Posts by Liam Redmond
Wilmar International down 4% after Indonesian authorities seize 11.8 trillion rupiah from Wilmar Group in graft case
[SINGAPORE] Shares of Wilmar International fell on Wednesday (Jun 18) morning after Indonesian authorities seized 11.8 trillion rupiah (S$928 million) from its parent company Wilmar Group in a palm-oil graft case. As at 9.08 am, the counter was trading at S$2.89, down S$0.12 or around 4 per cent from Tuesday’s closing price of S$3.01, with 4.9…
Read MoreWilmar International down 4% after Jakarta’s seizure of 11.8 trillion rupiah from Wilmar Group in graft case
[SINGAPORE] The shares of Wilmar International fell on Wednesday (Jun 18) morning after the Indonesian authorities seized 11.8 trillion rupiah (S$928 million) from its parent company Wilmar Group in a palm-oil graft case. As at 9.08 am, the counter was trading at S$2.89, down S$0.12 or around 4 per cent from Tuesday’s closing price of S$3.01,…
Read MoreMorgan Stanley’s top Asia banker targets US$10 billion in revenue
[HONG KONG] Last month, as the US-China trade war heated up, Morgan Stanley’s co-president Dan Simkowitz made a discreet visit to Beijing. It was the first time a senior US executive from the bank had stepped foot in China in five years, and came days after a rare board meeting in Tokyo near the Imperial…
Read MoreYoung white men feel the need to ‘walk on eggshells’ and censor themselves at work — here’s why
It looks like the workplace is the new minefield — and young white men say they’re walking on eggshells. Nearly two in three white men aged 18 to 29 — around 12 million guys — feel the need to keep their mouths shut at work, too afraid to speak freely for fear of being canceled,…
Read MoreGold steady as Middle East tensions rise, Fed decision on tap
[BENGALURU] Gold prices held steady on Wednesday (Jun 18), as escalating tensions between Israel and Iran entered their sixth day, while a stronger US dollar capped gains ahead of the US Federal Reserve’s policy decision due later in the day. Spot gold was steady at US$3,386.59 an ounce, as at 0052 GMT. US gold futures…
Read MoreIran is running out of ammo, rocket launchers as it struggles to keep up with Israel: experts
Iran’s retaliatory attacks against Israel have been significantly diminished over the past two days following Israeli assaults against their missile silos and launching sites, experts said. After firing more than 200 rockets in six waves of missile strikes against Israel on Friday and Saturday, Tehran only launched two waves of attacks the following day with…
Read MoreStocks to watch: Thakral Corp, Fu Yu, IHH Healthcare
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 18): Thakral Corp: The mainboard-listed company on Tuesday announced the launch of an initial public offering (IPO) of GemLife Communities, an Australian over-50s lifestyle resort operator, to raise up to A$750 million (S$628.2 million) at an implied post-money valuation…
Read MoreStocks to watch: Thakral Corp, Fu Yu
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 18): Thakral Corp: The mainboard-listed company on Tuesday announced the launch of an initial public offering (IPO) of GemLife Communities, an Australian over-50s lifestyle resort operator, to raise up to A$750 million (S$628.2 million) at an implied post-money valuation…
Read MoreFed to hold rates steady again as officials wait for more clarity on economy
[HOUSTON] US Federal Reserve officials are widely expected to leave interest rates unchanged for a fourth straight meeting on Wednesday (Jun 18), reiterating they want more clarity on the economic impact of a wide array of government policy changes before adjusting borrowing costs. Policymakers have warned US President Donald Trump’s tariffs could boost inflation and…
Read MoreAmazon’s corporate workforce may shrink as AI takes over routine tasks
The company is using GenAI across internal operations to enhance efficiency and customer experience, Andy Jassy says Published Wed, Jun 18, 2025 · 07:47 AM [BENGALURU] Rollout of generative artificial intelligence (AI) and agents will reduce Amazon’s total corporate workforce in the next few years, Andy Jassy, CEO of the online retailer said in a…
Read MoreRafael Devers will play first base for Giants after Red Sox refusal
Now officially a Giant, Rafael Devers has changed his attitude on where he’s willing to play in the field. “They’re the men in charge,” Devers said of San Francisco’s front office and coaching staff at his introductory press conference Tuesday. “I’m here to play wherever they want me to play.” Earlier this season, Devers had…
Read MoreFrom ambition to action: funding scalable carbon removal
[SINGAPORE] There is increasing recognition that carbon dioxide removal (CDR) is critical, if not indispensable, to supporting global climate goals. This is driving demand for carbon removal opportunities and solutions, suggesting that CDR is poised for rapid growth. While climate and transition finance have been gaining traction in South-east Asia, current efforts still fall short…
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