Posts by Liam Redmond
China still backs overseas coal plants despite 2021 pledge, research shows
[SINGAPORE] Chinese firms are still building new coal-fired power plants in Indonesia despite a 2021 pledge to stop financing coal projects overseas, according to an analysis of energy investments in Brics countries released on Tuesday. China is involved in constructing 7.7 gigawatts of new coal-fired power, mostly plants used to run nickel smelters in Indonesia,…
Read MoreAsia: Markets rise as traders gear up for earnings, key jobs data
[HONG KONG] Markets edged up on Tuesday after a largely positive day on Wall Street with investors eyeing a busy week of data and earnings releases that could provide clues about the effects of Donald Trump’s trade policies. A month that started with the explosion of the US president’s “Liberation Day” tariffs on April 2…
Read MoreKristin Cavallari proudly shows off plastic surgery in lace-up bustier at Stagecoach 2025
Kristin Cavallari proudly flaunted her cleavage in a black lace-up bustier while attending the 2025 Stagecoach music festival. The “Laguna Beach” alum took to Instagram Monday to show off her curves in the revealing top, which she paired with denim shorts and black knee-high boots. She accessorized the outfit with layered silver necklaces, hoop earrings…
Read MoreAmara surges 27% to intra-month high on privatisation offer
The S$0.895 offer represents a 33% premium over the company’s net asset value per share as at end-December 2024 [SINGAPORE] Shares of hotel group Amara soared shortly after the market opened on Tuesday (Apr 29), after news broke on Monday that it received a voluntary conditional general offer at S$0.895 apiece. The counter hit an…
Read MoreAmara surges 27% to all-time high on privatisation offer
The S$0.895 offer represents a 33% premium over the company’s net asset value per share as at end-December 2024 [SINGAPORE] Shares of hotel group Amara soared shortly after the market opened on Tuesday (Apr 29), after news broke on Monday that it received a voluntary conditional general offer at S$0.895 apiece. The counter hit an…
Read MoreAustralian, New Zealand dollars make the most of US tariff tangle
[SYDNEY] The Australian and New Zealand dollars were making another attempt at topside resistance on Tuesday as conflicting comments over White House tariff policies undermined confidence in their US counterpart. Markets were jolted when US Treasury Secretary Scott Bessent said it was up to China to “de-escalate” the trade war, a reversal from last week…
Read MoreChina’s CICC eyes Middle East, South-east Asia in global push
[NEW YORK] China International Capital Corporation (CICC), one of the nation’s largest brokerages, is seeking to tap the growing demand for cross-border financial services in the Persian Gulf and South-east Asia as the firm pushes its global expansion. Beijing-based CICC is gearing up to open a new branch in Dubai to target sovereign wealth funds…
Read MoreExclusive | Boxing champ Oleksandr Usyk urges Trump to ‘open eyes’ over war in Ukraine: ‘This is my territory, the territory of my country’
Any peace deal that would force Ukraine to give up territory to Russia is “bulls–t,” heavyweight world champion Oleksandr Usyk told Piers Morgan in a recent interview. Usyk, a Ukrainian native whose home in Bucha – on the outskirts of Kyiv, was destroyed by Russian forces shortly after the February 2022 invasion, had strong words…
Read MoreTrump to tout US investments from Nvidia, J&J, Hyundai, Toyota
[WASHINGTON] CEOs and senior executives from Nvidia, Johnson & Johnson, Hyundai Motor, Toyota Motor, and SoftBank Group are among the more than two-dozen business leaders slated to visit the White House on Wednesday for an event highlighting US investments, officials told Reuters. President Donald Trump plans to promote a broad range of investments in the…
Read MoreUOI Q1 profit before tax dips 3% to S$7.8 million on lower non-underwriting income
The fall is attributed to lower non-underwriting income, which dropped 12% to S$3.7 million [SINGAPORE] United Overseas Insurance (UOI), the general insurance arm of UOB, posted a profit before tax of S$7.8 million for the first quarter of FY2025, down 3 per cent from the S$8 million logged in the previous corresponding period. The fall…
Read MoreFrasers Centrepoint Trust posts 0.5% rise in H1 DPU to S$0.06054
[SINGAPORE] Frasers Centrepoint Trust (FCT) on Tuesday (Apr 29) posted a 0.5 per cent increase in distribution per unit (DPU) for the first half ended Mar 31 to S$0.06054, from S$0.06022 in the same period a year before. The DPU for H1 2025 will be paid on May 30, said the manager. On Mar 25,…
Read MorePirelli asserts independence from China’s Sinochem as it seeks US expansion
[MILAN] Italy’s Pirelli said on Monday (Apr 28) that the government’s “golden powers” in the company meant it was no longer controlled by China’s Sinochem , in a move that might make it easier for the tyre maker to expand in the United States. Pirelli’s Chinese and Italian shareholders have been at odds over the…
Read More