Posts by Liam Redmond
Geo Energy expects ‘substantial’ rise in Q3 net profit; shares up 8%
It projects higher sales volumes, selling prices, logistics cost savings from Indonesian unit Marga Bara Jaya [SINGAPORE] Integrated coal mining group Geo Energy Resources expects a “substantial increase” in third-quarter net profit due to higher sales volumes, higher selling prices and “significant” logistics cost savings from subsidiary Marga Bara Jaya (MBJ). Monday’s (Sep 28) profit…
Read MoreGeo Energy expects ‘substantial’ rise in Q3 net profit; shares up 9.7%
It projects higher sales volumes, selling prices, logistics cost savings from Indonesian unit Marga Bara Jaya [SINGAPORE] Integrated coal mining group Geo Energy Resources expects a “substantial increase” in third-quarter net profit due to higher sales volumes, higher selling prices and “significant” logistics cost savings from subsidiary Marga Bara Jaya (MBJ). Monday’s (Sep 28) profit…
Read MoreVietnam jewellery giant PNJ forecasts loss after diamond scandal
The firm faces financial fallout after a smuggling probe shook confidence in the diamond trade Published Mon, Sep 28, 2026 · 12:13 PM PHU NHUAN Jewelry (PNJ), Vietnam’s largest listed jewellery retailer, plans to slash its 2026 revenue target and forecasts a 6.27 trillion dong (US$241 million) loss as it sets aside a huge provision…
Read MoreMTV VMAs 2026 red carpet: Taylor Swift, LISA & more
The MTV Video Music Awards honors the best music videos of the year! So to step up to the occasion, the biggest A-listers in the music industry make an appearance in their best looks. Stars such as Taylor Swift, LISA, Paris Hilton and more walked the red carpet before going into the Peacock Theater in…
Read MoreBank of Japan debated need for faster rate hikes, July minutes show
Published Mon, Sep 28, 2026 · 11:03 AM [TOKYO] Many Bank of Japan policymakers saw the need to focus on mounting inflation risks, with some calling for faster interest rate increases, minutes of their July meeting showed, cementing the case for further hikes to still-low borrowing costs. After raising interest rates in June, the central bank paused…
Read MoreMax Scherzer fights manager off the mound after pushing himself to limit in possible final MLB start
If that was the end for Max Scherzer, he went out exactly how you’d expect. The 42-year-old three-time Cy Young winner emptied the tank in what could have been the final start of his Hall of Fame career Sunday, throwing 114 pitches over seven innings in the Toronto Blue Jays’ 5-1 win over the Cincinnati…
Read MoreCDL shares dip 8.1% after strategic review release
[SINGAPORE] Shareholders took a negative view of City Developments Ltd’s (CDL) strategic review reveal on Monday (Sep 28). The counter fell 5.7 per cent by midday and later closed 8.1 per cent down at S$7.59, having retreated S$0.67 over the day with nearly 12 million shares worth S$92.9 million changing hands. The property giant said…
Read MoreGeely to acquire 30% of Nio’s power unit as part of battery swapping, charging business deals
[SINGAPORE] A 30 per cent stake of Chinese electric vehicle giant Nio’s power unit will be acquired by a subsidiary of fellow EV company Geely. This is part of a number of agreements relating to battery swapping and charging businesses. As part of this transaction, Geely will also offer a 100 per cent equity interest…
Read MoreAEW star Pac dead at 40 one day after final match
Benjamin Satterley, who performed as Pac in All Elite Wrestling, has died at the age of 40, the company announced Sunday night. Satterley had his final match at the All Out pay-per-view against AEW national champion Andrade at the NOW Arena in Chicago on Saturday night. Benjamin Satterley, aka Pac. died Sunday at the age…
Read MoreStoneweg E-Reit proposes internalisation of Reit manager
It will be done at a consideration of 94 million euros, excluding third-party co-investment stakes [SINGAPORE] The manager of Stoneweg E-Reit (Sert) on Monday (Sep 28) said it has proposed the internalisation of the Reit manager, the business trust’s trustee-manager, and the logistics and light industrial asset management and property management platform. It will be…
Read MoreVenture capital leads Apac private-market returns in Q2: MSCI
[SINGAPORE] Venture capital (VC) led the Asia-Pacific (Apac) private-market returns in the second quarter of 2026, even as infrastructure outperformed its global peers, according to index provider MSCI. Apac VC returned 6.7 per cent in Q2, making it the region’s best-performing private-capital strategy in MSCI’s quarterly snapshot. The return was a jump from 3.7 per…
Read MoreGold declines as Hormuz impasse keeps rate hike bets elevated
Published Mon, Sep 28, 2026 · 08:57 AM [SINGAPORE] Gold dropped – following a weekly decline – as an impasse over the Strait of Hormuz kept energy costs elevated and maintained pressure on the US Federal Reserve to raise interest rates further to combat sticky inflation. Bullion was trading around US$4,265 an ounce, after ending…
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