificial intelligence developers released new models over the past week. They all promise to be more advanced, but their biggest immediate selling point may not be what they can do but…
Read MoreNippon Paint said to offer US$8.6 billion for Akzo Nobel paint arm
The bid comes a month after Nippon and Sherwin-Williams ended a joint bid for the Dutch paint maker Published Mon, Jul 13, 2026 · 09:31 AM NIPPON Paint Holdings has made multiple offers for Akzo Nobel NV’s decorative paints business in the past month, according to people with knowledge of the matter. The Tokyo-listed group made its first…
Read MoreGold declines as renewed US-Iran strikes fuel Fed rate-hike bets
Minutes of the Fed’s June meeting showed a few policymakers saw a case for raising rates Published Mon, Jul 13, 2026 · 08:25 AM GOLD declined after the US and Iran exchanged strikes over the weekend of Jul 11 and 12, sending energy prices higher and once more raising the prospects for interest-rate hikes to…
Read MoreSingapore, Hong Kong IPO rebound set to continue into H2 2026, but risks remain
The cities are reinforcing their roles as Asia’s leading capital-raising hubs as listing activity gathers pace [SINGAPORE] A revival in initial public offerings in Singapore and Hong Kong is expected to extend into the second half of 2026, as regulatory reforms and improving market liquidity sustain a strong recovery in listing activity. Singapore’s IPO market…
Read MoreMeta to put AI chip into production in September as it looks to double computing capacity: memo
Published Mon, Jul 13, 2026 · 05:54 AM [NEW YORK/SAN FRANCISCO] Meta Platforms plans to start manufacturing an artificial intelligence chip from September as part of its plan to boost overall computing power to 14 gigawatts next year, showed an internal memo reviewed by Reuters. The tech firm’s data centre chip, code-named “Iris,” is part…
Read MoreNative Schools Reach Record Graduation Rates as Education Overhaul Looms
Graduation rates at Bureau of Indian Education-funded high schools reached a record 79% in 2025, up from 51% in 2015, federal officials announced, even as the ongoing dismantling of the US Department of Education raises concerns among tribal leaders about the agency’s future stability. The Interior Department credited the gains to accountability reforms, updated data…
Read More