Posts by Liam Redmond
Japan 40-year bond auction sees weakest demand ratio since 2011
The sale comes after Japanese Prime Minister Shigeru Ishiba’s ruling coalition failed to win a majority in the upper house at a vote on Sunday Published Wed, Jul 23, 2025 · 12:29 PM [TOKYO] Japan’s 40-year government bond auction saw its weakest demand since 2011 amid concerns over government spending and after the US and…
Read MoreIndonesian oil giant Chandra Asri buys 11.9% stake in Hiap Seng Industries; shares up 58.3%
Future partnerships between both companies could be on the horizon, says Hiap Seng Industries [SINGAPORE] Indonesian petrochemical producer Chandra Asri has purchased an 11.9 per cent stake in the shares of Hiap Seng Industries and is now its newly-minted substantial shareholder. As at 11.54 am, shares of Hiap Seng Industries were 58.3 per cent up,…
Read MoreHiap Seng shares soar 75% after Indonesian oil giant Chandra Asri buys an 11.9% stake in firm
Future partnerships between both companies could be on the horizon, says Hiap Seng Industries [SINGAPORE] Indonesian petrochemical producer Chandra Asri has purchased an 11.9 per cent stake in Hiap Seng Industries, giving it a substantial stake in the steel fabrication service provider. News of the purchase on Wednesday (Jul 23) sent Hiap Seng shares soaring…
Read MoreHiap Seng shares soar 75% after Indonesian oil giant Chandra Asri buys 11.9% stake
Shares end Wednesday at multi-year high of S$0.021; future partnership between both companies could be on the horizon, says Hiap Seng CEO Max Tan [SINGAPORE] Indonesian petrochemical producer Chandra Asri has purchased an 11.9 per cent stake in Hiap Seng Industries, giving it a substantial stake in the steel fabrication service provider. Hiap Seng shares…
Read MoreMelina Frattolin, 9, mourned by upstate NY community where she was visiting when murdered: ‘She will be one of us’
TICONDEROGA, NY — Hundreds of locals from the close-knit upstate community where 9-year-old Melina Frattolin was allegedly murdered by her father mourned the little girl in a heartbreaking vigil Tuesday. “If this is going to be the resting place where he left her, this is going to be her community now,” Bridgette Cruz, a mom…
Read MoreMorgan Stanley faces Finra probe on client-vetting: report
The firm has been working on fixing its client-screening practices after the US Federal Reserve for years raised concerns about risk-management controls in the firm’s wealth-management unit Published Wed, Jul 23, 2025 · 11:31 AM [SYDNEY] Morgan Stanley is being probed by the Financial Industry Regulatory Authority (Finra) over its vetting of clients for risk…
Read MoreAsian local-currency bond sales reach record on risks to US dollar
[CHICAGO] US President Donald Trump’s unpredictable policy moves are driving investor demand for Asian local-currency bonds, spurring fresh interest in the region. Companies and non-sovereign issuers in Asia-Pacific have sold about US$1.5 trillion in bonds so far in 2025 in the region’s currencies, a 6 per cent rise and a record for this period, according…
Read MoreChinese hackers exploit Microsoft flaws, US nuclear agency hit
[NEW YORK] Microsoft warned that Chinese state-sponsored hackers are among those exploiting flaws in its SharePoint software to break into institutions globally, with the US agency responsible for designing nuclear weapons now among those breached. In a blog post, the tech giant identified two groups supported by the Chinese government, Linen Typhoon and Violet Typhoon,…
Read MoreBOJ’s Uchida warns of downside risks to economy on trade uncertainty
[KOCHI, Japan] Bank of Japan Deputy Governor Shinichi Uchida said risks to economic activity and prices were skewed to the downside due to “extremely high” uncertainty over trade policy, even as he reiterated the central bank’s readiness to proceed with further interest rate hikes. Uchida’s remarks came hours after US President Donald Trump announced a trade…
Read MoreChina shuns low-grade coal from Indonesia as imports collapse
[BEIJING] Indonesia bore the brunt of a sharp fall in China’s coal imports last month, underscoring how Chinese power plants have shifted away from lower-quality fuel due to persistent domestic oversupply. China’s coal purchases in June plunged 26 per cent from last year to 33 million tonnes, the least since February 2023. The decline was…
Read MoreRBA seen cutting three more times by early 2026, matching market
[SYDNEY] Economists expect Australia’s central bank will deliver three more interest-rate cuts by early 2026, up from two seen previously, bringing their outlook into line with money market pricing. The Reserve Bank of Australia (RBA) will take its cash rate to 3.1 per cent in the first quarter of 2026, from 3.85 per cent now,…
Read MoreDFI Retail Group jumps 12.7% to three-year high on H1 profit growth
[SINGAPORE] Shares of DFI Retail Group hit its highest price in more than three years on Wednesday (Jul 23), after the supermarket and retail store operator posted higher underlying profit for the first half. As at 9.02 am, the counter rose to an intra-day high of US$3.56 in early trade, with around 837,000 shares changing…
Read More