Posts by Liam Redmond
Info-Tech Systems launches IPO at S$0.87 apiece, marks SGX’s first mainboard listing in two years
[SINGAPORE] Software services firm Info-Tech Systems has launched its initial public offering (IPO) of 24,856,000 shares at S$0.87 each, in conjunction with its mainboard listing on the Singapore Exchange (SGX). The firm registered its prospectus earlier on Friday (Jun 27) and its shares are expected to begin trading on Jul 4. Info-Tech Systems is the…
Read MoreBumper orders for Xiaomi‘s new SUV heighten threat to Tesla
[SHANGHAI] Exceptionally strong initial orders for Xiaomi‘s YU7 electric sport utility vehicle sent shares in the automotive newcomer to a record high on Friday and fanned speculation that Tesla may have to cut prices to fight back. The company received 289,000 orders for the YU7 – only its second vehicle and one that undercuts Tesla’s Model…
Read MoreAEM, UMS, Frencken lead semiconductor stock surge; robust weekly gains ride on domestic, global tailwinds
[SINGAPORE] Semiconductor listcos were trading higher on Friday (Jun 27), notching double-digit gains over the week as a slew of domestic and global developments spelt potential tailwinds for the chip industry. A buoyant sector outlook, pushback against tariff threats and the opening of a S$123 million facility enabling Singapore to produce the chips were among…
Read MoreMasayoshi Son hints at succession plan while chasing AI ambition
[TOKYO] Masayoshi Son acknowledged the outlines of a succession plan, addressing what may be the single biggest concern among investors, and name-checked the head of SoftBank Group’s telecom unit Junichi Miyakawa. Son said he plans to hold SoftBank’s reins another ten years, but added he has several candidates for its next chief in mind from…
Read MoreSoftBank aims to become leading ‘artificial super intelligence’ platform provider
[TOKYO] SoftBank Group CEO Masayoshi Son on Friday said he wants the Japanese technology investment group to become the biggest platform provider for “artificial super intelligence” within the next 10 years. “We want to become the organiser of the industry in the artificial super intelligence era,” Son told shareholders at the group’s annual shareholder meeting. Son likened…
Read MoreAsia: Stocks climb, dollar holds on trade hopes and rate bets
[HONG KONG] Asian markets rose on Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US interest rate cuts. Easing concerns about Middle East tensions also added to the upbeat mood. With the Israel-Iran ceasefire holding for now, investors were able to turn their attention back to…
Read MoreLonger season, end of EBUG coming as part of advanced NHL CBA talks
The NHL and NHL Players Association are in the advanced stages of negotiations on a four-year extension of the Collective Bargaining Agreement, according to multiple reports Thursday. Among the most notable changes, the new deal would extend the regular season to 84 games, establish a full-time emergency backup goalie position and limit player contract lengths…
Read MoreGold heads for second weekly loss, investors eye US inflation data
Published Fri, Jun 27, 2025 · 10:57 AM GOLD prices fell on Friday, poised for a second consecutive weekly loss as a slight uptick in the dollar pressured bullion while markets awaited US inflation data for signals on Federal Reserve rate policy. Spot gold was down 0.4 per cent at US$3,314.27 per ounce, as of 0051 GMT. Bullion…
Read MorePhony MLB announcers keep telling us what we see isn’t true
It’s an IQ test to gauge how ignorant the expert MLB TV instructors think you are. Source link
Read MoreStocks to watch: AEM, Aztech Global
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 27): AEM: The semiconductor test solutions provider raised its revenue guidance for its first half ending June to between S$185 million and S$195 million, up from an earlier range of S$155 million to S$170 million. The group on…
Read MoreChina confirms trade deal framework reached with United States
[BEIJING/WASHINGTON] China confirmed on Friday (Jun 27) details on the framework of a trade deal with the US, saying Washington would lift “restrictive measures” while Beijing would “review and approve” items under export controls. A top priority for Washington in talks with Beijing had been ensuring the supply of the rare earths essential for products…
Read MoreUS says deal with Beijing will expedite rare earth exports from China
[WASHINGTON] The United States has reached an agreement with China on how to expedite rare earth shipments to the US, a White House official said on Thursday, amid efforts to end a trade war between the world’s biggest economies. President Donald Trump earlier said the United States had signed a deal with China on Wednesday, without providing…
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