Posts by Liam Redmond
Ultra-rare metal rides AI boom as commodities star performer
[SINGAPORE] Thanks to the boom in artificial intelligence (AI), an ultra-rare element you have probably never heard of is one of this year’s best-performing raw materials. Ruthenium, a silvery grey mineral, has eclipsed the headline-grabbing rallies in other commodities such as gold and silver by nearly doubling in price over the past year to US$800…
Read MoreWarburg Pincus-backed data centre operator Princeton Digital bags US$1.3 billion from Stonepeak
[SINGAPORE] Warbug Pincus-backed Princeton Digital Group announced on Friday (Jul 18) that it secured US$1.3 billion in funding from Stonepeak, a New-York based alternative investment firm specialising in infrastructure and real assets. Princeton Digital is a Singapore-headquartered data centre operator, with a portfolio of more than 1.1 gigawatts across 20 data centres in Singapore, Japan,…
Read MoreBHP delays Jansen potash project as costs surge; logs record copper output
[BENGALURU] BHP Group flagged delays and cost overruns of about 30 per cent for its key Jansen Stage 1 potash project on Friday (Jul 18), even as the miner reported record annual copper production above two million metric tonnes (Mt) and warned of a decline next year. The cost blowouts that could be up to…
Read MoreThe key questions facing Mets in second half of season
Here are the pressing questions facing the Mets as the unofficial start of the second half of the season is set to begin Friday: What do they do before the July 31 trade deadline? Significant injuries to A.J. Minter, Dedniel Núñez and Max Kranick have left a taxed bullpen even more depleted, so expect some…
Read MoreDBS shares rally to a new record as STI clocks yet another high
[SINGAPORE] DBS shares hit a new high on Friday (Jul 18) morning, bringing the Straits Times Index (STI) to a fifth consecutive record in intraday trade this week. As at 9.04 am, DBS hit S$47.05, 0.8 per cent or S$0.37 above its Thursday closing price of S$46.68, with 620,800 shares changing hands. By 11.31 am,…
Read MoreSeven & i risks becoming buyout target again if turnaround fails
[TOKYO] Even after fending off Alimentation Couche-Tard’s unsolicited 6.77 trillion yen (S$58.5 billion) takeover approach, Seven & i Holdings remains a buyout target in the eyes of some investors, who say new suitors may emerge unless the operator of 7-Eleven convenience stores turns around its business. “If the stock price drops significantly, there might be…
Read MoreCouche-Tard’s failed bid for Seven & i sparks debate over Japan
[TOKYO] Alimentation Couche-Tard’s decision to walk away in frustration from an attempted acquisition of Seven & i Holdings set off a debate in Tokyo as to what lessons foreign companies with ambitions for M&A should draw. The bid was audacious from the start. 7-Eleven convenience stores have one of Japan’s most recognisable brands and a…
Read MoreFed’s Waller wants July interest rate cut amid rising growth, job market risks
[NEW YORK] Federal Reserve governor Christopher Waller said on Thursday (Jul 17) that he continues to believe the US central bank should cut interest rates at the end of this month amid mounting risks to the economy and the strong likelihood that tariff-induced inflation will not drive a persistent rise in price pressures. “It makes…
Read MoreK’Andre Miller offers heartfelt goodbye to Rangers fans after trade
K’Andre Miller gave a heartfelt goodbye message to New York Rangers fans on Thursday. The defenseman, traded to the Hurricanes earlier this offseason, made sure to thank everyone who helped him at his first stop of his career. In the message, Miller addressed the many people who helped him during his time on the Rangers…
Read MoreUS set to impose 93.5% duty on China battery material
[NEW YORK] The US Commerce Department imposed preliminary anti-dumping duties of 93.5 per cent on Chinese imports of graphite, a key battery component, after concluding the materials had been unfairly subsidised. A trade association representing US graphite producers in December filed petitions with two federal agencies, asking for investigations into whether Chinese companies were violating…
Read MoreFood Empire, AirAsia partner to launch ready-to-drink beverages
It will kick-off with a Vietnamese iced coffee product that will be sold on flights of the airline [SINGAPORE] Food Empire will collaborate with low-cost airline AirAsia to co-develop and launch a new range of ready-to-drink beverages. The collaboration was formalised with a memorandum of understanding signed between Food Empire’s subsidiary Empire International and AirAsia…
Read MoreChina threatens to block Panama ports deal unless its shipping giant gets stake: report
Chinese officials have told BlackRock, MSC and Hutchison that if Cosco is left out of the deal, Beijing would take steps to block Hutchison’s proposed sale of the ports Published Fri, Jul 18, 2025 · 09:01 AM [BENGALURU] China is threatening to block the sale of more than 40 ports, owned by Hong Kong-based CK…
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