Posts by Liam Redmond
HSBC launches UAE asset management business to tap into wealth influx
The bank has focused its growth efforts on regions such as Asia and the Middle East [DUBAI] HSBC is opening an asset management business in the UAE and launching 10 onshore funds, it said on Monday (Jan 12), as the bank deepens its investment in the region and taps into an influx of wealth into…
Read MoreEurope and China’s feud over chips is reaching a breaking point
Since a Dutch court intervened in Nijmegen-based Nexperia’s ownership in October, the stand-off has threatened to disrupt car production in Europe and around the world [BEIJING] An effort by Europe to stand up to China and retain local technology is approaching a breaking point. In a fight over a critical link in the global supply…
Read MoreReturns generated by GIC, Temasek ‘reasonable and within expectations’: Jeffrey Siow
He says Temasek operates mainly as a ‘bottom-up investor’, while GIC’s mandate is to preserve the international purchasing power of the assets under its management [SINGAPORE] The returns generated by Singapore’s sovereign wealth fund GIC and state-owned investment company Temasek are “reasonable and within expectations” given their respective mandates and risk profiles, said Senior Minister…
Read MoreUS to host meeting on rare earths as China-Japan spat simmers
The discussions are expected to also include officials from Australia, South Korea, India, Mexico and the European Union THE US will host a gathering of Group of Seven (G7) ministers to discuss rare earths this week, underscoring the shared push to develop alternative supplies in an industry dominated by China. Canadian Finance Minister Francois-Philippe Champagne…
Read MoreAustralia to prioritise antimony, gallium, rare earths in A$1.2 billion reserve
[MELBOURNE] Australia will prioritise antimony, gallium and rare earth elements as part of its A$1.2 billion (S$1 billion) strategic reserve, it said on Monday (Jan 12), as its Treasurer Jim Chalmers prepares to join a G7 meeting to discuss critical minerals. Australia and several other countries are joining a meeting of finance ministers from the…
Read MoreTrump says he’s inclined to exclude ExxonMobil from Venezuela
Chevron is the only Western oil major to have continued operating in the country while Maduro was in charge [NEW YORK] US President Donald Trump signalled he’s leaning towards excluding ExxonMobil from his push for US oil majors to rebuild Venezuela’s petroleum industry, saying he was displeased with the company’s response to his initiative. “I’d…
Read MoreGold, silver notch record highs on safe-haven demand, Fed rate-cut bets
[BENGALURU] Gold broke through US$4,600/ounce for the first time on Monday (Jan 12), while silver also jumped to an all-time high, bolstered by geopolitical and economic uncertainties and growing bets of US interest rate cuts. Spot gold was up 1.5 per cent at US$4,478.79 per ounce, as at 9.27 am. Bullion hit a record high…
Read MoreInvest in 3 safe-haven assets as geopolitical tensions rise, the Singdollar is one: UOB
The bank identifies gold, the Japanese yen, and the Singapore unit as good defensive bets [SINGAPORE] Rising geopolitical risks are amplifying the need to hedge against risks, a UOB report said on Friday (Jan 9). The bank noted that the odds of global geopolitical risk events have “gotten even more real”, with 2026 shaping up…
Read MoreFed served with DOJ subpoenas, Powell vows to stand firm
Trump has also sought to fire the central bank governor Lisa Cook, another extraordinary step [WASHINGTON] US Federal Reserve chair Jerome Powell said that the US central bank had been served grand jury subpoenas from the Justice Department (DOJ) threatening a criminal indictment, a dramatic escalation of the Trump administration’s attacks on the Fed. In…
Read MoreStocks to watch: SGX, Nam Lee
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jan 12): Source link
Read MoreNam Lee’s Joanna Yong ceases to be chairman
The requisitioning shareholders’ rationale for the removal has yet to be announced [SINGAPORE] Shareholders of Nam Lee Pressed Metal Industries voted on Friday (Jan 9) to remove Joanna Yong as a director of the company, following a requisition by two substantial shareholders. At an extraordinary general meeting (EGM) held that morning, 67.6 per cent of…
Read MoreAustralian rare earths miner VHM scraps offtake deal with China’s Shenghe Resources
The Melbourne-headquartered firm has secured up to US$200 million in funding from the US Exim AUSTRALIAN rare earths miner VHM said on Monday (Jan 12) that it had terminated its offtake agreement with China’s Shenghe Resources for its Goschen rare earths project after conditions precedent to the deal were not met. Shares of VHM rose…
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