Posts by Liam Redmond
Singapore court places iron ore trader Radiant World under judicial management by KPMG
Mizuho Bank has accused the trader of an alleged fraud linked to iron ore receivables Published Thu, Sep 24, 2026 · 07:44 PM A SINGAPORE court appointed KPMG restructuring executives to take control of Radiant World on Thursday (Sep 24), granting an application by creditor Mizuho Bank, which has accused the trader of an alleged…
Read MoreFour more class action cases against Teo Siong Seng’s Singamas, other alleged container cartel members
None name Teo and the executives of the other alleged cartel members as defendants, unlike earlier suits [SINGAPORE] Four more class action lawsuits have been filed against shipping magnate Teo Siong Seng’s Singamas Container Holdings and the three Chinese container manufacturers that have been charged by the United States over alleged anti-trust acts. However, none…
Read MoreFormer Sembcorp Marine CEO Wong Weng Sun acquitted of charges in Brazil corruption case
[SINGAPORE] Former Sembcorp Marine president and CEO Wong Weng Sun has been acquitted of all six criminal charges brought against him over the company’s former operations in Brazil. The acquittal came after prosecutors decided to issue Wong a stern warning in lieu of prosecution, following a review that took into account the dismissal of related…
Read MoreEx-Sembcorp Marine CEO Wong Weng Sun acquitted of charges in Brazil corruption case
[SINGAPORE] Former Sembcorp Marine president and CEO Wong Weng Sun and former Jurong Shipyard senior general manager Lee Fook Kang have been acquitted of all charges against them over alleged corruption linked to Sembcorp Marine’s Brazil business, the Attorney-General’s Chambers (AGC) said. The acquittals came after prosecutors decided to issue both men stern warnings in…
Read MoreFar-right UK activist arrested after migrant dinghy slashed in the English Channel
A far-right activist who has led protests against migrants crossing the English Channel in small boats has been arrested for allegedly slashing a dinghy in the water. A video posted on social media appears to show Daniel Thomas, 37, taking a knife to an inflatable boat, which was empty of migrants but had a rescue…
Read MoreSingapore stocks end 0.5% lower ahead of Trump-Xi summit
Within the iEdge Singapore Next 50 Index, First Resources is the top gainer, climbing 5% to S$4.66 Published Thu, Sep 24, 2026 · 06:21 PM [SINGAPORE] Singapore stocks ended lower on Thursday (Sep 24), as regional markets turned in a mixed performance ahead of a closely watched meeting between US President Donald Trump and Chinese…
Read MoreSaudis ease Asia oil crunch with 100-million-barrel sales flurry
Aramco offering to manage logistics and transport the crude all the way to Asian customers Published Thu, Sep 24, 2026 · 06:07 PM SAUDI Arabia has sold almost 100 million barrels of oil to Asian buyers since the middle of last week, according to traders familiar with the matter, helping to avert a looming supply…
Read MoreCSE Global secures two US electrification contracts worth US$150 million
[SINGAPORE] Systems integrator CSE Global has secured two electrification contracts in the United States worth a combined US$150 million, the company said on Thursday (Sep 24). The first contract involves the design and manufacture of power distribution centres (PDCs), alongside the integration of complex electrical and control systems for the US liquefied natural gas (LNG)…
Read MoreMamdani’s latest move will let homeless encampments flourish
Get set to see more homeless camps lasting longer now that Mayor Zohran Mamdani has told the NYPD “hands off.” City Hall sent out word Tuesday: Police may no longer even respond to complaints about homeless encampments. Yep: Though unsightly, unhygienic and completely illegal, those clots of cardboard boxes, sofa pillows, broken office chairs and…
Read MoreTumbling global government bonds puts yields on brink of 4%, highest level in nearly 20 years
Global government bonds have lost around 2.4% in 2026, compared with a 6.8% gain in 2025 Published Thu, Sep 24, 2026 · 05:05 PM A WORSENING bond sell-off is pushing the average yield on global government debt to within a whisker of 4 per cent, a level not seen since 2007. Yields on Bloomberg’s Global…
Read MoreLong Island Sound shows signs of a comeback as water quality continues to improve
Billions of dollars in wastewater and infrastructure upgrades across Connecticut and New York appear to be paying off, with a new report finding continued improvements in the water quality of the Long Island Sound. Save the Sound released its 2026 Long Island Sound Report Card, showing that water quality improved or remained stable across all…
Read MoreH&M profit beats estimates on tariff refunds and higher margins
Its operating profit rises to 6.04 billion kronor in the three months through August Published Thu, Sep 24, 2026 · 04:06 PM H&M REPORTED better-than-expected earnings as improved margins and refunds of US tariffs helped the Swedish fashion retailer offset a modest growth in sales. Hennes & Mauritz’s operating profit rose to 6.04 billion kronor…
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