Posts by Liam Redmond
Yen climbs to seven-month high on hawkish BOJ bets
Published Tue, Sep 8, 2026 · 09:01 PM [LONDON] The Japanese yen climbed to a near seven-month high on Tuesday (Sep 8), as growing expectations of a Bank of Japan (BOJ) rate hike next week sent bearish traders scurrying for cover, putting pressure on the dollar ahead of US inflation data this week. The yen…
Read MoreGE to buy Consolidated Precision Products for US$11.75 billion
Published Tue, Sep 8, 2026 · 08:49 PM [WASHINGTON] GE Aerospace agreed to buy castings manufacturer Consolidated Precision Products from Warburg Pincus and Berkshire Partners for US$11.75 billion, a deal that will significantly expand its production footprint for the critical components. The purchase of closely held CPP will be funded by US$7 billion in cash…
Read MoreGE to buy Consolidated Precision Products for US$11.75 billion
Published Tue, Sep 8, 2026 · 08:49 PM [WASHINGTON] GE Aerospace agreed to buy castings manufacturer Consolidated Precision Products from Warburg Pincus and Berkshire Partners for US$11.75 billion, a deal that will significantly expand its production footprint for the critical components. The purchase of closely held CPP will be funded by US$7 billion in cash…
Read MoreAir India investment funded internally, represents long-term strategic commitment: SIA
The airline says its financial position is ‘one of the strongest’ in the industry [SINGAPORE] Singapore Airlines’ (SIA) investments in India are funded through the airline’s internal resources, and will continue to be so, as a long-term strategic commitment, an SIA spokesperson said on Tuesday (Sep 8). This follows a 20-minute exchange in Parliament between…
Read MoreMapletree Logistics Trust to sell Australian logistics property for US$20.2 million
The sale price is 3.7% above the asset’s latest valuation of A$27 million, or US$19.5 million [SINGAPORE] Mapletree Logistics Trust (MLT) has agreed to sell a vacant logistics property in Derrimut, Victoria, for A$28 million (US$20.2 million), the trust manager said in a bourse filing on Tuesday (Sep 8). The proposed sale of 365 Fitzgerald…
Read MoreSingapore shares fall on Tuesday amid regional slump; STI down 0.4%
Published Tue, Sep 8, 2026 · 06:45 PM [SINGAPORE] Singapore stocks ended lower on Tuesday (Sep 8). The benchmark Straits Times Index (STI) lost 0.4 per cent or 24.83 points to finish at 5,767.45. Yangzijiang Shipbuilding led the gainers on Singapore’s blue-chip index, rising 4 per cent or S$0.20 to S$5.14. The worst performer among…
Read MoreMalaysia’s data centres guzzling more power as temperatures soar
Published Tue, Sep 8, 2026 · 05:31 PM [KUALA LUMPUR] Malaysia’s data centres are consuming more power as temperatures rise, leaving a 9 gigawatt gas-fired capacity gap for the government to fill by 2032, officials said on Tuesday (Sep 8). The share of data centres in overall power consumption surged to a record 9.3 per…
Read MoreChina’s car exports stay strong in August but domestic sales decline more
Passenger vehicle exports jumped 77.5% from a year earlier to 894,000 units in August Published Tue, Sep 8, 2026 · 04:09 PM [BEIJING] China’s car exports stayed robust in August as BYD and other automakers shipped a record number of vehicles overseas, in sharp contrast to a sluggish domestic market where their sales fell for…
Read MoreSingapore construction firms brace for potential disruptions as haze risk lingers
Companies are re-sequencing their construction timelines and shifting manpower deployment [SINGAPORE] Construction and real estate firms in Singapore are preparing for possible productivity hits and work disruptions after the city-state’s air quality deteriorated to unhealthy levels for the first time in nearly three years. While the Pollutant Standards Index (PSI) eased to a moderate 69…
Read MoreSingapore tables Digital Infrastructure Bill following industry feedback, pledges to streamline implementation
Existing data centre facilities will be given time to transition to energy-efficient requirements. [SINGAPORE] The Singapore government tabled a bill to regulate data centres and cloud service providers, after respondents to an earlier public consultation sought greater clarity on its licensing regimes and implementation timeline. The Digital Infrastructure Bill was presented for First Reading by…
Read MoreAsian stocks edge lower as yen, South Korea’s Kospi advance
The MSCI Asia-Pacific Index of regional equities drops 0.2% as gauges in Japan and Australia fall Published Tue, Sep 8, 2026 · 11:15 AM ASIAN stock markets opened mostly lower as Middle East tensions pushed up oil prices, adding to inflation concerns and keeping investors wary about further monetary policy tightening. The yen advanced to…
Read MoreJapan, US remain aligned on FX policy to foster stable markets, Katayama says
Published Tue, Sep 8, 2026 · 11:11 AM [TOKYO] Japanese Finance Minister Satsuki Katayama said on Tuesday (Sep 8) that Tokyo and Washington remain aligned in their approach to currency markets and will continue close communication to ensure orderly foreign exchange movements. “Our policy stance has not changed at all since the Japan-US coordinated intervention…
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