Posts by Liam Redmond
South 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…
Read MoreAMD clinches second mega chip supply deal, this time with Meta
Published Tue, Feb 24, 2026 · 10:42 PM [SAN FRANCISCO] Advanced Micro Devices (AMD) said on Tuesday (Feb 24) it has agreed to sell up to US$60 billion worth of artificial intelligence chips to Meta Platforms over five years in a deal that allows the Facebook owner to purchase as much as 10 per cent…
Read MoreTata defers call on chairman’s term, signalling new power tussle
The deferment follows a difference of opinion among the board of directors regarding financial losses in some business units Published Tue, Feb 24, 2026 · 10:11 PM [NEW DELHI] The board of Tata Sons deferred a decision on granting a third term to chairman Natarajan Chandrasekaran, people familiar said, in the latest sign that another…
Read MoreHo Bee Land posts 50% fall in H2 net profit to S$50.4 million
The decline follows the deconsolidation of Elementum, decreased rental income and lower settlements of development properties [SINGAPORE] Real estate developer Ho Bee Land on Tuesday (Feb 24) reported a 50 per cent decline in its net profit for the second half of its financial year ended Dec 31, 2025, to S$50.4 million, from S$100.7 million…
Read MoreApple to roll out Made in America Mac mini as part of Trump spend push
Published Tue, Feb 24, 2026 · 07:50 PM [LOS ANGELES] Apple on Tuesday (Feb 24) said it will start building Mac mini desktop computers in Houston later this year, part of a push to do more manufacturing in the US. The company said the assembly would take place at the same site where it last…
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