Posts by Liam Redmond
Keppel divests S$80 million of assets as part of multi-billion dollar monetisation programme
[SINGAPORE] Asset manager Keppel is divesting its stakes in a New-York based company and an integrated agricultural logistics park in China to unlock more than S$80 million from the monetisation of non-core assets, the group said on Friday (Jun 6). This is in line with its S$10 billion to S$20 billion monetisation target by end-2026.…
Read MoreUS Treasury says Bank of Japan should continue to tighten policy
[TOKYO] The Bank of Japan should continue to proceed with monetary tightening, which would support a “normalisation of the yen’s weakness” and rebalancing of bilateral trade, the US Treasury Department said on Thursday. “BOJ policy tightening should continue to proceed in response to domestic economic fundamentals including growth and inflation, supporting a normalisation of the…
Read MoreUkraine under ongoing Russian missile and drone attack that has wounded at least 3
Ukraine was under an ongoing Russian ballistic missile and drone attack early Friday that wounded at least three people, officials said. Multiple explosions were heard in the capital, Kyiv, where falling debris sparked fires across several districts as air defense systems attempted to intercept incoming targets, said Tymur Tkachenko, head of the Kyiv City Administration.…
Read MoreSats proposes 4.2 million euro sale of 49% stake in Servair joint venture to Swiss airline caterer Gategroup
The disposal is consistent with its capital recycling and reallocation strategy, the ground handler says [SINGAPORE] Ground handler Sats is proposing to divest 509,600 ordinary shares or around 49 per cent of paid-up share capital of Servair-Sats, its joint venture with caterer Servair, to the Swiss-headquartered airline catering company Gategroup. Servair is owned by Gategroup,…
Read MoreHSBC chair Tucker to return to Asia insurer AIA after overseeing bank overhaul
HSBC Holdings’ high-profile chairman Mark Tucker will return to the insurance sector as chair of Hong Kong-based AIA Group, after having presided over top management changes and navigated Sino-US tensions at the Asia-focused lender. Tucker will depart HSBC by Sep 30 and will step into the role of AIA chairman on Oct 1, the two…
Read MoreAmazon cuts more jobs, this time in books division
Published Fri, Jun 6, 2025 · 09:13 AM [SAN FRANCISCO] Amazon has cut jobs in its books division, including at its Goodreads review site and Kindle units, the company said on Thursday. The Seattle-based retailer said that fewer than 100 workers were impacted and the move was meant to improve efficiency and streamline operations. “As…
Read MoreBroadcom gives tepid forecast, missing loftiest expectations
BROADCOM, a chip supplier to companies like Alphabet and Apple, gave a lackluster revenue forecast for the current quarter, suggesting that the AI spending frenzy isn’t as strong as some investors anticipated. Sales will be about US$15.8 billion in the fiscal third quarter, which ends Aug 3, the company said in a statement on Thursday.…
Read MoreLululemon plunges with growth plans threatened by Trump tariffs
LULULEMON Athletica posted a second straight disappointing quarter, fueling concerns that rising competition and new tariffs are derailing the company’s ambitious growth plans. The retailer is projecting sales in the range of US$2.54 billion to US$2.56 billion for its fiscal second quarter, below the average analyst estimate. Lululemon’s expected profit for the quarter is also…
Read MoreExclusive | Michael Misa has never shied away from a goal — and the NHL is next on his list
BUFFALO — There’s a two-minute stretch of hockey from when Michael Misa was 11 years old. It’s burned into the memory of everyone who saw it. Misa’s team, the Mississauga Steelheads, was defending a five-on-three against the Ottawa Jr. 67’s toward the end of a game they were leading. Nathan Villeneuve, Ottawa’s best player who…
Read MoreGreat Eastern seeks to delist through OCBC exit offer of $30.15 per share
[SINGAPORE] OCBC has made a S$0.9 billion conditional exit offer at $30.15 per share for the 6.28 per cent stake in Great Eastern it does not own, in a bid to delist the insurer. The offer, which OCBC said on Friday (Jun 6) was made “at the request of Great Eastern”, will resolve the latter’s 11-month…
Read MoreGreat Eastern seeks to delist with new OCBC exit offer of S$30.15 per share
[SINGAPORE] OCBC has made a S$900 million conditional exit offer at S$30.15 per share for the 6.28 per cent stake in Great Eastern it does not own, in a bid to delist the insurer. The offer, which OCBC said on Friday (Jun 6) was made “at the request of Great Eastern”, will resolve the latter’s 11-month…
Read MoreTrafigura flags trading headwinds as payouts outstrip profit
TRAFIGURA Group warned that market volatility may not translate to opportunities for its traders, as the commodity giant reported first-half results that showed its dividend payments exceeded net profit. US President Donald Trump’s trade war in the last couple of months has ignited sharp price swings and market dislocations — typically conditions that commodity traders…
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