Posts by Liam Redmond
DBS upgrades Singtel to ‘buy’ as Bharti Airtel gets valuation boost with upcoming industry tailwind
[SINGAPORE] Singtel has been upgraded from “hold” to a “buy” rating by DBS Research, following a higher valuation of the group’s India-listed Bharti Airtel, in which Singtel holds a 27.5 per cent stake. In a report on Tuesday (May 26), DBS also raised its 12-month target price for the telco by about 1.9 per cent…
Read MoreAustralian shares retreat to 1-week closing low on fresh US-Iran flare-up
Published Thu, May 28, 2026 · 03:20 PM [SYDNEY] Australian shares closed at their lowest in a week on Thursday (May 28), with most sectors finishing in the red, after fresh US military strikes on Iran clouded the possibility of an imminent peace deal in the Gulf, denting investor risk appetite. The S&P/ASX 200 index…
Read MoreByteDance developing custom CPU chips to support AI roll-out: sources
Published Thu, May 28, 2026 · 02:46 PM [BEIJING/PARIS] Chinese technology giant ByteDance is developing its own central processing units (CPUs) to support its growing AI infrastructure needs, three people familiar with the matter said, as surging chip prices and prolonged supply shortages constrain its expansion plans. The move underscores the industry’s rapid shift towards…
Read MoreNebraska K9 sniffs out 525 pounds of cocaine during routine traffic stop, leading to California man’s arrest
More than 500 pounds of suspected cocaine were discovered during a Nebraska traffic stop after a police K9 alerted troopers to the odor of a controlled substance coming from the vehicle, authorities said. The Nebraska State Patrol (NSP) said troopers arrested a suspect Wednesday after finding approximately 525 pounds of suspected cocaine and 9.3 grams of suspected…
Read MoreTeo Siong Seng to take leave of absence from Pacific International Lines and NUS in addition to SBF
He will not seek re-election as chair of Singapore Business Federation after his term ends in June [SINGAPORE] Shipping veteran Teo Siong Seng, who has been accused by the United States of colluding to fix the prices of dry containers, will take a leave of absence from his role as executive chairman and director of…
Read MoreMissouri concertgoer dies after being kicked in head by crowd surfer at rock festival
A Missouri school secretary died from head injuries she sustained when she was kicked in the head by a crowd surfer at a rock festival. Danielle Uskiwich, 28, died on Tuesday, 10 days after another concertgoer accidentally struck her in the head while listening to the rock band Sleep Theory perform at Pointfest in Maryland Heights,…
Read MoreWilmar says it has not received official notice of Indonesia probe into suspected export under-invoicing
The company’s shares are down 4% as at midday, after falling 10.5% in early trading on Thursday [SINGAPORE] Wilmar International said in a bourse filing on Thursday (May 28) that it has not received official notification of being under investigation by the Indonesian authorities for suspected under-invoicing and transfer-pricing of exports. The agribusiness giant added…
Read MoreCompetition watchdog clears SP Mobility’s acquisition of ChargEco
[SINGAPORE] The Competition and Consumer Commission of Singapore (CCS) has conditionally approved the proposed acquisition of ChargEco by SP Mobility, the competition watchdog announced on Thursday (May 28). The green light comes after SP Mobility offered a series of pricing and non-discriminatory commitments to address antitrust concerns. The watchdog had flagged potential risks following a…
Read MoreBat-wielding driver and dog terrorize shoppers in Santa Monica as city struggles to control crime crisis
Another violent scene unfolded near Santa Monica’s struggling Third Street Promenade over the weekend after a man threatened a Jewish couple with a baseball bat and antisemitic slurs before unleashing his dog on one of the victims in broad daylight. The chaos erupted around 5:30 p.m. Sunday near 3rd Street and Broadway, steps from the…
Read MoreChina’s auto industry is unlikely to return to ‘golden era’, Nio CEO says
A rebound in the domestic market has yet to materialise, despite the sector’s continued export strength Published Thu, May 28, 2026 · 12:21 PM [BEIJING] China’s auto industry has likely moved past its “golden era”, Nio chief executive William Li said on Thursday (May 28), as a downturn in domestic car sales extended into May.…
Read MoreAI boom fuels record US$14.5 billion in Taiwan tech firm borrowing
The borrowing volume is nearly double the US$7.5 billion the firms raised in the same period last year Published Thu, May 28, 2026 · 11:27 AM [HONG KONG] Taiwanese tech firms have completed a record US$14.5 billion of debt deals so far this year, as they race to secure financing to meet soaring demand for…
Read MoreHurricanes blank Canadiens to move game away from Stanley Cup Final
MONTREAL — Sebastian Aho, Jordan Staal and Logan Stankoven scored in a 2:47 span late in the first period and the Carolina Hurricanes moved within a victory of the Stanley Cup Final, beating the Montreal Canadiens 4-0 on Wednesday night. Frederik Andersen made 18 saves for his third shutout in 12 postseason games this year…
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