Posts by Liam Redmond
Foxconn nears deal to supply electric buses to Mitsubishi Fuso: report
The Japanese commercial automaker and Taiwanese chipmaker are looking to create a new company to oversee the buses, according to the report Published Thu, Jun 26, 2025 · 08:46 AM [BENGALURU] Foxconn is nearing a deal to supply electric buses to Japanese commercial automaker Mitsubishi Fuso Truck and Bus, Japan’s Nikkei newspaper reported on Thursday…
Read MoreStocks to watch: SIA, Sembcorp, Keppel, Cordlife, CapitaLand India Trust, Civmec, ASL Marine
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jun 26): Singapore Airlines (SIA): The national carrier announced in its annual report on Wednesday that it paid its chief executive Goh Choon Phong S$7 million in remuneration for the latest financial year ended Mar 31. This was 13.5 per…
Read MoreCircle K owner misses estimates on lower fuel prices, demand
[TORONTO] Circle K owner Alimentation Couche-Tard slightly missed earnings estimates for its fiscal fourth quarter earnings because of lower fuel demand. The Canadian convenience store and fuel retailer earned 46 US cents per share on an adjusted basis, according to a statement on Wednesday (Jun 25), a penny short of the 47 US cents estimated…
Read MoreCooper Flagg fulfills his NBA destiny as Mavericks’ No. 1 pick
There was little drama or intrigue surrounding the first pick in the 2025 NBA Draft, with Cooper Flagg going wire-to-wire in practically every prediction for the past year until he finally was selected Wednesday night by the Mavericks. In having his name called first by NBA commissioner Adam Silver at Barclays Center, the freshman forward…
Read MoreShell says it has no intention of making an offer for BP
[LONDON] Shell said it has no intention of making a takeover offer for BP, refuting an earlier report that two of Europe’s biggest companies were in active merger talks. The announcement quells speculation that the UK’s two oil majors would end up combining, following several years of poor performance from BP and rising pressure from…
Read MoreXiaomi launches YU7, undercutting Tesla’s Model Y on price
[BEIJING] Chinese EV and smartphone maker Xiaomi on Thursday (Jun 26) priced its new electric YU7 SUV from 253,500 yuan (S$45,102), almost 4 per cent below Tesla’s Model Y, stepping up the challenge to the US firm in the world’s largest auto market. The YU7‘s base model costs 10,000 yuan less than the starting price…
Read MorePartial offer for Cordlife lapses with Thai-listed Medeze obtaining less than 1% stake
An independent financial adviser had earlier deemed the offer unfair and unreasonable [SINGAPORE] A partial offer for a 10 per cent stake in Cordlife Group has lapsed, with the offerer, a subsidiary of Thai-listed Medeze Group, having secured less than a 10th of the shares it needed to. As at the close of the offer…
Read MoreMS-13 migrants slaughtered members of their own gang on Long Island for being ‘disloyal:’ federal prosecutors
Five members of the vicious MS-13 street gang snuffed out two of their own on Long Island for being too chummy with a rival gang and for ratting to the feds, federal prosecutors said Wednesday. The migrant gangbangers strangled and beat gang member Yoneli Ramos-Moreno to death in Kings Park in 2023 for buddying up…
Read MoreUS Federal Reserve releases plan to relax key bank capital rule
[WASHINGTON] The US Federal Reserve unveiled plans to roll back an important capital rule that big banks have said limits their ability to hold more Treasuries and act as intermediaries in the US$29 trillion market. The Fed board voted 5-2 on Wednesday (Jun 25) to propose changes to what’s known as the enhanced supplementary leverage…
Read MoreAssisted living in Singapore: Companies face steep costs, but innovation is still possible
[SINGAPORE] Assisted living facilities – which enable elderly folk to live semi-independently with elderly-friendly amenities and care services – are a tough business in land-scarce Singapore. But there is still room for more private operators to pilot new models and innovate. Healthcare and real estate company Perennial Holdings is investing in this space. In 2023,…
Read MoreSingPost pays ex-CEO Phang S$616,400 for FY2025 as it pursues automation, leadership reset
[SINGAPORE] Former Singapore Post (SingPost) group chief executive Vincent Phang, who was dismissed over the mishandling of a whistleblower complaint, received S$616,400 in remuneration for the financial year ended Mar 31. According to SingPost’s latest annual report released on Tuesday (Jun 24), the payout comprised S$570,600 in fixed salary, S$10,500 in provident fund contributions, and…
Read MoreMicron forecasts revenue above estimates on AI-driven memory chip demand
Published Thu, Jun 26, 2025 · 06:43 AM [SAN FRANCISCO] Micron Technology forecast fourth-quarter revenue above Wall Street estimates on Wednesday (Jun 25), betting on robust demand for its memory chips used for artificial intelligence (AI) hardware in data centres. Shares of the memory chipmaker rose 4.3 per cent in extended trading. Micron said third-quarter…
Read More